In this interview excerpt, Fabrizio Saccomanni, an economist at the Bank of Italy from 1967 to 1970, looks back at his reasons for joining the Bank of Italy in 1967 and outlines the main issues he worked on.

In this interview excerpt, Fabrizio Saccomanni, an economist at the Bank of Italy from 1967 to 1970 and on secondment to the International Monetary Fund (IMF) in Washington from 1970 to 1975, first as an economist in the Exchange and Trade Relations Department and then as assistant to the Executive Director for Italy, Spain, Greece and Portugal, discusses the circumstances in which he was appointed to the IMF. He also describes the main economic issues of the time, such as the collapse of the Bretton Woods system and the first oil shocks, as well as the impact of these events on the 1970 report on the establishment of an economic and monetary union, better known as the ‘Werner Report’.

In this interview excerpt, Fabrizio Saccomanni, an economist at the Bank of Italy from 1967 to 1970 and on secondment to the International Monetary Fund (IMF) in Washington from 1970 to 1975, first as an economist in the Exchange and Trade Relations Department and then as assistant to the Executive Director for Italy, Spain, Greece and Portugal, discusses the role played by Gaetano Stammati and Simone Palumbo, the Italian members of the Werner Committee set up to produce a report on the establishment by stages of an economic and monetary union.

In this interview excerpt, Fabrizio Saccomanni, an economist at the Bank of Italy from 1967 to 1970 and on secondment to the International Monetary Fund (IMF) in Washington from 1970 to 1975, first as an economist in the Exchange and Trade Relations Department and then as assistant to the Executive Director for Italy, Spain, Greece and Portugal, discusses the main economic problems experienced by Italy in the early 1970s: the collapse of the Bretton Woods system, cooperation between the IMF and Italy, and the difficulties facing the European Monetary System (EMS).

In this interview excerpt, Fabrizio Saccomanni, an economist at the Bank of Italy from 1967 to 1970 and on secondment to the International Monetary Fund (IMF) in Washington from 1970 to 1975, first as an economist in the Exchange and Trade Relations Department and then as assistant to the Executive Director for Italy, Spain, Greece and Portugal, shares his thoughts on Pierre-Paul Schweitzer and Hendrikus Johannes Witteveen, successive Managing Directors of the IMF from 1963 to 1973 and from 1973 to 1978 respectively.