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	Domingo Cavallo - Wikipedia, the free encyclopedia
		Domingo Felipe "Mingo" Cavallo (born July 21, 1946) is an Argentine economist and politician.
		Cavallo was born in San Francisco, Córdoba Province.
		Cavallo's policies are viewed by many as major causes of the de-industrialization and the rise of unemployment and poverty endured by Argentina in the 1990s, as well as the collapse of 2001, the ensuing default of the Argentine public debt and the consequences of the uncontrolled depreciation of the peso.
	en.wikipedia.org /wiki/Domingo_Cavallo (902 words)

	Commanding Heights : Domingo Cavallo \| on PBS
		DOMINGO CAVALLO: Oh, the experience of Chile during the '80s was very instructive, I think, for most Latin American economies, and many politicians in Latin America, because Chile was successful by opening up and trying to expand their exports and in general their foreign trade and getting more integrated into the world economy.
		DOMINGO CAVALLO: Oh, at the time of hyperinflation it's terrible for the people, particularly for low-income people and small savers, because they see that in a few hours or in a few days they are being told their salaries got destroyed by the price increases, which take place at an incredible speed.
		DOMINGO CAVALLO: Yes, it's the key, because nowadays fiscal capital is just a tool, but it is the ability of people to use fiscal capital and the ability to create and to invent and to develop new ideas and to implement them that moves the world.
	www.pbs.org /wgbh/commandingheights/shared/minitextlo/int_domingocavallo.html (7542 words)

	Argentina's Fallen Economic Czar Is Held in Arms Deal
		Cavallo's arrest, he added, is part of a broader government campaign of "going after banks and foreign investors" in order to "create a distraction" from the country's economic disaster.
		Cavallo, a member of a small center-right party, is especially unpopular because of an order he issued in December to freeze banking deposits, a move followed by a 66 percent devaluation of the Argentine peso.
		Cavallo is already facing a separate judicial investigation into charges that he conspired with foreign bankers to increase Argentina's indebtedness and inflate commissions to investment banks in return for their agreeing to renegotiate $29.5 billion in bonds.
	www.globalaging.org /pension/world/Argentinaministerarrested.htm (1018 words)

	Do you know this man?
		Domingo Cavallo, Argentina's Economy Minister during three critical periods over the past two decades and who has recently been appointed Visiting Professor at NYU Stern School of Business, implemented many of the policies that have led Argentina to its current state of economic collapse.
		Cavallo's policy of pegging the peso to the dollar in a 1 to 1 relationship was instrumental in ensuring enormous profits for the newly privatized companies and the corrupted political elite.
		Cavallo for their alleged participation in the smuggling of arms to Croatia and Ecuador in spite of international embargoes to war zones.
	hemi.ps.tsoa.nyu.edu /eng/events/signindex.htm (930 words)

	The Militant - April 9, 2001 -- Argentine rulers shift austerity moves in face of mass protests
		Cavallo says he will reorganize state agencies, restructure the tax system, privatize state banks and enterprises, and directly attack the working class by altering the labor code and pensions, and firing or cutting the wages of state workers.
		Cavallo, the third person to occupy the ministry post in less than a month, was appointed by Argentine president Fernando de la Rúa after Cavallo's predecessor, Ricardo López Murphy, was forced to resign after his proposed austerity plan was met with protests by workers and students and the resignation of several government ministers.
		Cavallo also claims that he will carry out his economic measures without devaluing the peso or ending the decade-old currency board system, which he was responsible for introducing under the government of Carlos Menem in the early 1990s.
	www.themilitant.com /2001/6514/651466.html (849 words)

	Cavallo: parallels between Argentina and Russia
		Domingo Felipe Cavallo is the arch-traitor and SOB who led the process of destruction of the Argentine economy under Menem.
		Cavallo was true to the worst traditions of the area (for example, the chacareros of Eastern and Southern Cordoba were mild Fascists during the 30s, out of heimweh for Italy).
		Cavallo is, in fact, a representative of the American Corporate interests that Camdessus and the IMF have agreed to send to Russia, since he is "famous" because he stopped Argentine inflations.
	www.marxmail.org /archives/september98/cavallo.htm (3579 words)

