1. FRANCISCO J. LARIOS, PH.D.
16062 SW 43
rd
Terrace ♦ Miami, FL 33185 ♦ Cell: 305.788.6681 ♦ franjlarios@comcast.net
GLOBAL EMERGING MARKETS ECONOMIST / STRATEGIST
Expertise in managing the production and delivery of financial, political and economic
information for investment decisions
Summary.
Efficiently manages research teams to develop a framework for fixed income, currency and equity
investments, delivering alpha generating top-down insights and risk profiles.
Successfully applies methodologies rigorously anchored in macroeconomics but which also include a
focus on political and policy trends to perform data-driven analysis of markets, countries, regions and
global trends.
Expert knowledge of a large array of economies: Latin American including but not limited to Mexico,
Brazil, Argentina, Venezuela, Ecuador; Asian including China, India , Korea, Indonesia; European
emerging markets including Turkey, Russia, Poland. (Please see Addendum for partial list of reports and
research.)
Succesful, efficient communicator, both in writing and orally, in English and Spanish, with vast
experience presenting to decision-makers in large and small groups, in the US, Latin America and Europe.
Enthusiastic self-starter and efficient team player, manager and product developer, including risk
models and publications.
CORE COMPETENCIES
♦Research Coordination and Management
♦Product Development♦ Client Relationship Management
♦ Sales & Marketing
♦ Macroeconomic, Policy and Risk Analysis ♦Political and Geopolitical Analysis
♦ Global Asset Allocation ♦Fixed Income and Currency Markets
♦Fluent in Spanish and Portuguese. ♦Reading knowledge of French.
2. EXPERIENCE & ACHIEVEMENTS
DECISION ECONOMICS, INC., HQ IN BOSTON, MA ♦ 2001 –NOV 2015
Chief Emerging Markets Economist & Strategist
Directed the Decision Economics Emerging Markets team of up to 5 economists and strategists
accountable for delivering coherent strategic views of the global economy, incorporating a rigorous study
of national economies and markets, political and geo-political shifts, and comparison across regions and
countries.
Delivered strategic financial and economic research and views for use in global investments decisions
through direct communications with 25 major institutional clients, as well as 300 subscribers via email. Met
with prospective clients, driving new revenues while enhancing retention with existing clients.
Communicated views and research results through customized and intensely interactive (frequent 1-on-1
or group phone presentations, individualized emails and visits) and through frequent written publications.
Functioned as media contact for active sales and marketing support in the U.S. and Europe.
FRANCISCO J. LARIOS, PH.D. ♦ Cell: 305.788.6681♦ franjlarios@comcast.net Page Two
Continued….
STANDARD & POOR’S DRI, LEXINGTON, MA ♦ 1995 - 2000
Senior Emerging Markets Economist
Senior member of the World Markets group for macroeconomic forecasting and risk analysis of Emerging
Markets. Macroeconomic forecasting, client presentations, development of Standard & Poor’s DRI country
risk models. Covered Japan and emerging Asia from 1998 through 1999. Developed joint ventures with
Mexican financial-information firms.
RELATED INSTRUCTOR & CONSULTING EXPERIENCE
MIAMI DADE COLLEGE, MIAMI, FL ♦ 2015 - PRESENT
3. Lecturer of Economics and Finance
Teaching undergraduate economics courses.
HUIZENGA SCHOOL OF BUSINESS, NOVA SOUTHEASTERN UNIVERSITY, FORT LAUDERDALE, FL ♦ 2009 -
PRESENT
Adjunct Lecturer of Economics and Finance
Teach Economics in MBA program, Monetary Theory and Policy in undergraduate program.
ANDREAS SCHOOL OF BUSINESS, BARRY UNIVERSITY, MIAMI SHORES, FL ♦ JANUARY 2009 – MAY 2009
Lecturer of Finance
Taught Financial Statement Analysis and Managerial Finance.
PUBLIC SECTOR MANAGEMENT PROGRAM, CENTRAL AMERICAN INSTITUTE OF BUSINESS ADMINISTRATION,
MANAGUA, NICARAGUA ♦ JUNE 1994 – NOVEMBER 1994
Visiting Professor
Taught International Economics and Finance.
