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Brexit and financial services

Abstract:

Financial services constitute an important net export for the UK economy, for which the rest of the EU is the largest market. This paper considers the likely consequences of Brexit for this sector. A ‘soft’ Brexit, whereby the UK leaves the EU but remains in the single market, would be a lower-risk option for the City than other Brexit options, because it would enable financial services firms to continue to rely on regulatory passporting rights. Under a ‘hard’ Brexit scenario, where the UK le...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1093/oxrep/grx014

Authors


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Institution:
University of Oxford
Oxford college:
Oriel College
Role:
Author
Publisher:
Oxford University Press
Journal:
Oxford Review of Economic Policy More from this journal
Volume:
33
Issue:
S1
Pages:
S54-S69
Publication date:
2017-03-10
Acceptance date:
2016-12-16
DOI:
EISSN:
1460-2121
ISSN:
0266-903X
Keywords:
Pubs id:
pubs:666791
UUID:
uuid:6922312b-0758-40d6-b3f5-c16fc8a95470
Local pid:
pubs:666791
Source identifiers:
666791
Deposit date:
2016-12-21

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