Intesa Sanpaolo Chair in Financial Regulation
Held by Donato Masciandaro
Full Professor of Economics and Head of the Department of Economics from 2008 to 2010 and from 2013 to 2017. Since 2015 he has been President of the BAFFI CAREFIN Center for Applied Research on International Markets, Banking, Finance and Regulation, where he was previously Director from 2008 to 2014. He is a member of the Management Board and Honorary Treasurer of SUERF (Societé Universitaire Européenne de Recherches Financières). He served as Visiting Scholar at the IMF (International Monetary Fund), as well as a Consultant at the Inter-American Development Bank and the United Nations. He is Associated Editor of the Journal of Financial Stability.
Joint Purpose
In 2005 Bocconi University and Intesa Sanpaolo established the Intesa Sanpaolo Chair in Economics of Financial Regulation, assigned to Donato Masciandaro, Full Professor of Economics and Head of the Department of Economics. The establishment of the Chair foresaw well in advance what has been evident worldwide after the Great Recession of 2008: the need for profound reflection on the state of relations between monetary policy, financial supervision (micro and macroprudential) and regulation. In 2019, the Bocconi University and Intesa Sanpaolo's connection was further strengthened, transforming as the Chair changed from being fixed-term to endowed. The Chair's research is deeply intertwined with the initiatives of the Center for Applied Research on International Markets, Banking, Finance and Regulation, where a specific research unit is managed by the Chair holder.
Core Activities
Research
Over the years, Professor Masciandaro's research has focused on a number of different areas. The major innovation in the establishment of the Intesa Sanpaolo Chair in Economics of Financial Regulation has been to promote the progressive implementation of both research and teaching on the analysis of the macroeconomic effects of public choices in the monetary, supervisory and regulatory markets, using both traditional and innovative tools. In this regard, the Chair's current line of research includes experimental analysis of the consequences of new monetary technologies, the role of gender, the influence of psychological and behavioral biases in the formation of monetary policy decisions, as well as the role of populism, economic policies and central banks. In addition, research is dedicated to exploring how regulatory and supervisory models can address the issue of financial integrity, for example to prevent and combat the threat of money laundering nationally and internationally.
Communication and Dissemination
The Chair in Economics of Financial Regulation's activities have been enriched over the years by the dissemination of Professor Masciandaro's research results, thanks to his participation in seminars and conferences organized by the most prestigious academic and institutional entities.