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The Impact of Brexit on EU27 on Trade, Investments and Financial Services

Author

Listed:
  • Scheherazade S. Rehman

    (The George Washington University, Washington, DC 20052, USA)

  • Pompeo Della Posta

    (Economia e Management, Università di Pisa, Via Ridolfi, 10, Pisa, PI 56124, Italy)

Abstract

On June 23, 2016, the UK decided to leave the European Union (EU), commonly known as “Brexit”. The UK has two years to conclude their new arrangement with the EU27 after evoking Article 50 Treaty of Lisbon officially, which it did on March 27, 2017. While there is a range of possible trade agreements most are unlikely as they would either imply repudiating firm EU legal principles or strong promises that the current UK government is committed to maintain. The article discusses these options. Moreover, the article focuses on the trade and investment flows between the UK and EU27 and discusses the possible short-term implications of Brexit with a specific attention to the most impacted sector, that of financial services.

Suggested Citation

  • Scheherazade S. Rehman & Pompeo Della Posta, 2018. "The Impact of Brexit on EU27 on Trade, Investments and Financial Services," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 18(1), pages 1-17.
    • Handle: RePEc:wsi:gejxxx:v:18:y:2018:i:01:n:gej-2017-0097
    DOI: 10.1515/GEJ-2017-0097
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    Cited by:

    1. Guedes, E.F. & Ferreira, Paulo & Dionísio, Andreia & Zebende, G.F., 2019. "An econophysics approach to study the effect of BREXIT referendum on European Union stock markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 523(C), pages 1175-1182.
    2. Sven Van Kerckhoven, 2021. "Post-Brexit Leadership in European Finance," Politics and Governance, Cogitatio Press, vol. 9(1), pages 59-68.

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