Greek Banks: A Gift Horse or a Value Trap?

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Thematic (Sector/Industry)

<h2><strong>Escaping the fiscal straitjacket</strong></h2><p>A common monetary policy without fiscal union has shown its limits in the Eurozone since the aftermath of the last financial crisis.</p><p>As nominal foreign exchange rates in the region cannot adjust individually, but are fixed to the Euro instead, the burden of adjustments to any country’s crisis in international payments shifts from the depreciation of its exchange rate to a downward adjustment of price and wage levels, forcing lengthy and painful corrections.</p><p>As we…</p>

Escaping the fiscal straitjacketA common monetary policy without fiscal union has shown its limits in the Eurozone since the aftermath of the last financial crisis.As nominal foreign exchange rates in the region cannot adjust individually, but are fixed to the Euro instead, the burden of adjustments to any country’s crisis in international payments shifts from the depreciation of its exchange rate to a downward adjustment of price and wage levels, forcing lengthy and painful corrections.As we…

Can Securitization Fix Europe's North / South Imbalance