Ignazio Visco is a superb economist and central banker. He should be everyone's choice for the next President of the European Central Bank. Italy has a bad economic rap among those with a cursory knowledge of its fiscal condition and financial system. In fact, it's ranked as the most fiscally sustainable of all major EU countries and has one of the world's safest banking systems. The former is thanks to relatively small off-the-books pension, healthcare, and other off-the-books liabilities. The latter is largely due to Ignazio's 12-year leadership of the Italian Central Bank.
Ignazio has had an amazing career. He received his PhD in economics from the University of Pennsylvania, joined the Bank of Italy as a junior economist, quickly became Head of the Bank's Research Department, was named Chief Economist of the OECD, and then appointed Governor of the Bank of Italy. He has served on the boards of the ECB, the ESRB, the BIS, the FSB, the World Bank, the Asian Development Bank, the International Monetary Fund, and the InterAmerican Development Bank.
There are few people on the planet with Ignazio wealth of international economic exposure, expertise, and knowledge. Please do listen/watch this episode of Economics Matters -- the Podcast. It's terrific.
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