	News -- Former Argentinian Minister Discusses Economic Crisis
		Cavallo advocated the Convertibility Law as a solution to the problems created by devaluation and “destroyed property rights,” maintaining that these were more important than the problems created by overvalued currency, such as the discouragement of growth and export.
		Cavallo emphasized the new government’s need to provide “credible commitment to recreate the conditions for investment and productivity.” Inefficiency, corruption and political favoritism should be eradicated from social policies, he said.
		Cavallo said the changes in the U.S. and the IMF administrations were unfortunate for Argentina.
	www.thehoya.com /news/112602/news3.cfm (950 words)

	WSJ.com
		Cavallo described as a "depression," local union leaders and some foreign economists have called for policymakers to let the peso devalue, making Argentine goods less expensive abroad.
		Cavallo, 55 years old, has come under fire during his second tenure, which began in March after the first two economy ministers under President Fernando de la Rua quit.
		Cavallo inherited an economy mired in a long recession, he has been unable to generate growth.
	www.j-bradford-delong.net /macro_online/timely/news/20011116arg.html (922 words)

	World Tribune.com: Column by Claudio Campuzano
		Cavallo scrapped most exemptions on valued added tax, raised the tax on financial transactions from 0.25 per cent to 0.4 per cent, and implemented spending cuts of $900 million, while cutting VAT on purchases of capital goods from 21 per cent to 10.5 per cent to encourage investment.
		Furthermore, the very same measures taken by Cavallo to gain the support of the IMF and the cautious confidence of private investors have cut down even more the consumers' resources, which is precisely the domestic problem on the political front the minister faces.
		Minister Domingo Cavallo will not be able to isolate his policies from the political fallout, How he will deal with them remains to be seen, And, meanwhile, the arms-sales scandal that is snaking its way through the courts may turn out to be a problem that involves him too.
	www.worldtribune.com /worldtribune/WTARC/2001/c05-02.html (442 words)

	Argentina's Revolt
		Adding insult to injury, Cavallo and de la Rua later siphoned off $3.5 billion from state pension funds to make a payment on the external debt, resulting in delayed benefits for some 1.4 million retirees and their families.
		Cavallo's attempt on October 16-17 to exchange high-interest debt for new loans at much lower rates led Standard and Poor's to declare Argentina already in default.
		The currency peg-a brainchild of none other than Domingo Cavallo during his first stint as economy minister under former president Carlos Menem-has been credited for taming Argentina's hyperinflation of the late 1980s, as well as for creating a climate of stability that led to growth in the early and mid-1990s.
	www.thirdworldtraveler.com /South_America/Argentinas_Revolt.html (5964 words)

	ZNet Commentary: Argentina: The demise of neoliberal economics?
		Colorful chants peppered with plenty of insults were directed at finance minister Domingo Cavallo, then-president Fernando De la Rúa, ex-president Carlos Menem, the Supreme Court, and the entire political class.
		The cornerstone of Cavallo's policy package was a currency board system that pegged the Argentine peso to the US dollar on a one to one exchange rate.
		Cavallo continued with the brutal austerity and adjustment policies of his predecessor.
	www.zmag.org /sustainers/content/2002-01/20cibils.cfm (2004 words)

	Hispanic Business Journal
		Cavallo as the architect of the economic crisis of Argentina.
		The former minister answered by admitting that he did indeed bear some responsibility but insisted on the point that he intended to bring to his audience that the collapse was caused by a series of unexpected developments related to the ever unpredictable vicissitudes and fluctuation of the currencies.
		In his speech in Philadelphia, Domingo Cavallo explained that one of the immediate solutions to Argentina's problems was to restore faith in the system by releasing the bank accounts frozen by the government and pegging the peso to the dollar and the euro.
	www.phbj.com /web/articles/vol3_n5/warthon_forum.htm (564 words)

