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The Relation of Brexit with the UK’s QE Decisions and its Impact on the Eurozone

Author

Listed:
  • Νikolaos A. Kyriazis

    (Department of Economics, University of Thessaly, Greece)

  • Emmanouil M.L. Economou

    (Department of Economics, University of Thessaly, Greece)

Abstract

This paper aims to provide some insights into the way that the recent referendum held on June 23rd about the Brexit could affect the UK’s perspective to proceed to a new round of QE. Moreover, the effects of the latter on the Eurozone are under scrutiny. Transmission channels of the shock that the Brexit has brought about on the EU and the Eurozone, as well as possible scenarios about the future relationship between the UK and the EU are presented. To the best of our knowledge, this is the first academic piece of work that makes a direct link between the consequences of the Brexit on decisions about proceeding in further QE actions or not in the UK and at the same time studies how this could result in affecting the Eurozone’s economy and its decision-making about adopting further unconventional policies.

Suggested Citation

  • Νikolaos A. Kyriazis & Emmanouil M.L. Economou, 2017. "The Relation of Brexit with the UK’s QE Decisions and its Impact on the Eurozone," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 6(1), pages 5-14.
  • Handle: RePEc:cbk:journl:v:6:y:2017:i:1:p:5-14
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    File URL: http://www.cbcg.me/repec/cbk/journl/vol6no1-1.pdf
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    Cited by:

    1. Nikolaos A. Kyriazis & Emmanouil M. L. Economou, 2017. "Brexit Decision Effects on European Derivatives Markets: A Sectoral Analysis," Bulletin of Political Economy, Bulletin of Political Economy, vol. 11(1), pages 45-58, June.

    More about this item

    Keywords

    Brexit; Quantitative Easing; Eurozone.;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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