Ignazio Visco

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Not to be confused with Vincenzo Visco.
Ignazio Visco
Ignazio Visco at the Rebuilding Europe’s Competitiveness Meeting, Villa Madama, Rome 30th October 2012.jpg
Governor of the Bank of Italy
Assumed office
1 November 2011
Preceded by Mario Draghi
Deputy Director General of the Bank of Italy
In office
9 January 2007 – 1 November 2011
Preceded by Pierluigi Ciocca
Succeeded by Salvatore Rossi
Personal details
Born (1949-11-21) 21 November 1949 (age 68)
Naples, Italy
Alma mater Sapienza University
University of Pennsylvania

Ignazio Visco (Italian pronunciation: [iɲˈɲattsjo ˈvisko]; born 21 November 1949) is an Italian economist and the current Governor of the Bank of Italy.[1][2]

Early life and education

Visco was born in Naples on 21 November 1949.[3] He obtained a summa cum laude degree in economics from the Sapienza University of Rome[3] in 1971 with Federico Caffè as supervisor and continued his studies at the University of Pennsylvania (Economics Department), where he obtained an MA in 1974 and a PhD in 1981.[3]


In 1972 Visco began his career at the Bank of Italy and in 1990 he was named head of the research department; from 1997 to 2002 he was chief economist of the Organisation for Economic Co-operation and Development (OECD) and on 9 January 2007 he was named deputy director general of the Bank of Italy (alongside Giovanni Carosio) and a member of its Direttorio (Board of Directors).[4]

On 24 October 2011 Visco was named to succeed Mario Draghi as governor of the Bank of Italy by Italian President Giorgio Napolitano.[2][5]

Starting from 1 January 2013, in accordance with Legislative Decree 95/12 (converted into law, with modifications, from Law no.135/2012), he also holds the position of chairman of the joint governing board of the Italian Insurance Supervisory Authority (IVASS).

On 28 January 2015,[6] Ignazio Visco was placed under investigation by the Prosecutor of Spoleto as part a probe into the special administration of Banca Popolare di Spoleto.[7] In February 2016, the same Prosecutor asked that the investigation to be shelved.[8]


  • Price Expectations in Rising Inflation, North Holland, 1984
  • Le aspettative nell'analisi economica, Il Mulino, 1985
  • Inflazione, concorrenza e sviluppo (with Stefano Micossi), Il Mulino, 1993
  • Saving and the Accumulation of Wealth (with Albert Ando and Luigi Guiso), Cambridge University Press, 1994
  • L'economia italiana (with Federico L. Signorini), Il Mulino, 2002
  • Ageing and Pension System Reform (as Chairman of the G-10 Working Group), 2005 (PDF)
  • Investire in conoscenza, Il Mulino, 2009


  1. Bio from the Bank of Italy website
  2. 2.0 2.1 "Bankitalia, alla fine l'outsider: Berlusconi sceglie Ignazio Visco". la Repubblica (in Italian). 20 October 2011. Retrieved 21 October 2011. 
  3. 3.0 3.1 3.2 "Berlusconi chooses Ignazio Visco to head Bank of Italy". AFP Global Edition. 20 October 2011. Retrieved 19 June 2013. 
  4. Bocciarelli, Rossella (20 December 2006). "Giovanni Carosio e Ignazio Visco nel Direttorio di Bankitalia". Il Sole 24 Ore (in Italian). Retrieved 21 October 2011. 
  5. Donovan, Jeffrey (24 October 2011). "Italian President Signs Decree to Name Visco Bank of Italy Head". Bloomberg Businessweek. Retrieved 1 November 2011. 
  6. "Atti Procura di Spoleto, Visco indagato. Bankitalia: non entriamo in merito vicenda Bps". Il Sole 24 Ore (in Italian). 20 October 2015. Retrieved 18 May 2016. 
  7. Elli, Stefano (21 October 2015). "Bank of Italy Governor Visco investigated for sale of troubled bank after shareholders’ legal action". ItalyEurope24 by Il Sole 24 Ore. Retrieved 18 May 2016. 
  8. "Pop Spoleto, la procura chiede di archiviare sul governatore Visco". La Repubblica (in Italian). 15 February 2016. Retrieved 18 May 2016. 
Civic offices
Preceded by
Pierluigi Ciocca
Deputy Director General of the Bank of Italy
Succeeded by
Salvatore Rossi
Preceded by
Mario Draghi
Governor of the Bank of Italy