Domingo Felipe Mingo Cavallo is an Argentine economist, politician. He has a long history of public service and is known for implementing the Convertibilidad plan, which fixed the dollarpeso exchange rate atbetween 1991 and 2001, which brought the Argentine inflation rate down from over 1,300 in 1990 to less thanin 1992 and nearly zero during the rest of the 1990s. Guided by his politics Argentina entered in one of the most difficult crisis in the history. He is also well known for implementing the corralito, which restrained savers from withdrawing the total amount of their own money from bank accounts, but allowed them to operate bank transactions and was followed by the December 2001 riots and the fall of President Fernando de la Ra. On 2015, he was sentenced for embezzlement, although he appealed. A definitive sentence still awaits.
Cavallo was born in San Francisco, Crdoba Province to Florencia and Felipe Cavallo, Italian Argentine immigrants from the Piedmont Region. He graduated with honors in Accounting and Economics at the National University of Crdoba, where he earned his Doctorate in Economics in 1970. He married the former Sonia Abrazin in 1968, and had three children. He would later enroll at Harvard University, where he earned a second doctorate in Economics in 1977.
Source: Wikipedia