Policy uncertainty and international financial markets: the case of Brexit

@article{Belke2016PolicyUA,
  title={Policy uncertainty and international financial markets: the case of Brexit},
  author={Ansgar Belke and Irina Dubova and Thomas Osowski},
  journal={Applied Economics},
  year={2016},
  volume={50},
  pages={3752 - 3770}
}
ABSTRACT This study assesses the impact of the Brexit probability on both the UK and on international financial markets, for the first and the second statistical moments. As financial markets are by nature highly interlinked, one might expect that the uncertainty engendered by Brexit also has an impact on financial markets in several other countries. We first estimate the time-varying interactions between UK policy uncertainty, which to a large extent is attributed to uncertainty about Brexit… 
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