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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 …
Persistent link: https://www.econbiz.de/10011793915
This paper investigates dynamic conditional correlations between stock and REIT markets in both Turkey and the U.S. We use an Asymmetric DCC - GJR - GARCH model to estimate the dynamic conditional correlation at daily, weekly, and monthly frequencies. Our contribution is threefold. First, we...
Persistent link: https://www.econbiz.de/10011845163
equilibrium trade and welfare effects of uncertainty induced by the unexpected outcome of the Brexit referendum in 2016 and the …
Persistent link: https://www.econbiz.de/10013550200
withdrawal after the Brexit referendum on the performance of English hospitals. Exploiting variation in the reliance on EU …
Persistent link: https://www.econbiz.de/10014426580
as other economic and social factors, in determining the support for the Remain vote in the Brexit referendum. We find …
Persistent link: https://www.econbiz.de/10011544086
them as neighbours and, most importantly, to vote for Brexit. The fear of immigration does not seem to be fully justified … exchange to poll numbers we find that investors appear to view Brexit as a negative event. …
Persistent link: https://www.econbiz.de/10011523724
relatively modestly. These asymmetries matter for the size and distribution of the welfare effects of Brexit - the withdrawal of … with other papers, the welfare costs of Brexit are higher in the UK than in most other EU countries. However, the …
Persistent link: https://www.econbiz.de/10011933707
We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors' expectations …, indicating that investors may have updated their expectations in light of the possibility of a "hard Brexit". We do not find a …
Persistent link: https://www.econbiz.de/10011900762
Previous analyses of the 2016 Brexit referendum used region-level data or small samples based on polling data. The …
Persistent link: https://www.econbiz.de/10011891769
in the EU is incomplete and its trend is non-linear while Brexit would not bring negative consequences to its development. …
Persistent link: https://www.econbiz.de/10011892540