Brexit, the City of London, and the prospects for portfolio investment.

Autor: Eichengreen, Barry, Jungerman, William, Liu, Mingyang
Předmět:
Zdroj: Empirica; Feb2020, Vol. 47 Issue 1, p1-16, 16p
Abstrakt: 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. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index