Lorenzo Bini Smaghi
Member of the Executive Board, European Central Bank
Born in Florence on 29 November 1956
Professional experience
Lorenzo Bini Smaghi joined the Executive Board of the European Central Bank in 2005.
1998 - 2005: Italian Ministry of the Economy and Finance (former Ministry of the Treasury) – Director for International Financial Relations
G7, G10, G20 Deputy – IMFC Deputy - G7 Finance Sherpa; President of the Italian Export Credit Agency; Member of the Economic and Financial Committee of the EU; Chairman of the WG on IMF and related issues of the EFC - Chairman of the Committee on Financial Markets of the OECD; Alternate Governor for Italy at the World Bank Group, Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development and Caribbean Development Bank; Member of the Board of the EIB; Member of the Working Party 3 of the OECD; Member of the Board of Finmeccanica S.p.A.
1994 – 1998 (Sep.): European Central Bank – Deputy Director General for Research European Monetary Institute – Head of the Policy Division
Responsible for the preparation of the ECB in the fields of foreign exchange policy and reserve management, middle and back office, payment and securities settlement systems, the accounting system and procedures of the ESCB, financial supervision. Chairman of the group for the preparation of the overall ESCB testing.
1988 – 1994 (Oct.): Banca d’Italia, Research Department – Head of Exchange Rate and International
Trade Division
Member of the Foreign Exchange and of the Monetary Policy Subcommittees of the Committee of Governors of the EU and of the EMI.
1983 – 1988: Banca d’Italia, Research Department – Economist, International Section
1982: International Monetary Fund, Central Banking Department – Summer Internship
Education
1980 – 1982: Ph.D, University of Chicago
1979 – 1980: M.A. University of Southern California Laurea in Scienze Politiche, Università degli Studi di Bologna
1974 – 1978: Licence en Sciences Economiques, Université Catholique de Louvain
Member of the Scientific Advisory Committees of Open Economies Review, Economic Notes, Revue du CEPII, Giornale degli Economisti
