Brexit and systemic risk

Danielsson, Jon ORCID: 0009-0006-9844-7960, Macrae, Robert and Micheler, Eva ORCID: 0000-0002-7922-2436 (2017) Brexit and systemic risk. VoxEU.

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Abstract

Brexit is likely to cause considerable disruption for financial markets. Some worry that it may also increase systemic risk. This column revisits the debate and argues that an increase in systemic risk is unlikely. While legal ‘plumbing’ and institutional and regulatory equivalence are of concern, systemic risk is more likely to fall due to increased financial fragmentation and caution by market participants in the face of uncertainty.

Item Type:	Article
Official URL:	http://voxeu.org/
Additional Information:	© 2017 Centre for Economic Policy Research
Divisions:	Systemic Risk Centre
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management J Political Science > JN Political institutions (Europe) J Political Science > JN Political institutions (Europe) > JN101 Great Britain J Political Science > JZ International relations
Date Deposited:	07 Nov 2017 14:36
Last Modified:	01 Nov 2024 05:30
URI:	http://eprints.lse.ac.uk/id/eprint/85124

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