1. Brexit: Whither the Pound?
- Author
-
Gourinchas, Pierre-Olivier and Hale, Galina
- Subjects
- *
MACROECONOMICS , *ECONOMIC development , *BREXIT Referendum, 2016 , *STOCK market index options , *STOCK exchanges , *ECONOMIES of agglomeration - Abstract
The article discusses the fundamental macroeconomic forces that are likely to hold down the economic growth of Great Britain following the separation from the European Union (EU). Topics discussed include depreciation of pound immediately following the Brexit vote; drop in stock market index of Great Britain; and advantage of agglomeration effects that made London a preeminent global financial center for trade.
- Published
- 2017