EDUCATION
Ph.D. in Economics, Florida International University
REFERENCES
• Nariman Behravesh, Ph.D., Chief Economist, IHS Global Insight, +1 781 354 7913
• Jeff Brummette, Chief Investment Officer, OneWall Advisors, London, UK, +44 20 3205 3350
• Christopher Probyn, Ph.D., Chief Economist, State Street Global Advisors +1 617 786 3000
• Peter A. Sullivan, CPA, CFA, Managing Director, International Fixed Income, Liberty Mutual Group
Asset Management Inc. +1 617 654 3937
• Robert Cruz, Ph.D., Chief Economist, Florida Tax Watch Research Institute, +1 850 222 5052
• John Blank, Ph.D., Chief Equity Strategist at Zacks Investment Research +213-248-5899
4. Francisco J. Larios, Ph.D.
16062 SW 43
rd
Terrace ♦ Miami, FL 33185 ♦ Cell: 305.788.6681 ♦ franjlarios@comcast.net
ADDENDUM
Reports & Research (Partial List)
A Few Thoughts on China’s Stock Market Gyrations—July 7, 2015
Greece, China and the EMs—Is a Crisis Coming?—June 29, 2015
Asian EM Trade: Worsening—Some Implications—June 25, 2015
Turkey’s Monetary Policy: a Long Pause? –June 24, 2015
India’s Monetary Policy: Further Easing Ahead?—June 2, 2015
Brazil’s Q1 GDP: Recession Deepening—May 28, 2015
Mexico’s Q1 GDP: Modest, Steady—and a Few Hopeful Signs—May 21, 2015
Emerging Markets: Some Thoughts on the Outlook—April 9, 2015
China’s February Data: Is the Slowdown Intensifying?—Policy Implications—March 12, 2015
Russia: A Policy Turnaround?—January 30, 2015
Russia: Recession—Default?—December 16, 2014
China’s November Data: Further Deceleration?—December 12, 2014
A Few Thoughts on Brazil’s Elections (II)—November 21, 2014
The Emerging Markets Slowdown: A Recap—October 20, 2014
Emerging Markets: Losing Ground—Some Thoughts and Forecasts—August 12, 2014,
Latin America: Stagnation or Recovery?—Some Thoughts and Forecasts—May 5, 2014
China: Increasing Risks—March 18, 2014
Turkey’s Monetary Policy: Further Tightening?—October 29, 2013
Brazil’s Monetary Policy: How Much Tighter? –October 11, 2013
Mexico’s Real GDP growth: Good News, Bad News—September 23, 2013
India’s Economy: A Crisis?—August 20, 2013
5. Turkey: Is Monetary Policy Too Easy?—August 5, 2013
Korea: Bottoming Out?—July 25, 2013
India’s Monetary Policy: A Stagflation Dilemma?—April 15, 2013
Mexico’s Retail Sales and Monetary Policy—January 14, 2013
India GDP: A Cyclical Bottom?—November 14, 2012
China: Trade Data modestly constructive (Do Other Emerging Markets Matter?)—October 15, 2012
China: A Turning Point?--July 13, 2012
Mexico: A Case of “Show Me the Money”—July 3, 2012
India: Is the RBI Behind the Curve? (II)--May 31, 2012
Argentina: Some Potential Consequences of the YPF Takeover—April 18, 2012
Brazil: Recession? (III)—April 3, 2012
Turkey: Monetary Policy Easing?—February 12, 2012
Korea’s GDP: Anemic, Vulnerable.—January 26, 2012
Brazil: Recession?--December 6, 2011
Korea’s GDP Growth: Stable, Sub-par, Vulnerable--October 27, 2011
China: PMIs, Industrial Activity and Policy--July 21, 2011
Korea’s Monetary Policy: is there really a “war on inflation”?--June 10, 2011
Turkey: Is the current central bank strategy sustainable?--May 27, 2011
Mexico: GDP Slows in First Quarter--May 19, 2011
Turkey: How Vulnerable?--January 13, 2011
Korea’s GDP Growth: Stable, Sub-par, Vulnerable--October 27, 2011
China: A Few Words on Trade and Policy--October 13, 2011
Korea’s Monetary Policy: is there really a “war on inflation”?--June 10, 2011
Turkey: Is the current central bank strategy sustainable?--May 27, 2011
Mexico: Unimpressive Recovery Points to Potential Monetary Policy Easing--November 24, 2010
6. China’s Accelerating Economy: Is a Real Estate Bubble Developing? Policy and Market Implications--
February 5, 2010
Asia’s Near-term Recovery and Long-term Adjustment: Implications for Real Estate and Other Domestic
Activities--November 30, 2009
Brazil versus Central Europe: A Few Notes on Sovereign Risk. November 19, 2009.
