Ignazio Visco

Ignazio Visco ( born November 21, 1949 in Naples ) is an Italian economist. Since November 1, 2011 he has been governor of the Banca d' Italia, the Italian central bank. Prior to 2007, he was one of two of its Deputy Directors-General.

Life

Visco studied economics at the University La Sapienza in Rome and completed his studies in 1971 summa cum laude. Later he graduated from the Wharton School in Philadelphia in 1974 a master's degree and a doctorate there.

In 1972 he began his career at the Bank of Italy. In 1990 he become the Director of Economic Research. From 1997 to 2002 he served at the OECD in Paris. On October 20, 2011 Prime Minister Silvio Berlusconi struck him on November 1 2011 as successor Mario Draghi, who took office at the European Central Bank on 1 November 2011.

Since sitting by the retirement of Jean -Claude Trichet and the choice of Mario Draghi two Italians in the six-man leadership of the ECB, but not French, it was expected that Italy is the second Italian in the leadership of the ECB's Lorenzo Bini Smaghi, President the central bank would appoint. Berlusconi but decided otherwise. Background was a conflict between him and his finance minister, Giulio Tremonti, the preferred two different candidates. Visco domestic political controversy: Opposition leader Pier Luigi Bersani (PD ) has agreed publicly.

As a result, in the midst of the euro crisis was an intra-European conflict between Berlusconi and French President Sarkozy. This was a few days later defused when Lorenzo Bini Smaghi announced that he would go into science.

On November 1, 2011 Visco took office.

Writings

  • Price Expectations in Rising Inflation, North Holland, 1984, ISBN 0-4-448-68364 (dissertation)
  • Albert Ando, ​​Luigi Guiso, Ignazio Visco (eds.): Saving and the accumulation of wealth: essays on Italian household and government saving behavior, Cambridge University Press, Cambridge 1994
  • (along with Nicola Rossi): National saving and social security in Italy ( 1954-1993 ), Rome, Banca d' Italia 1996.
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