A vote to leave will increase financial market volatility
Den Haan, W. J.
, Ellison, M., Ilzetzki, E., McMahon, M. & Reis, R.
(2016).
A vote to leave will increase financial market volatility.
, Ellison, M., Ilzetzki, E., McMahon, M. & Reis, R.
(2016).
A vote to leave will increase financial market volatility.
In late February, UK Prime Minister David Cameron announced that the referendum on the country’s continued membership of the European Union (EU) would be held on 23 June. Over the following weekend, a number of leading Conservative MPs announced their support for the campaign to leave the EU – ‘Brexit’. The pound sterling declined as trading opened on the Monday morning, losing close to 2% of its value relative to the dollar and 1.5% relative to the euro on the first day of trading following these news stories.