Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Trani, … - 2021
This paper applies long-memory techniques (both parametric and semi-parametric) to examine whether Brexit has led to … Brexit referendum, and find an increase in the degree of persistence in all cases except for the British pound-yen IV, whose … persistence has declined after Brexit. These findings highlight the importance of completing swiftly the negotiations with the EU …