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...

This article examines the impact of the Brexit process on security policy and related political discourse in Central and Eastern Europe. Developments related to the Brexit process are considered in its two-fold dimensions: direct impact, on the European Union, and indirect effect, on UK's...

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

Could Brexit be void, and article 50 notification annulled, because of illegality and irregularity in the vote? This paper discusses the implications of three major reports issued in July 2018. First, the Electoral Commission found that ‘Vote Leave' officials were guilty of criminal offences...

Policy-makers in the European Union (E.U.) have been concerned for the past decade that large volumes of euro-denominated transactions are cleared by central counterparty clearing houses (CCP) located outside of the eurozone, in particular by LCH.Clearnet in the United Kingdom (U.K.). The...

Over the last few years an hypothesis of referendum about the presence in European Union (EU) was emerging in the United Kingdom (UK) based on several political and economic problems around Europe. Nowadays, the EU is the UK's largest trade partner. For this reason, ‘Brexit' would lower trade...

The United Kingdom's potential exit from the EU poses a number of macroeconomic risks. Considering the overall growth of uncertainty, the recession in the UK cannot be ruled out. The decline in capital inflows to the UK economy can be predicted, which could pose a threat to the stability of the...