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The Effects of Great Britain's Exit from the European Union

Author

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  • AmariÈ›a Adrian

    (Bucharest University of Economic Studies)

Abstract

The exit of the UK from the European Union established by the referendum of 23.06.2016 will produce important changes in the further development of the European Union. The impact of theBritish vote was felt immediately on all the financial markets of the world by lowering theEuropean banking stock market transactions and index, as well as depreciating the pound sterling. Depending on the conditions in which the UK will exit, Member States will adopt optimal strategiesto ensure a harmonious evolution based on beneficial treaty for all members of the Union. Experts'views differ on future developments in bilateral relations between the European Union and the UK. The withdrawal of the United Kingdom from the European Union directly influences the economicdevelopment of Romania, which will force our country to take all the necessary measures in thecurrent economic conjuncture in order to anchor in the international trade relations.

Suggested Citation

  • AmariÈ›a Adrian, 2017. "The Effects of Great Britain's Exit from the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 9-13, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:9-13
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    More about this item

    Keywords

    referendum; free movement; free trade; customs union; international trade;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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