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...

This paper examines the early months of trade in goods between the United Kingdom and European Union in the aftermath of Brexit. Controlling for product-time and partner country effects across all European bilateral trade flows, we isolate the contribution of Brexit on trade in the first half of...

This paper examines the early months of post-Brexit trade flows in goods between Ireland and the United Kingdom. Controlling for product-level time effects across all global trade partners, we isolate the contribution of Brexit to trade in the first eight months of 2021 from other potential...

The paper analyses bank profitability in a sample of UK commercial banks during the period 2007–2018. The models measuring profitability include as dependent variables the Return on Average Assets (ROAA), Return on Average Equity (ROAE) and Net Interest Margin (NIM) while explanatory variables...

This paper studies the effects of the June 2016 United Kingdom European Union membership referendum and the subsequently triggered article 50 on 43 major developed and emerging stock markets. Specifically, on a bivariate basis, we use dependence dynamics through copulas with regime switching of...

In her speech at the 2016 Conservative Party Conference, Theresa May promised to make Britain, once again, 'a sovereign and independent country'. The goal is ambitious. By withdrawing from EU supranational integration, May expects the UK to regain the freedom traditionally enjoyed by nation...

Doubtless Brexit is one of the most important regulatory challenges for an entire country since the beginning of the XXIst century. Equally important are the implications in terms of costs and benefits of such democratic decision on the UK's economy and for its regulatory environment. So far,...

In June 2016, British voters did the unthinkable: by a narrow margin, they voted for the United Kingdom to leave the European Union. While this referendum was not legally binding, the new British Prime Minister, Theresa May, has left no doubt that she will abide by the outcome and declare the...