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Following the work of Ovsienko and Roger (Comm. Math. Phys. 273 (2007) 357-378) we study a new kind of deformation of loop Virasoro algebra. Using this new algebra we formulate the Euler-Poincaré flows on the coadjoint orbit of loop Virasoro algebra. We show that the Calogero-Bogoyavlenskii-Schiff equation and various other
Finally, we give an Euler-Poincaré formulation of one-parameter family of