In order to diversify their risks, firms facing increased demand uncertainty in their domestic market may choose to increase their investment abroad by transferring production to the more stable host economies. Using a gravity model, we test the assumption that foreign direct investment is...

This note develops four alternative estimates of the trade-related impacts of the United Kingdom seceding from the European Union. We contrast two basic scenarios: an exit that re-sets the UK's relationship with the rest of the EU to a WTO-rules most favoured nation basis (“Brexit”), versus...

The purpose of this research is to assess the impact of Brexit on the global financial markets, i.e.: i) the impact of ‘passporting', ii) the third-country access, iii) the impact on financial services contracts, and iv) briefly on Fintech