The Change in Corporate Behaviour.

World Economics Journal, Vol. 13, No. 4 Oct-Dec 2012., 1st October 2012 Key points • Corporate behaviour in the UK and US has changed so that the cash surplus of the business sector has become a structural rather than a cyclical phenomenon. • This has arisen because...

Toolkit for eurozone survival.

Central Banking Journal, 1st March 2012 The eurozone’s short-term outlook depends on markets, voters, bureaucrats and politicians. Its longer term future requires radical change. Andrew Smithers considers the conditions that are needed for the eurozone to...

“Behavioural Thoughts on Equity Valuation.”

The UK Society of Investment Professionals, 7th March 2007 Presentation by Andrew Smithers at UKSIP’s Professional Development Seminar on Current Issues In Equity, which was held at the Weaver Suite, 90 Basinghall Street, London EC2V 5AY. Full presentation:...

The Economic Consequences of Alan Greenspan.

Andrew Smithers & Stephen Wright. World Economics Vol 3 No. 1 January-March 2002, 1st January 2002 Introduction The current troubles of the US economy, and the prolonged problems in Japan, have both followed sharp falls in their stock markets. Whether central...