Brexits Winners And Losers An Empirical Analysis Of Economic Effects Of Deglobalisation On The Financial Services Industry

Author : Lukas Kirchner
Publisher : GRIN Verlag
ISBN 13 : 3346353397
Total Pages : 27 pages
Book Rating : 4.99/5 ( download)

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Download or read book Brexit’s Winners and Losers. An Empirical Analysis of Economic Effects of Deglobalisation on the Financial Services Industry written by Lukas Kirchner and published by GRIN Verlag. This book was released on 2021-02-26 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, European University Viadrina Frankfurt (Oder), language: English, abstract: This paper aims to analyse what the impact of a no-deal Brexit on the Financial Services Industry is. Given the significant global integration of the UK’s financial services industry as the largest exporter and the host of the world’s leading centre of financial services (House of Lords, 2016), the gained observations and experiences from the example of Brexit shed greater light on determining the consequences of deglobalisation on the financial services industry. In order to determine the impact of a no deal Brexit on the financial services industry, it will be assumed that not only within the transition period but also in the long term, i.e. after an initial period of no relations, no further agreements will be reached between the UK and the EU. Further, the impact will be analysed solely for the industries of the two directly involved parties, thus the EU and the UK. In this course, given that the UK’s exports in financial services strongly exceed their imports of financial services in trade with the EU (House of Commons, 2020), the UK will be considered as the exporting nation; and consequently, the EU will be treated as the importing nation of financial services. Based on this trade surplus indicating a greater reliance from UK-based financial services firms on the EU than from EU-based financial services firms on the UK, the focus will be laid on UK-based financial services firms, which as a whole represent the UK’s financial services industry. The remainder of this paper is structured as follows: after an initial introduction to Brexit and the development of the relationship negotiation; in the third section, the status quo of the financial services industry ante Brexit will be depicted. In this regard, the legal framework will be emphasised, and the mutual reliance will be identified. In order to forecast the future situation of the financial services industry after the transition period, the legal relationship under WTO terms will be thematised in the fourth section. Within this section, a focus will be laid on the possible legal paths of the provision of financial services. Based on the derived legal aspects and considering the political influences in the absence of any relationship, in the fifth section, a post transition period outlook for the financial services industry will be given.

Author : Lukas Kirchner
Publisher :
ISBN 13 : 9783346353405
Total Pages : 32 pages
Book Rating : 4.00/5 ( download)

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Download or read book Brexit's Winners and Losers. An Empirical Analysis of Economic Effects of Deglobalisation on the Financial Services Industry written by Lukas Kirchner and published by . This book was released on 2021-01-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, European University Viadrina Frankfurt (Oder), language: English, abstract: This paper aims to analyse the impact of a no-deal Brexit regarding the Financial Services Industry. Given the significant global integration of the UK's financial services industry as the largest exporter and the host of the world's leading centre of financial services, the gained observations and experiences from the example of Brexit shed greater light on determining the consequences of deglobalisation on the financial services industry. It will be assumed that no further agreements regarding Financial Services will be reached between the UK and the EU. Further, the impact will be analysed solely for the industries of the two directly involved parties, thus the EU and the UK. The UK will be considered as the exporting nation and the focus will be laid on UK-based financial services firms, which as a whole represent the UK's financial services industry. The remainder of this paper is structured as follows: after an initial introduction to Brexit and the development of the relationship negotiation; in the third section, the status quo of the financial services industry ante Brexit will be depicted. In this regard, the legal framework will be emphasised, and the mutual reliance will be identified. In order to forecast the future situation of the financial services industry after the transition period, the legal relationship under WTO terms will be thematised in the fourth section. Within this section, a focus will be laid on the possible legal paths of the provision of financial services. Based on the derived legal aspects and considering the political influences in the absence of any relationship, in the fifth section, a post transition period outlook for the financial services industry will be given.

Author : Laurent Ferrara
Publisher : Springer
ISBN 13 : 3319790757
Total Pages : 298 pages
Book Rating : 4.56/5 ( download)

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Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Author : Sandeep Kaur Bhatia
Publisher :
ISBN 13 : 9789386453273
Total Pages : 221 pages
Book Rating : 4.74/5 ( download)

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Download or read book Brexit and India written by Sandeep Kaur Bhatia and published by . This book was released on 2018 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at national seminar held during 17th-18th March, 2017 at Centre for Economic Studies, Central University of Punjab, Bathinda, India.

Author : Carlo Altomonte
Publisher : Ledizioni
ISBN 13 : 8855261584
Total Pages : 83 pages
Book Rating : 4.86/5 ( download)

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Download or read book Europe in Identity Crisis written by Carlo Altomonte and published by Ledizioni. This book was released on 2020-01-12 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s European Union is in an identity crisis as it seems to be losing its points of reference. The principles that upheld its creation are being increasingly questioned around the world and within the EU itself. Its chances to survive hinge upon its ability to deliver at home and abroad,without abandoning its values and principles but rather adapting and re-launching them.This volume offers policy options on key questions for the future of the EU: How to scale-up its role abroad? How to benefit from new partners without severing ties with traditional allies such as the US? How to contain Eurosceptic forces by reducing inequalities? And how to reinforce the euro while aiming at more sustainable and balanced growth?

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.66/5 ( download)

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Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Author : Department of Economic and Social Affairs
Publisher : United Nations
ISBN 13 : 9210043677
Total Pages : 216 pages
Book Rating : 4.70/5 ( download)

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Download or read book World Social Report 2020 written by Department of Economic and Social Affairs and published by United Nations. This book was released on 2020-02-14 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the links between inequality and other major global trends (or megatrends), with a focus on technological change, climate change, urbanization and international migration. The analysis pays particular attention to poverty and labour market trends, as they mediate the distributional impacts of the major trends selected. It also provides policy recommendations to manage these megatrends in an equitable manner and considers the policy implications, so as to reduce inequalities and support their implementation.

Author : Pippa Norris
Publisher : Cambridge University Press
ISBN 13 : 1108426077
Total Pages : 555 pages
Book Rating : 4.77/5 ( download)

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Download or read book Cultural Backlash and the Rise of Populism written by Pippa Norris and published by Cambridge University Press. This book was released on 2019-02-14 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new theoretical analysis of the rise of Donald Trump, Marine le Pen, Nigel Farage, Geert Wilders, Silvio Berlusconi, and Viktor Orbán.

Author : UNCTAD
Publisher : United Nations
ISBN 13 : 9210473221
Total Pages : 160 pages
Book Rating : 4.24/5 ( download)

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Download or read book Trade and Development Report 2018 written by UNCTAD and published by United Nations. This book was released on 2019-01-16 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This flagship publication examines different aspects of the nature and role of international trade in the era of hyperglobalization and considers related policy challenges that will need to be addressed if trade is to contribute to a more stable and inclusive global economic order. Research provides authoritative data and analysis on trade, investment, finance and technology. UNCTAD offers solutions to the major challenges facing developing countries, particularly the poorest and most vulnerable nations. Beyond tailored analysis and policy recommendations, UNCTAD research also generates global standards that govern responsible sovereign lending and borrowing, investment, entrepreneurship, competition and consumer protection and trade rules.

Author : Shiro Armstrong
Publisher : ANU Press
ISBN 13 : 1760461768
Total Pages : 315 pages
Book Rating : 4.68/5 ( download)

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Download or read book Asian Economic Integration in an Era of Global Uncertainty written by Shiro Armstrong and published by ANU Press. This book was released on 2018-01-08 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country.