Rinaldo Ossola Explained

Rinaldo Ossola
Office1:Director General of the Bank of Italy
Term Start1:19 August 1975
Term End1:30 July 1976
Predecessor1:Paolo Baffi
Successor1:Mario Ercolani
Office2:Minister of Foreign Trade
Primeminister2:Giulio Andreotti
Term Start2:29 July 1976
Term End2:20 March 1979
Predecessor2:Ciriaco De Mita
Successor2:Gaetano Stammati
Birth Date:8 November 1913
Birth Place:Lecco, Italy
Death Place:Rome, Italy
Alma Mater:Bocconi University

Rinaldo Ossola (8 November 1913 – 7 December 1990) was an Italian economist and politician. He served as Director General of the Bank of Italy from 1975 to 1976 and as Minister of Foreign Trade from 1976 to 1979.[1] [2]

Biography

Rinaldo Ossola, after graduating in 1935 from Bocconi University in Milan and specializing in the London School of Economics and the Institute of Bankers, was hired by the Bank of Italy in December 1938.

In the post-war years Ossola participated in the works that led to the creation of the currency compensation system in Europe and the establishment of the European payments union. He participated in the meetings of the main international cooperation bodies and contributed to the design of the European Common Market.

Subsequently, he became head of the studies service for the international economy of the Bank of Italy (1964), Economic adviser of the same institute (1967) and Deputy Director General (1969).

He was elected President of the Group of Ten "Committee of Substitutes" and coordinated negotiations on changes to the International Monetary Fund's statute for the creation of a new international currency. The "Ossola Report" was the IMF document which sanctioned the creation of the Special Drawing Rights, a conventional currency available to member countries, used above all by Countries in difficulty with the passive balance of payments status.

From 19 August 1975 to 30 July 1976 he was Director General of the Bank of Italy, while from 29 July 1976 to 20 March 1979 he served as Minister of Foreign Trade in two cabinets led by Prime Minister Giulio Andreotti.

Subsequently, he became vice-president of the Italian Banking Association (ABI), president of Banco di Napoli (from April 1980 to December 1982) and president of Credito Varesino (in 1983).

He died in Rome on 7 December 1990.[3]

External links

Notes and References

  1. Book: The U. S. A. Up Close: From the Atlantic Pact to Bush. Giulio Andreiotti. 1993. NYU Press. 9780814706275. 29 October 2018.
  2. Book: Italy and the Economic Monetary Union : the politics of ideas. Lucia Quaglia. 2006. Lewiston. 9780773457683. 29 October 2018.
  3. Web site: 1990-12-08 . E' MORTO RINALDO OSSOLA - la Repubblica.it . 2024-07-05 . Archivio - la Repubblica.it . it.