NEW YORK, NY 10012-1126
212-998-0909 FAX: 212-995-4212
E-MAIL: tcooley@stern.nyu.edu

Paganelli-Bull Professor of Economics
and Richard R. West Dean

December 18, 2002

Professor Diana Taylor
New York University
Tisch School of the Arts
Performance Studies
721 Broadway, Rm. 621
New York, NY 10003

Dear Professor Taylor,

I am writing in response to your recent e-mail regarding Domingo Cavallo's appointment as a Distinguished Visiting Professor at NYU Stern.

Professor Cavallo was a visiting professor at NYU Stem for the 1996 -1997 academic year, and last spring we invited him to return in that capacity. While my predecessor extended the invitation, I completely support this decision. As former Finance Minister of Argentina, Professor Cavallo brings a unique perspective to our business students. NYU Stern is a school that prides itself on bringing the real world into the classroom, and Professor Cavallo's lectures give our students the rare opportunity to hear firsthand how economic policy decisions are made and the implications of those decisions.

Moreover, Professor Cavallo has participated in several open forums held on the NYU campus. For example, in late November he joined Mario Blejer, former Governor of the Central Bank of Argentina, for a panel discussion, A Retrospective on Argentina: Lessons from the Crisis, in addition to students and-faculty, members of the press were also invited to attend.

I respectfully submit that one of the most important roles the academy has is to offer a forum for the free and open debate of ideas. Professor Cavallo's presence at NYU Stern is in that tradition.



cc: Dean Richard Foley
Dean Matthew Santirocco
Dean Mary Schmidt Campbell
Dean Catherine Stimpson


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