	The Daily Princetonian - Speaking out about Princeton's guest lecturers
		Cavallo is not merely a bad policymaker; he is an authoritarian and an alleged criminal.
		Cavallo was jailed for three months in 2002 for allegedly smuggling arms to Peru and Croatia while he was Economy Minister during the 1990s.
		Cavallo uses opportunities like these to try to escape the social opprobrium (and possible criminal investigations) that await him in Argentina, where he is widely despised.
	www.dailyprincetonian.com /archives/2003/11/25/opinion/9212.shtml (685 words)

	Cavallo To Argentina's Rescue - Forbes.com (Site not responding. Last check: 2007-11-03)
		Domingo Cavallo stepped in as Argentina's third economy minister in the last three weeks, taking over from Ricardo Lopez Murphy, who served a controversial two weeks before resigning Monday after outraged opposition to his ambitious cost-cutting plans.
		Cavallo served as economy minister in 1991 and guided the economy out of a period of hyperinflation and spiraling currency devaluation, becoming a Wall Street darling in the process.
		Cavallo, a Harvard-trained economist, firmly believes the only way to turn things around is by slashing government spending, cutting taxes, reforming labor groups, streamlining business regulations and through a supply-side injection of capital into the economy.
	www.forbes.com /2001/03/22/0322argentina.html (742 words)

	AEI - Short Publications
		Domingo Cavallo is perhaps one of two or three genuine celebrity economists in the world today--and no wonder.
		Cavallo is writing with an eye on history, but he is also out to settle some old scores.
		But Cavallo asserts that during his time in government, the lack of strong political support for transparency and the corruption that crippled the country's judicial system kept Argentina from realizing the full fruits of reform.
	www.aei.org /publications/filter.social,pubID.8189/pub_detail.asp (605 words)

	NotiSur - Latin American Political Affairs; November 1, 1996
		Cavallo said that, at a meeting while he was part of the cabinet, Corach wrote on a napkin the names of the judges who would unconditionally follow his suggestions.
		Cavallo also said that, in a meeting with Menem, Alberto Kohan, general secretary of the presidency, admitted he was aware of bribes paid in a case involving US-based IBM and the state-run Banco de la Nacion Argentina (see NotiSur, 02/16/96).
		Cavallo accused the paper of taking his remarks out of context, and insisted that he was in no way suggesting that Menem leave office early.
	ssdc.ucsd.edu /news/notisur/h96/notisur.19961101.html (3352 words)

	The Economist (Site not responding. Last check: 2007-11-03)
		DOMINGO CAVALLO is a clever man, but he is now clutching at straws.
		Worse still, Mr Cavallo has confirmed the impression that the rigid exchange-rate peg between the peso and the dollar, which he introduced in 1991 and which has for a decade been the keystone of Argentina’s economic policy, is no longer sacrosanct.
		But the sad irony of Mr Cavallo’s appetite for them is that he is undermining the transparency and predictability that were the essential strengths of the rule-based currency-board system that he himself created.
	mmm.economist.com /partners/avantgo/current/editorials_3.html (589 words)

	Al-Ahram Weekly \| International \| Mingo's new songsheet (Site not responding. Last check: 2007-11-03)
		Domingo Cavallo, Mingo to his friends, the architect of Argentina's "convertibility plan" which is widely credited with annihilating hyperinflation, is back at the helm of the Ministry of Economics at a critical moment for Argentina's economy.
		Though Cavallo had openly flirted with factions of the opposition Peronist Party, de la Rua reckoned that Cavallo's record and international prestige would come in handy at such a critical moment for the economy.
		It is plain that Cavallo has to play to two audiences: foreign investors and the long-forgotten Argentines themselves, who must be led out of the doldrums if the economy is ever to recover.
	weekly.ahram.org.eg /2001/529/in4.htm (913 words)

