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Meet John H. Welch

John H. Welch

John H. Welch

CEO-Founder of Research for Emerging Markets (REM), Inc.

Adjunct Professor – Universidade Presbiteriana Mackenzie, Nova Business and Economics, Keiser University, and Florida Christian University

John H. Welch is currently the CEO of Research for Emerging Markets Inc, a company he founded in 2019. Until recently, he was Executive Director at the Brazilian American Chamber of Commerce. Before coming to the Chamber, he was Managing and Chief Economist-LatAm and Brazil for HSBC. Dr. Welch held similar positions at CIBC, Macquarie Capital, Itaú-Unibanco’s International Wealth Management, Banco Itaú S.A, Bear Stearns. Lehman Brothers, West LB AG. Barclays Capital, and BNP Paribas. His primary responsibilities encompassed global sovereign and macroeconomic research with special emphasis on Latin American and Brazil. Before Wall Street, Dr. Welch served as senior economist with the Federal Reserve Bank of Dallas and was an assistant professor at University of Texas, Austin, University of North Texas, and Oakland University. In 2022, he was Research Fellow, Instituto de Pesquisa Economica
Aplicada in Brazil as part of a panel of experts managing foreign exchange reserves. He has published extensively in professional journals and edited books in addition to his own book entitled: Capital Markets in the Development Process: The Case of Brazil (University of Pittsburgh Press, 1993). Dr. Welch earned his Ph.D. in economics at the University of Illinois and his AB in economics from Columbia University.

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Recent Articles

  1. Can Argentina Dollarize? Of Course It Can

    John H. Welch

    Summary The new Milei administration signalled plans to dollarize the Argentine economy. Some think the central bank must accumulate USD to make this happen. The solution, however, is just a simple exercise in arithmetic: find the USD/ARS that equates gross foreign exchange reserves to the central bank’s monetary liabilities. The calculation comes to 885 Argentine […]

  2. Welcome to Inflation IV – What Is a Hawkish Pause? Data Dependant Guidance?

    John H. Welch

    The Fed’s ‘hawkish pause’ strikes me as confusing. If they plan to hike again, why wait? Or if they think they can stay on hold, doesn’t that bring dovishness into the picture? 

  3. Brazil – Spend, Tax, and Lend

    John H. Welch

    The new Lula administration finally outlined a new fiscal rule to replace the spending cap after months of negotiations and speculation.

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