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How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability of...
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The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration … agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed … and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
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Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the … expect to gain or lose from Brexit and which are most affected by Brexit uncertainty. We then estimate effects of the … different types of Brexit exposure on firm-level outcomes. We find that the impact of Brexit-related uncertainty extends far …
Persistent link: https://www.econbiz.de/10012174656
This study assesses the impact of the uncertainty caused by Brexit, on both the UK and international financial markets … financial markets are by nature highly interlinked, one might expect that the uncertainty engendered by Brexit also has an … impact on financial markets in several other countries. By analysing the impact of Brexit on financial markets, we might also …
Persistent link: https://www.econbiz.de/10011570794
This study assesses the impact of Brexit uncertainty on the UK and also on international financial markets, for the … the UK might be negatively affected, one may expect that the (uncertainty about) Brexit does not only have an impact on … financial markets in Britain. By analyzing the impact of Brexit on financial markets, we might also get some insights about …
Persistent link: https://www.econbiz.de/10011582007