Central bank missteps are Emerging Europe's main risk

Record foreign holdings of Emerging Europe debt pose the risk of a sudden sell-off from exchange traded funds

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Apathy will weaken Central African bloc's rescue plan

Central African Economic and Monetary Community (CEMAC) members' commitment to IMF-imposed reforms is mixed

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Euro strength makes unwinding policy more important but the ECB will tread carefully as financial markets are vulnerable

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Oil fund assets cushion the budget against shocks, buying some time for structural reforms

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Modest second-quarter growth was led by household consumption

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Czech rate rises will almost certainly form part of a wider regional tightening cycle, as in the pre-2008 period

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Gulf Arab sovereign wealth funds face an extended period of retrenchment and institutionalisation

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The Jackson Hole retreat proved light on future policy insights but revealed difficult trade-offs

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The central bank plans a massive increase in the circulation of bond notes

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The Swiss economy is adapting to a stronger franc and benefiting from the euro-area recovery

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