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Does The Brexit Shock Affect The European Union’S Stability?

Author

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  • Gabriela Mihailovici

Abstract

Brexit represents a powerful, asymmetrical shock of an exceptional magnitude and depth. Brexit has created an additional problem for the EU, which, if handled and negotiated as an opportunity to deepen current reforms, will not come to dramatically affect the financial, monetary and political stability of the European Project. However, for the United Kingdom of Great Britain and Northern Ireland (the UK), Brexit has generated a huge amount of uncertainty in almost all regards: militarily and in national security, economically and financially, in commerce and trade, socially, educationally and on the day-to-day basis of citizens who live and work on British territory.

Suggested Citation

  • Gabriela Mihailovici, 2019. "Does The Brexit Shock Affect The European Union’S Stability?," Euroinfo, Institute for World Economy, Romanian Academy, vol. 3(4), pages 35-57, April.
    • Handle: RePEc:iem:eurinf:v:3:y:2019:i:4:p:35-57
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    File URL: http://www.iem.ro/rem/index.php/euroinfo/article/view/699/780
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    More about this item

    Keywords

    Brexit; European Union; financial stability; monetary stability; political stability;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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