Brazil: The New Tax on Capital Inflows is Unlikely to Have Major Effect. October 21, 2009.
China: The Export-Weak Recovery and the Long March to Normalization. October 14, 2009
Emerging Markets: The Next Phase. October 9, 2009.
Turkey: Monetary Policy and Growth Outlook. September 18, 2009.
South Korea: A V-Shaped Recovery? July 24, 2009
China’s Stimulus Plan: Off to a Good Start. July 16, 2009
Brazil’s GDP: Is a V-Shaped Recovery in Store? June 9, 2009
Emerging Markets after the Crisis: Removing the Proverbial Punch Bowl. May 4, 2009.
China and India: Where Has the Consumer Gone? June 30, 2009
Mexico: Swine Flue Epidemic. April 27, 2009.
Emerging Markets after the Crisis: Removing the Proverbial Punch Bowl. May 4, 2009.
A Few Thoughts On Recent Emerging Markets Data: Has The Recession Bottomed? May 27, 2009
Brazil: Monetary Easing Likely to Accelerate. March 10, 2009
China: Industrial Output, Sales, and the Stimulus Program. March 12, 2009.
South Korea: A Light at the End of the Deep Tunnel. April 24, 2009
China and India: Contrasting Global Crisis Consequences and Policy Responses, February 20, 2009
Malaysia’s inflation and Bank Negara’s policy. July 23, 2008
Emerging Markets: Trends, Risks, Investment Themes. July 8, 2008
The Spreading Credit Crisis: What EMGs are more vulnerable? September 9, 2008
Some notes on Chinese banks´ exposure to US financial problems. September 18, 2008
7. Emerging Markets: Is a Recession in the Horizon? September 22, 2008
Emerging Markets Currencies, Debt and Financial Risk after the October Crash. October 20, 2008
US Fed Swap Lines for Key Emerging Markets. October 28, 2008
Some Potential Consequences of China’s Economic Stimulus Package. November 10, 2008
Indonesia: Will Its Economy Outperform Emerging Asia? November 17, 2008
Taiwan: Indicators Show Deepening Slump. November 24, 2008
Taiwan: Economy in Recession. November 20, 2008
Philippines: Economy Remains Resilient, Central Bank Eases. January 29, 2009
India: Will Monetary Policy and Oil Prices Choke Expansion? U.S., Global, and India Economic and Market
Perspectives-- July, 2006
India: Economy Surprises on the Upside, But Equities Might Continue to Languish, U.S., Global, and India
Economic and Market Perspectives. June, 2006
Indian Stocks: fundamentals are strong, but risks are on the rise, U.S., Global, and India Economic and
Market Perspectives. May, 2006
India: Will The RBI Postpone Tightening? U.S., Global, and India Economic and Market Perspectives--
January, 2007
Brazil—Why a Near-Term Sovereign Default Is Unlikely; What Could Still Trigger It. October 2002
Turkey: The Elections and Political Risk. September 13, 2002
Hong Kong: Short and Medium Term Risks Increasing. August 23, 2002
The Impact of Japanese Macroeconomic Policy on Emerging Asia. February 15, 2002
Korea: Corporate Reform and the Elections. May 3, 2002
Emerging Markets: Likely Winners And Losers in The Aftermath of The U.S. War Against Iraq. March 19,
2003
Philippines: Central Bank Keeping Policy Options Open. May 6, 2005
Focus on South African Monetary Policy Outlook. June 10, 2005
8. Czech Koruna: Economic Fundamentals Cloud The Horizon. November 22, 2003
Emerging Markets: Likely Winners And Losers in The Aftermath of The U.S. War Against Iraq. March 19,
2003
Turkey: The Elections and Political Risk. September 13, 2002
Argentina: The End of Convertibility—Will The New System Last? January 4, 2002
Thailand: An Update On Economic Trends And Macroeconomic Policy. August 8, 2001
Hungary: An Update. December 10, 2001
Argentina: Summary Overview of the Likely Outcomes and Consequences of the Crisis. July 30, 2001
Argentina: Why the Cavallo Plan Will Fail. May 21, 2001
