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Domingo Cavallo
Cavallo in 2001
Minister of Economy
In office 20 March 2001 – 20 December 2001
President
Fernando de la Rúa
Preceded by
Ricardo López Murphy
Succeeded by
Jorge Capitanich
In office 1 February 1991 – 6 August 1996
President
Carlos Menem
Preceded by
Antonio Erman González
Succeeded by
Roque Fernández
Minister of Foreign Affairs
In office July 8, 1989 – January 31, 1991
President
Carlos Menem
Preceded by
Susana Ruiz Cerruti
Succeeded by
Guido di Tella
President of the Central Bank of Argentina
In office July 2, 1982 – August 26, 1982
President
Reynaldo Bignone
Preceded by
Egidio Iannella
Succeeded by
Julio González del Solar
National Deputy
In office December 10, 1997 – March 20, 2001
Constituency
City of Buenos Aires
In office December 10, 1987 – December 10, 1989
Constituency
Cordoba
Personal details
Born
Domingo Felipe Cavallo
(1946-07-21) July 21, 1946 (age 77) San Francisco, Córdoba, Argentina
Political party
Justicialist Party (1983–1996) Action for the Republic (1996–2005) Is Possible Party [es] (2013)
Spouse
Sonia Abrazián
Alma mater
National University of Córdoba Harvard University
Website
Official website
Domingo Felipe Cavallo (born July 21, 1946) is an Argentine economist and politician. Between 1991 and 1996, he was the Minister of Economy during Carlos Menem's presidency. He is known for implementing the convertibility plan, which established a pseudo-currency board with the United States dollar and allowed the dollar to be used for legal contracts. This brought the 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] He implemented pro-market reforms which included privatizations of state enterprises. Productivity per hour worked during his five-years as minister of Menem increased by more than 100%.[2] In 2001, he was the economy minister for nine months during the 1998–2002 Argentine great depression. During a bank run, he implemented a restriction on cash withdrawing, known as corralito. This was followed by the December 2001 riots in Argentina and the fall of Fernando de la Rúa as president.[3]
Cavallo is a Doctor in Economic Sciences from the National University of Córdoba and obtained his PhD in Economics from Harvard University. He received five Honoris Causa doctorates from Genoa, Turin, Bologna, Ben-Gurion and Paris Pantheon-Sorbonne universities. He was professor at the National and Catholic Universities of Córdoba, and at New York, Harvard, and Yale universities.[4]
^Graciela Kaminsky; Amine Mati; Nada Choueiri (November 2009). "Thirty Years of Currency Crises in Argentina External Shocks or Domestic Fragility?" (PDF). National Bureau of Economic Research.
^Cite error: The named reference productivity1 was invoked but never defined (see the help page).
^"Argentina's collapse - A decline without parallel". The Economist. February 28, 2002.
Domingo Felipe Cavallo (born July 21, 1946) is an Argentine economist and politician. Between 1991 and 1996, he was the Minister of Economy during Carlos...
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"Corral" policies (Spanish: Corralito) at the behest of economic minister DomingoCavallo, which restricted people's ability to withdraw cash from banks. Rioting...
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measures taken in Argentina at the end of 2001 by Minister of Economy DomingoCavallo in order to stop a bank run which implicated a limit of cash withdrawals...
bank deposits and capital flight, de la Rúa's Minister of Economy DomingoCavallo passed regulations severely limiting withdrawals, effectively freezing...
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Major also met US president George H. W. Bush in Washington, D.C. and DomingoCavallo, the Argentine foreign minister, the first such meeting since the end...
of former Argentine president Carlos Menem and his economy minister DomingoCavallo, referring to their administration as the "most economically successful...
Sonia Cavallo, Daniel Runde". The New York Times. 15 July 2001. Retrieved 19 November 2017. "Milei proposes Sonia Cavallo, daughter of DomingoCavallo, as...
close to Milei, such as Carlos Kikuchi, former political advisor to DomingoCavallo, charged up to $50,000 in exchange for political positions. Blumberg...
between early 1981 and July 1982, when new Central Bank President DomingoCavallo rescinded the surcharge (by then, commercial banks had been writing...
though prices in Argentina were falling. In 1991, economy minister DomingoCavallo set out to reverse Argentina's decline through free-market reforms...
DomingoCavallo. In addition to that, he honored Juan Bautista Alberdi, and the Argentine historic presidencies era [es] of Bartolomé Mitre, Domingo Faustino...
hyperinflation in 1989 and 1990. Attempting to remedy this situation, economist DomingoCavallo pegged the peso to the U.S. dollar in 1991 and limited the money supply's...
Cascioli's portrayals of the junta. Bignone chose DomingoCavallo to head the Argentine Central Bank. Cavallo inherited a foreign debt installment guarantee...
prediction of the Mexican peso's collapse, Argentine Finance Minister DomingoCavallo invited Hanke to serve as his adviser. During this time, Hanke's primary...
rate, which was its intended purpose. His fourth minister of economy, DomingoCavallo, was appointed in 1991 and deepened the liberalization of the economy...
December 2001 – 23 December 2007 President Ramón Puerta Preceded by DomingoCavallo (as Minister of Economy) Succeeded by Rodolfo Frigeri (as Secretary...
1982. From 1989 to 2001, more neoliberal policies were implemented by DomingoCavallo. This time, the privatization of public services was the main focus...
Argentina. Among the people invited to give these talks were economists DomingoCavallo and Alfonso Prat Gay, renowned scholars Beatriz Sarlo and Silvia Bleichmar...
a senator from the province of La Rioja. Former economic minister DomingoCavallo, former Defense Minister Oscar Camilion, and former Air Force Brigadier...
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