Leonardo Gambacorta

Research Adviser
Monetary and Economic Department

Before taking up his current position, Leonardo was Head of Monetary Policy in the Monetary and Economic Department (2010-12). He was also Head of the Money and Credit Unit in the Economic Outlook and Monetary Policy Department of the Bank of Italy (2007-09). He holds an MSc in Economics from the University of Warwick and a PhD in Economics from the University of Pavia. He worked as a financial analyst in the Supervision Department of the Bank of Italy (Milan branch) before becoming Head of the Banking Sector Unit of the Research Department (2004-06). He was a visiting scholar at the National Bureau of Economic Research (2002-03). His main interests include the monetary transmission mechanisms, the effectiveness of macroprudential policies, the financial intermediation process and the functioning of securitisation markets. He is a research fellow of the Centre for Economic Policy Research.

Fields of interest

  • Macroeconomics
  • Monetary policy
  • Central banking

Date BIS research papers
Jan 2017

Asymmetric information and the securitization of SME loans

BIS Working Papers No 601

Other authors: Ugo Albertazzi, Margherita Bottero and Steven Ongena

Dec 2016

Bank lending and loan quality: the case of India

BIS Working Papers No 595

Other authors: Pallavi Chavan

Sep 2016

Leverage and risk weighted capital requirements

BIS Working Papers No 586

Other authors: Sudipto Karmakar

Apr 2016

Why bank capital matters for monetary policy

BIS Working Papers No 558

Other authors: Hyun Song Shin

Dec 2015

Central clearing: trends and current issues

BIS Quarterly Review December 2015

Other authors: Dietrich Domanski and Cristina Picillo

Dec 2015

The supply side of household finance

BIS Working Papers No 531

Other authors: Gabriele Foà, Luigi Guiso and Paolo Emilio Mistrulli

Oct 2015

The influence of monetary policy on bank profitability

BIS Working Papers No 514

Other authors: Claudio Borio and Boris Hofmann

Dec 2014

Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?

BIS Working Papers No 477

Other authors: Anamaria Illes and Marco Jacopo Lombardi

Nov 2014

The leverage ratio over the cycle

BIS Working Papers No 471

Other authors: Michael Brei

Mar 2014

Financial structure and growth

BIS Quarterly Review March 2014

Other authors: Jing Yang and Kostas Tsatsaronis