By Joshua Tucker. Published on June 30th on The Washington Post. Despite the results of the Brexit referendum, some are still questioning whether Britain will actually leave the European Union. At the moment, no one knows for what sure will happen, especially given the current chaotic state of British politics, and this postRead More
Post Tagged with: "Brexit"
The UK is a country of just 242 thousand square kilometers (compared to Mexico’s 1.9 mn, Argentina’s 2.7 mn and Brazil’s 8.4 mn) located about 7,000 km from Barbados and more than 7,500 km from anywhere on the mainland of Latin America (it’s just over 7,500 km from London toRead More
By Carmen Reinhart. Published in Project Syndicate on June 29, 2016. CAMBRIDGE – The United Kingdom’s Brexit referendum has shaken equity and financial markets around the world. As in prior episodes of contagious financial turmoil, the victory of the “Leave” vote sent skittish global investors toward the usual safe havens.Read More
By Ben Bernanke. Originally published in Brookings on June 28th. After several days of market upset, a few reflections on last week’s momentous vote in Great Britain. Even more obvious now than before the vote is that the biggest losers, economically speaking, will be the British themselves. The vote ushersRead More
By Simon Wren-Lewis. Published in the blog Mainly Macro on June 25, 2016. Mediamacro love their focus on ‘the markets’, and this leads to talk that makes Brexit sound like a major financial crisis. It almost certainly is not that. Impact on the UK economy At the heart of BrexitRead More
By Kenneth Rogoff. Published on Project Syndicate on June 24, 2016. CAMBRIDGE – The real lunacy of the United Kingdom’s vote to leave the European Union was not that British leaders dared to ask their populace to weigh the benefits of membership against the immigration pressures it presents. Rather, itRead More