The response of European stock markets to the Brexit
Matthias Raddant
No 100, Kiel Policy Brief from Kiel Institute for the World Economy (IfW Kiel)
Abstract:
This paper reviews the response of the European stock markets to the Brexit referendum. We analyze the correlation of market indices, stock volatility and the special role of stocks from the financial sector. While the impact of the vote was very similar for the stock markets in France, Germany and Spain, in Italy volatility among financial stocks intensified permanently.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkpb:100
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