Coldwater Economics was founded in 2008 by Michael Taylor,  a British economist with extensive knowledge of Asia, with particular working experience of China and Japan.

He arrived in Hong Kong in 1988, initially working for the Far Eastern Economic Review, as deputy business editor and later Investment Writer. In  1992 he joined Morgan Stanley in Hong Kong, serving as their (regularly ranked) Asia Economist, covering Asia excluding Japan.  In 1997 he joined Indosuez WI Carr as Chief Economist in Hong Kong, overseeing a team of economists from Japan to New Zealand to Pakistan.   

Still in that role, in 1999 he moved to Tokyo where in addition to his Economist duties, he re-opened an equity research office as Head of Research. 

In 2003 he returned to Hong Kong as Equity Economist for Deutsche Bank, serving equity clients and sitting on the equity department’s equity promotion board, which attempted to raise the quality of equity research the firm produced.

Since 2004 he has been based in the UK and in 2008 he started Coldwater Economics Ltd, to provide independent economic research.  Clients include investment banks and hedge funds worldwide.