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
Post Tagged with: "Europe"
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
By Chris Patten. Published on Project Syndicate on June, 24, 2016. OXFORD – Thursday night is said to have been momentous for those who campaigned to leave the European Union and turn Britain’s back on the twenty-first century. On that, at least, I can agree. As Cicero wrote: “O wretched andRead More