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Europäisches Institut für Internationale Wirtschaftsbeziehungen
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D-42119 Wuppertal
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Aktuelles
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"Frauen-Erwerbschancen und -Arbeitslosigkeitsprobleme weiblicher Flüchtlinge in Wuppertal: ökonomische und statistische Analyse"
Innovative Studie wurde erstellt für das Jobcenter Wuppertal [mehr] -
Global Climate Change Policy - forthcoming publication with Palgrave Macmillan
The forthcoming new book from Paul Welfens - "Global Climate Change Policy - Analysis, Economic... [mehr] -
Post-Corona Wirtschaftsaufschwungsperspektiven in Deutschland, Europa und weltweit
Am 29. April hielt Prof. Welfens einen Vortrag vor der Fachgruppe FiWiSo des bdvbs zum Thema... [mehr] -
Corona vaccination regulation: Vaccination schedule in Germany contradictory and flawed
*Germany’s federal government once-in-a-century decision on vaccinations is partly contradictory. ... [mehr] -
PM: Corona-Impfplanung Deutschland: Viel zu langsam und unsinnig
* Unmögliche Impfplanung der Politik * Spätzulassung Impfstoff von Biontech in EU ist unakzeptabel *... [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.