Domingo Cavallo

Domingo Cavallo
Domingo Cavallo (cropped).jpg
Minister of Economy of Argentina
In office
20 March 2001 – 20 December 2001
PresidentFernando de la Rúa
Preceded byRicardo López Murphy
Succeeded byJorge Capitanich
In office
1 February 1991 – 6 August 1996
PresidentCarlos Menem
Preceded byAntonio Erman González
Succeeded byRoque Fernández
Minister of Foreign Affairs
In office
8 July 1989 – 31 January 1991
PresidentCarlos Menem
Preceded bySusana Ruiz Cerruti
Succeeded byGuido di Tella
President of the Central Bank of Argentina
In office
2 July 1982 – 26 August 1982
PresidentReynaldo Bignone
Preceded byEgidio Iannella
Succeeded byJulio González del Solar
Personal details
Born (1946-07-21) July 21, 1946 (age 72)
San Francisco, Córdoba
Political partyJusticialist Party
Other political
Action for the Republic
Spouse(s)Sonia Abrazián
Alma materNational University of Córdoba (1968)
Harvard University (1977)

Domingo Felipe "Mingo" Cavallo (born July 21, 1946) is an Argentine economist and politician. He has a track record of public service and is known for implementing the Convertibilidad plan, which fixed the dollar-peso exchange rate at 1:1 between 1991 and 2001. This brought the Argentine inflation rate down from over 1,300% in 1990 to less than 20% in 1992 and nearly to zero during the rest of the 1990s.[1] Guided by his politics, Argentina entered into one of the most difficult crisis in its history. He is also well known for implementing the corralito, which restrained Argentine citizens from withdrawing money from their bank accounts. This was followed by the December 2001 riots and the fall of President Fernando de la Rúa. In 2015, he was sentenced for embezzlement, following an appeal. A definitive sentence still awaits.[2][3]

Early years

Cavallo was born in San Francisco, Córdoba Province to Florencia and Felipe Cavallo, Italian Argentine immigrants from the Piedmont Region. He graduated with honors in Accounting (1967) and Economics (1968) at the National University of Córdoba, where he earned his Doctorate in Economics in 1970. He married the former Sonia Abrazián in 1968, and had three children. He would later enroll at Harvard University, where he earned a second doctorate in Economics in 1977.[4]

Other Languages
español: Domingo Cavallo
Esperanto: Domingo Cavallo
français: Domingo Cavallo
italiano: Domingo Cavallo
português: Domingo Cavallo