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	<title>EMU &#8211; RFR</title>
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	<link>https://richesflores.com</link>
	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>EMU &#8211; RFR</title>
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	<item>
		<title>Strong Buy Latvia!</title>
		<link>https://richesflores.com/2014/01/03/strong-buy-latvia-2/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 03 Jan 2014 17:52:05 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Monetary Policy]]></category>
		<category><![CDATA[EMU]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Latvia]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=2627</guid>

					<description><![CDATA[6%, the hypothetical differential with EMU 17 nominal interest rates required by Latvia to accompany its economic convergence over the next quarter century.<br/>
+ 6: That’s how many countries have joined the European Monetary Union since 2007. At the rate we’re going, the EMU could expand from 18 to 25 members within ten years, or even more—unless, of course, it sheds a few and actually shrinks. But who’s to know, and how to know, where such a deeply dysfunctional currency bloc is heading?<br/>
Latvia’s EMU membership offers a good opportunity to step back and focus on a crucial underlying issue often overlooked by economists: fast-tracking insufficiently developed economies into the currency bloc is irresponsible policy. ]]></description>
		
		
		
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		<title>Scenario 2013-2014: The Financial Crisis, Act III…and Epilogue?</title>
		<link>https://richesflores.com/2013/10/14/scenario-2013-2014-the-financial-crisis-act-iiiand-epilogue/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 14 Oct 2013 16:20:39 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[FORECASTS]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[emerging countries]]></category>
		<category><![CDATA[EMU]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[USA]]></category>
		<category><![CDATA[World Growth]]></category>
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					<description><![CDATA[New round of central bank liquidity injections worldwide

The U.S. economy can’t do without Fed support
The euro area is out of recession, but bank sector and sovereign issues remain
The Fed, BoJ, BoE and ECB continue to nurse ailing economies
Continued low interest rates are not enough to dispel emerging risks

The momentum driving global trade has been undermined for the foreseeable future
China can no longer act as the global engine of growth
Foreign exchange rate adjustments appear inevitable
Is inflation, end-point of the financial crisis, around the corner? 

New round of liquidity injections, currency crises, geopolitical tension, labor unrest…
… Inflation remains the most likely scenario, but the path ahead is unclear]]></description>
		
		
		
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