DOES THE BREXIT SHOCK AFFECT THE EUROPEAN UNION’S STABILITY?

Gabriela Mihailovici

Euroinfo, 2019, vol. 3, issue 4, 35-57

Abstract: Brexit represents a powerful, asymmetrical shock of an exceptional magnitude and depth. Brexit has created an additional problem for the EU, which, if handled and negotiated as an opportunity to deepen current reforms, will not come to dramatically affect the financial, monetary and political stability of the European Project. However, for the United Kingdom of Great Britain and Northern Ireland (the UK), Brexit has generated a huge amount of uncertainty in almost all regards: militarily and in national security, economically and financially, in commerce and trade, socially, educationally and on the day-to-day basis of citizens who live and work on British territory.

Keywords: Brexit; European Union; financial stability; monetary stability; political stability (search for similar items in EconPapers)
JEL-codes: E E4 E5 E6 F02 F15 F2 F5 G02 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:3:y:2019:i:4:p:35-57

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