	Who is Cavallo
		At the end of this government, Domingo Cavallo became Director of the Central Bank of Argentina (Banco Central de la República Argentina), where he implemented financial policies that allowed Argentina’s main private enterprises to transfer their debts to the state, transforming their private debt into public obligations to be paid by the Argentine people.
		Between 1989 and 1991, Domingo Cavallo was the Minister of Foreign Relations.
		Cavallo, who had been elected Congress Representative for the City of Buenos Aires in 1997, was appointed Minister of Economy once again in March 2001.
	www.hemi.nyu.edu /eng/events/who.html (647 words)

	Diablo Domingo
		Cavallo had been the principal figure in shaping the economic policies that eventually brought about the meltdown of the Argentine economy at the end of 2001.
		Cavallo was the finance minister of Argentina in two periods.
		This might be ascribed to Cavallo's incompetence or to his blind adherence to the dictates of the International Monetary Fund -- only he knows for sure.
	www.citypaper.net /articles/2002-12-12/slant.shtml (778 words)

	SternBusiness Spring/Summer 2003
		DOMINGO CAVALLO: When a domestic currency has to compete with foreign currencies you have to create some credibility so you need a tutor.
		CAVALLO: I d argue that the illusion that Argentina had that we were saving dollars is exactly the same illusion that people in Texas had that they were saving in dollars after the collapse of the price of oil in the late 1980s.
		CAVALLO: But they went bankrupt in spite of the fact that the dollar was the American currency.
	www.stern.nyu.edu /Sternbusiness/spring_summer_2003/argentina.html (2090 words)

	CNN.com - Argentina ex-economy minister held - April 3, 2002
		Cavallo was regarded as a giant of Latin American finance until he fell from power last year amid the country's economic crisis.
		Cavallo was economy minister under then-President Carlos Menem when the arms-smuggling case surfaced in the 1990s.
		He and Cavallo deny charges that they sold arms to Croatia in 1991 and 1993, when the warring Balkan state was under a U.N. arms embargo.
	archives.cnn.com /2002/WORLD/americas/04/03/argentina.arrest/index.html (530 words)

	NotiSur - Latin American Political Affairs; September 8, 1995
		Cavallo's remarks prompted speculation that he might be forced to resign, which in turn caused uneasiness in business and financial circles.
		Cavallo is the architect and manager of Argentina's free-market economic plan, which has won praise abroad but also brought record unemployment and increasing social problems at home.
		Cavallo made the remarks as rumors intensified that opposition to his tough austerity measures was growing within the administration and that he might be forced to resign.
	ssdc.ucsd.edu /news/notisur/h95/notisur.19950908.html (3059 words)

	americas.org - Economy Minister Forges Plans (Site not responding. Last check: 2007-11-03)
		On March 23, the nation’s congress granted Economy Minister Domingo Cavallo unprecedented powers and approved most of his economic proposals, including a hike in the consumer-goods tax and a decrease in the capital-goods tax, in an effort to bolster and protect Argentine industry.
		But Cavallo, appointed to the post March 19 by President Fernando de la Rúa, failed to convince the congress to let him privatize agencies, reduce government salaries and alter labor codes.
		Cavallo’s new plan would peg 50 percent of the peso’s value to the dollar and 50 percent to the euro, the European Community currency.
	www.americas.org /item_9928 (223 words)

	CAVALLO.COM.AR - El sitio de Domingo Cavallo
		Domingo 27 de Noviembre de 2005 - 06:54:14 AM La periodista de América 24 Denis Pesana, entrevistó al Dr. Domingo Cavallo, quien comparó su gestión con el actual modelo económico.
		Domingo 13 de Noviembre de 2005 - 08:03:14 PM Es común escuchar en los medios que la ley de Solidaridad Provisional de 1995 eliminó la movilidad de las jubilaciones y que ésta se va a lograr sólo luego de que se declare, caso por caso, la inconstitucionalidad de aquella norma.
		Domingo 02 de Octubre de 2005 - 05:45:37 PM Participando de un ciclo de conferencias organizadas por la UCES, el Dr. Domingo Cavallo interpretó el escenario económico argentino.
	www.cavallo.com.ar (662 words)

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