Summary of Policy Uncertainty and International Financial Markets

The Case of Brexit

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Policy Uncertainty and International Financial Markets summary
Brexit’s progression will bring continuing volatility to international financial markets.

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Britain’s eventual departure from the European Union will likely exert continuing negative effects on international financial markets, says this scholarly report from economists Ansgar Belke, Irina Dubova and Thomas Osowski. Their research finds that the ongoing ramifications of Brexit could damage the real economy of the United Kingdom and of other European nations in both the short and the medium term, with Greece, Ireland, Italy, Portugal and Spain feeling the most acute impacts. getAbstract suggests this rigorous and highly technical analysis to economists and policy makers.

In this summary, you will learn

  • Why Brexit will continue to fuel volatility in global financial markets and
  • What spillover effects Britain’s departure from the European Union will have in other member countries.
 

Summary

Uncertainty permeates the economic climate across Europe in the aftermath of the United Kingdom’s decision to leave the European Union. Financial market volatility, which spiked just after the June 2016 vote, has since normalized, but the pound sterling has declined in value. Trepidation about the evolution...
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About the Authors

Ansgar Belke and Irina Dubova are professors of economics at the University of Duisburg-Essen, where Thomas Osowski is a PhD candidate.


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