Chapter 1
Introduction
The euro area remains in a state of flux and appears to be unsustainable in its present form. The outcome of the crisis may be unknown for years and a judgment on the project’s success or failure may be out of reach for decades.
In the meantime, analysts, portfolio managers and traders will still have daily, weekly, quarterly and annual benchmarks. They will have to analyze economic developments in the euro area and their impacts on financial assets. The objective of this book is to provide a framework for that analysis that is comprehensible to most financial market participants.
The book begins with a focus on coincident and leading economic indicators for the euro area. The former furnish information on the state of ...
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