The need to combine doing and understanding was strong for a young economist working in the research department of the Banca d’Italia at the end of the 1960s. The Bretton Woods system, which had given Italy a solid monetary framework, was starting to show the signs of wear, while the growth miracle of the Italian economy was approaching its limits.
This fund will finance projects worth € million over the next ten years. In addition, we are providing one-off funding of an additional € million for a number of larger initiatives such as the National Research Centre on the History of Slavery. We are also closely examining our own organisation.