[1] He earned a degree in Economics with honors at the Pontifical Catholic University of Argentina,[2] and in 1974, was brought on by La Nación, one of the nation's leading news dailies, as a financial columnist.

[3] He served as adviser to the State enterprise bureau during the Raúl Alfonsín Administration, and was hired by BCCI principal Ghaith Pharaon to manage debt-equity swaps for the bank, as well as portfolio investments that included the Park Hyatt Buenos Aires.

[8] Ultimately, however, Economy Minister Néstor Rapanelli's opposition to González Fraga's call for a floating exchange rate led the central banker to resign on November 24.

[9] These news added to concerns that the us$2 billion in new portfolio investment envisaged in July failed to materialize,[8] and amid a new currency crisis, Rapanelli himself resigned three weeks later.

Even as the nation's finances stabilized, his agenda in the ensuing months was topped by difficult repayment negotiations over mounting foreign debt arrears (which had reached us$6 billion by then),[11] as well as by ongoing investigations into securities fraud allegedly committed against the Central Bank by numerous institutions during the crisis.

[12] Revelations in January 1991 that Menem Administration officials had solicited bribes from beef processor Swift & Company, as well as a renewed currency crisis, led to the resignation of the entire economic team.

[18] He would influence a number of future policy makers in Argentina, including Martín Lousteau, with whom he wrote Sin Atajos ("Without Shortcuts")[19] in 2005,[17] and Débora Giorgi, who worked with González Fraga during his tenure at the Central Bank.