Bank for International Settlements
Leonardo Gambacorta is head of Monetary Policy in the Monetary and Economic Department of the Bank for International Settlements. Previously he was head of the Money and Credit Unit in the Economic Outlook and Monetary Policy Department of the Bank of Italy. In 2002-2003 he spent a period as visiting scholar at the NBER. He holds a MSc in Economics from Warwick University and a PhD from the University of Pavia. Author of many articles on the monetary transmission mechanism, his other research interests include: the study of the financial structure of advanced and emerging economies, the links between financial stability and monetary policy, the optimal institutional arrangement for a monetary union, the functioning of the securitization market.