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The Baffi Centre fosters applied multi-disciplinary research on economics, finance and regulation. 

The main goals of the Baffi Centre are:

  1. Producing and linking scientific analysis with everyday’s problems that market and institutions should solve;
  2. Developing closer and deeper relationships between academics, civil servants and professionals. 

The activities of the Baffi Centre are conducted via 17 Research Units, focusing on a variety of research and policy areas, including monetary economics, international economics, political economy, law and economics, banking, asset pricing, investment banking, structured finance, insurance and pension funds, sovereign funds,  financial and insurance education, regulation in national and international markets.

The Baffi Centre was launched on 1st January 2015, as a result of the integration of the activities of the CAREFIN and Paolo Baffi Centre on International Markets, Money and Regulation.

The Carefin Bocconi, the Centre for Applied Research in Finance of Bocconi University, was launched in 2008 after the merger of three previous research groups at Bocconi University: Newfin, Cerap and Pension Forum. Carefin's main areas of activity included banking, insurance, asset management, risk management, pension funds and financial market operations.

The Paolo Baffi Centre on International Markets, Money and Regulation was founded in 1984 and dedicated to Paolo Baffi, a Bocconi graduate and Governor of the Bank of Italy from 1975 to 1979. Its activities focused on monetary economics, economic policy, and regulation.

The Baffi Centre takes its name from Paolo Baffi. Born in 1911, he graduated in Economics and Business from Bocconi University in 1932 and was assistant to Giorgio Mortara in the Department of Statistics from 1933 to 1936. In that year, Baffi joined the Bank of Italy, assigned to the Research Department, which he then headed from 1945 to 1956. Baffi was a member of the Economic Commission chaired by Giovanni Demaria at the Ministry for the Constituent Assembly.

He was economic advisor to the Bank of Italy and the Bank for International Settlements from 1956 to 1960; visiting professor of international economics in 1959-60 at Cornell University (Ithaca, USA), as well as general manager of the Bank of Italy from August 1960 and Governor from July 1975 to September 1979. Paolo Baffi was also awarded the title of Honorary Governor of the Bank of Italy.

He was Professor of Monetary History and Policy at the Faculty of Political Science of the University of Rome from 1970 to 1979. National member of the Accademia dei Lincei since 1972, he was president of the Italian Society of Economists from 1980 to 1982.

Finally, Baffi was a member of the BIS (Bank of International Settlements) Board of Directors since 1975 and became its vice-president in 1988. He died in 1989.