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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: 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)
Date: 2020
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DOI: 10.1007/s10663-019-09447-4

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