Patrizio Pagano is Head of Advanced Economies and International Finance Division in the Economics, Research and International Relations Area of the Bank of Italy. He holds a B.A. in Economics and Social Sciences from Bocconi University in Milan, he received a M.Sc. in Economics from Birckbeck College (UK) and he earned his Doctorate in Economics at the University of Pavia (Italy). He has been Visiting Scholar at the University of California at Berkeley. His research interests are in macroeconomics, international finance, trade and growth.