Brexit, the City of London, and the prospects for portfolio investment
Barry Eichengreen (),
William Jungerman () and
Mingyang Liu ()
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William Jungerman: University of Minnesota
Mingyang Liu: University of Southern California
Empirica, 2020, vol. 47, issue 1, No 1, 16 pages
Abstract This paper examines the international financial consequences of Brexit. It first provides a survey of the still limited literature on EU membership and international capital flows. It then provides new estimates of the impact of Brexit on cross-border investment utilizing data from the IMF’s Consolidated Portfolio Investment Survey. It lastly provides a comparative analysis of these same issues using data on crossborder capital flows from the BIS. The conclusion is that the impact on cross-border capital flows to and from the UK is likely to be substantial.
Keywords: Brexit; International capital flows; City of London; Portfolio investment (search for similar items in EconPapers)
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