UK or the Eurozone: which common currency area can work for Northern Ireland after Brexit?

Jane Binner, Sajid M. Chaudhry, James L. Swofford and Meng Tong

The European Journal of Finance, 2023, vol. 29, issue 16, 1835-1848

Abstract: Brexit and the controversy concerning an Irish border makes the issue of whether Northern Ireland is a common currency area with the rest of UK or the Eurozone topical. We test the microeconomic foundations of a common currency area for Northern Ireland, UK, Great Britain and Northern Ireland in the Eurozone. We provide evidence that all areas meet the microeconomic criteria for a common currency area. Banking data suggest that lending in Northern Ireland is different from lending in the rest of the UK, raising doubt on whether or not the UK forms a common currency area including Northern Ireland.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:taf:eurjfi:v:29:y:2023:i:16:p:1835-1848

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DOI: 10.1080/1351847X.2023.2216240

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