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Europäisches Institut für Internationale Wirtschaftsbeziehungen
Rainer-Gruenter-Str. 21
D-42119 Wuppertal
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Aktuelles
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Invitation Zoom Digital Seminar: The International Economics of the Corona Shock
The International Economics of the Corona Shock Zoom Digital Seminar Date: 8 July 2020 Time:... [mehr] -
Klausureinsicht am 0107.2020: WiSe 19/20 / Exam Review Winter term 19/20
Am 01.07.2020 findet in FN.00.01 die Klausureinsicht für folgende Klausuren aus dem Wintersemester... [mehr] -
New discussion paper from Lucas Bretschger and Elise Grieg (ETH Zürich) and Paul Welfens and Tian Xiong (EIIW/University of Wuppertal)
Bretschger, L.; Grieg, E.; Welfens, P.J.J.; Xiong, T.: Corona Fatality Development, Medical... [mehr] -
Prof. Paul J.J. Welfens zu den EU-Finanzhilfen am 19.05.20
YouTube Video [mehr] -
New Discussion Paper: Corona World Recession and Health System Crisis: Shocks Not Understood So Far
Summary: The Coronavirus World Recession is a global symmetric shock that will cause... [mehr]
Arthur Korus/Kaan Celebi: The Impact of Brexit on the British Pound/Euro Exchange rate
Arthur Korus/Kaan Celebi: The Impact of Brexit on the British Pound/Euro Exchange rate
Summary
Using event-study techniques we investigate the impact of Brexit-related events on the spot exchange rate of the British pound against the euro. We want to find out whether Brexit-related news, including the Brexit referendum itself, has an impact on the Pound sterling/Euro exchange rate. By splitting our Brexit-related events into ‘good’ Brexit news and ‘bad’ Brexit news, we find an impact of Brexit news on the British pound/Euro exchange rate. Bad Brexit news is associated with a depreciation of the British pound against the euro whereas ‘good’ Brexit news appreciates the Pound sterling against the euro. Furthermore, our empirical results suggest that market participants display a delayed reaction to bad and good Brexit news, respectively. Additionally, it seems that the impact of bad Brexit news on the spot exchange rate of the British pound against the euro is more persistent than the effect of good Brexit news.