The Economic Effects of Brexit: Evidence from the Stock Market
We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors’ expectations about the effects of leaving the European Union on the UK economy. Our results suggest that initial stock price movements were driven by fears of a cyclical downturn and by the sterlin...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing Ltd
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |