The Differential Impact of Brexit on Banking: UK vs. Europe

Abstract: The objective of this study is to analyse the differential impact that the main events in the implementation of Brexit have had on the European-banking sector, and attempt to identify whether said impact has been different for UK and European banks. To do this, we selected a sample of UK banks listed on the stock exchange and a control group composed of banks belonging to European countries of a similar size to the UK banks. We used event study methodology to determine the impact, which was measured by the market reaction. The obtained results allow us to state that UK banks reacted differently from European banks in response to the same events that have defined the path of Brexit, and generally more negatively.

 Fuente: Global Policy Volume 11 . Issue 5 . November 2020

Editorial: Wiley-Blackwell

 Año de publicación: 2020

Nº de páginas: 21

Tipo de publicación: Artículo de Revista

 DOI: 10.1111/1758-5899.12879

ISSN: 1758-5880,1758-5899

Url de la publicación: https://onlinelibrary.wiley.com/doi/full/10.1111/1758-5899.12879