Roque Fernández

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Roque Fernández
Roque Benjamín Fernández.jpg
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 (1947-04-30) April 30, 1947 (age 69)
Córdoba, Argentina
Nationality Argentine
Alma mater National University of Córdoba
University of Chicago
Signature

Roque Benjamín Fernández (born April 30, 1947) is an Argentine economist, former President of the Central Bank, and Economy Minister, as well as the only member of the Chicago Boys ever to have been the chief economic policy maker in Argentina.

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.

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. 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 the Economy on August 6, 1996, serving in that capacity until Menem's retirement on December 10, 1999.

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.

Fernández is currently Professor of Macroeconomic Analysis (graduate) and Macroeconomics I (undergraduate) at UCEMA. He was also visiting professor in the University of Southern California, Florida International University, Universidad de Chile, Universidad Católica de 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.

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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