Domingo Cavallo

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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 78) 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]