Domingo Cavallo

Domingo Cavallo ( born 1946 in San Francisco) is an Argentine economist and politician. He served between 1989 and 1991, the Office of the Foreign Minister, and between 1991 and 1996 and from March to December 2001, the post of Minister of Economic Affairs in his home country.


Cavallo obtained the Licentiate in Economics and a Ph.D. in economics at the Universidad Nacional de Córdoba, 1977, he moved to the U.S. and earned his doctorate at Harvard University in Economics ( PhD in Economics).

Cavallo is considered the father of the so-called Convertibilidad, an economic program of 1991 under which he successfully fought inflation during his tenure as Minister of Economics by the peso coupled 1:1 to the U.S. dollar. In 1996 he retired but because of internal party differences from office.

2001 Cavallo was appointed by the government of Fernando de la Rúa back to the Office of the Minister of Economic Affairs to stop the looming economic crisis. But even he could not do anything against the free fall of the Argentine economy. On 20 December 2001, he retired after popular protests again from office after he ordered the freezing of all bank deposits ( Corralito ).

Today Domingo Cavallo lives in the USA. In the fall of 2003 and fall of 2004 he was a visiting professor of economics at Harvard University.