1. The economic Gordian Knot of Brexit: an East and Southeast Asian perspective.
- Author
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Mario Arturo, Ruiz Estrada, Koutronas, Evangelos, and Park, Donghyun
- Subjects
INTERNATIONAL trade ,INTERNATIONAL economic relations ,FOREIGN exchange rates - Abstract
The objective of this paper is to establish conceptual foundations of analyzing the economic dimensions of Brexit. The International Financial-Trade Exchange Leaking Index (TIFTEL-Index) attempts to analyze and compare pre-Brexit versus post-Brexit international trade and international financial transactions between East and Southeast Asia and Europe. TIFTEL-index is based on three main variables, namely (1) international trade exchange marginal rate (∆Τ′), (2) international financial exchange marginal rate (∆σ′), and (3) GDP in real prices growth marginal rate (∆γ). Simulation findings indicate that Brexit will have only a limited negative effect on the world economy. In addition, Brexit will affect East Asia more than Southeast Asia region. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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