Roque Fernández

Roque Fernández
Roque Fernández
Minister of Economy of Argentina
	In office; August 6, 1996 – December 10, 1999
Preceded by	Domingo Cavallo
Succeeded by	José Luis Machinea
President of the Central Bank of Argentina
	In office; February 5, 1991 – August 4, 1996
Preceded by	Javier González Fraga
Succeeded by	Pedro Pou
Personal details
Born	April 30, 1947 (age 77); Córdoba, Argentina
Alma mater	National University of Córdoba; University of Chicago
Signature

Roque Benjamín Fernández (born April 30, 1947)^{[citation needed]} is an Argentine economist, former President of the Central Bank^{[citation needed]} and Minister of Economy,^[1] and the only member of the Chicago Boys ever to have been the chief economic policy maker in Argentina.

He takes part in Javier Milei's presidential campaign in 2023.

Early years

Fernández was born in Córdoba, Argentina, and holds a CPA from the National University of Córdoba and a PhD in economics from the same university. In 1973 he obtained a scholarship from the Ford Foundation and went on to earn a PhD in economics from the University of Chicago in 1975.

Academics

Since its foundation in 1978, he has been a member of the Board of Directors and Faculty of the Universidad del CEMA, where he taught monetary theory.

Central Bank

Fernández was appointed president of the Central Bank of Argentina on February 5, 1991, by recommendation of the new Economy Minister, Domingo Cavallo.

As such, he was instrumental in managing the Argentine Currency Board that served as a guarantor of Cavallo's Convertibility Plan in its early years, and which helped maintain a 1:1 parity between the Argentine peso and the US dollar.

He remained at the post until August 4, 1996, when President Carlos Menem removed Cavallo following a political dispute, and Fernández became Minister of Economy on August 6, 1996, serving in that capacity until Menem's retirement on December 10, 1999.

Minister of Economy

During his tenure, Fernández earned plaudits for helping maintain a steady exchange rate and zero inflation, and doing so despite repeated international shocks, such as the Mexican, Asian, and Russian financial crises.

Return to academics

Fernández is currently professor of macroeconomic analysis (graduate) and macroeconomics I (undergraduate) at University of CEMA. He was also visiting professor in the University of Southern California, Florida International University, University of Chile, Pontifical Catholic University of Chile, and has worked as a consultant and economist for the World Bank and the International Monetary Fund.

His major areas of interest are banks, financial systems in developing nations, fiscal and monetary policy, exchange rate policy, balance of payments and financial crisis.

As a researcher, he is author of several books and publications, including articles in the American Economic Review and Journal of Political Economy. He is a member of the Academia Nacional de Ciencias Economicas.

References

^ "Statement by Mr. Roque B. Fernandez Minister of Economy and Public Works and Services of Argentina Fifty-third Meeting of the IMF Interim Committee".

External links

Statement by Mr. Roque B. Fernández at the IMF meeting in 1999
Roque Fernández at IDEAS
Roque Fernández in Fortuna Magazine
Appearances on C-SPAN

Preceded by Javier González Fraga	President of the Central Bank of Argentina 1991–1996	Succeeded by Pedro Pou
Preceded by Domingo Cavallo	Minister of Economy 1996–1999	Succeeded by José Luis Machinea

[1] "Statement by Mr. Roque B. Fernandez Minister of Economy and Public Works and Services of Argentina Fifty-third Meeting of the IMF Interim Committee".

[1]