The Impact of Political Uncertainty on Asset Prices : The Case of the United Kingdom's EU Membership Referendum.
How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability o...
| Формат: | Журнал |
|---|---|
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2021.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2021/027 |
| Предметы: | |
| Online-ссылка: | Full text available on IMF |