Focus on Brexit

Read Bruegel scholars' blogs and publications on Brexit ahead of the UK's EU referendum in June.

EUROPEAN BANKING SUPERVISION

European banking supervision is the main component of European banking union. Our new blueprint is the first in-depth study of how this ground-breaking reform is working in practice.

Energy across the Mediterranean

In their new Policy Brief, Simone Tagliapietra and Georg Zachmann argue that the EU should reshape its energy cooperation efforts in the Mediterranean.

Understanding Migration

Understand migration challenges in Europe and beyond through our blogs and publications.

E-COMMERCE

Bruegel scholars analyse e-commerce economics in a series of blogs, publications and events. Acccess them all here.

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Blog Post

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Lost passports: a guide to the Brexit fallout for the City of London

If the UK cannot secure a ‘Norway’ deal and stay within the internal market, the UK will lose passporting rights for financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK’s wholesale banking and trading sector may move out.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: June 30, 2016
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Blog Post

Zsolt Darvas

No Lehman moment on currency markets after Brexit vote

While the pound sterling has lost a lot of its value right after the Brexit vote, from a historical perspective neither the fall of the exchange rate, nor its current level, is unprecedented. The situation is not as severe as it was in the aftermath the collapse of Lehman Brothers.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: June 30, 2016
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Blog Post

Silvia Merler

Brexit: who trades what with the UK?

The result of the UK referendum to leave the European union will likely impact the UK’s trade with other countries. Our database shows what products EU countries trade with the UK.

By: Silvia Merler Topic: European Macroeconomics & Governance Date: June 29, 2016
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Blog Post

Emmanuel Mourlon-Druol

UK political elite used poverty & immigration fears to secure leave vote

The bulk of UK Leave voters come from disadvantaged areas, and perceive immigration as a threat. But significant exceptions to this trend in England and most importantly in Scotland make it hard to draw a simple causal link between wealth, immigration, and voting patterns.

By: Emmanuel Mourlon-Druol Topic: European Macroeconomics & Governance Date: June 29, 2016
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Blog Post

Guntram B. Wolff

Markets and broken promises in the UK referendum

After four days of violent market reactions to the prospects of Brexit, markets have paused and gained in strength slightly. Why has that happened?

By: Guntram B. Wolff Topic: European Macroeconomics & Governance Date: June 29, 2016

39 minutes ago

RT @ForCivicEU: Wondering about what'll be #UK future steps for leaving the #EU? @Bruegel_org gives you the tools https://t.co/nyrICB2Nb8

56 minutes ago

CHART | The steps that UK will have to follow to withdraw from EU https://t.co/OmndOBMVfE #EUref #brexit @UureeB https://t.co/q6Cr1R5f0F

1 hour ago

Register for our event on #innovation w/ Paul Misener @Amazon's VP of Global Public Policy https://t.co/1sFAXYnX56 https://t.co/FTyEnYl973

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Blog Post

Schoenmaker pic

Losing “EU passport” would damage City of London

If the UK cannot secure a “Norway” deal and stay within the internal market, the UK will lose the passporting rights which make London attractive as a financial centre. The macroeconomic fall-out from Brexit has also damaged the performance of banks and insurers.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: June 28, 2016
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Blog Post

Scott Marcus

Mobile roaming, Brexit, and unintended consequences

The intermediate and long-term consequences of the UK “Brexit” referendum of 23 June 2016 are numerous and far-reaching. There has been much discussion of the impact on financial services, but very little to date on the likely implications for telecommunications regulation.

By: J. Scott Marcus Topic: Innovation & Competition Policy Date: June 28, 2016
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Blog Post

Nicolas Véron

The UK / EU separation: how fast does it happen?

Up until the British rebuff on 23 June 2016, the European Union had always been in expansion mode, also known in EU parlance as enlargement. The UK vote to leave the EU marks the first-ever case of this process being reversed.

By: Nicolas Véron Topic: European Macroeconomics & Governance Date: June 25, 2016
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Podcast

Podcast

Brexit: what happens next

On 23 June, the UK voted to leave the European Union. What will the UK’s new relationship with the EU look like?

By: Bruegel Topic: European Macroeconomics & Governance Date: June 24, 2016
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Policy Contribution

screenshot-bruegel.org 2016-06-23 15-45-59European Parliament

The effectiveness of the European Central Bank’s Asset Purchase Programme

Since the end of 2014, inflation has been at or very close to zero. With very little ability to move the actual interest rate further into negative territory, the ECB has resorted to unconventional measures. The latest of these includes a programme to purchase corporate bonds, which started on 8 June 2016.

By: Maria Demertzis and Guntram B. Wolff Topic: European Macroeconomics & Governance, European Parliament, Parliamentary Testimonies Date: June 23, 2016
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Podcast

Podcast

European fiscal rules

The current European fiscal framework is inefficient and relies on indicators that are badly estimated. How can the rules be improved and what can a European fiscal council add to this?

By: Bruegel Topic: European Macroeconomics & Governance Date: June 15, 2016
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Blueprint

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European banking supervision: the first eighteen months

The Blueprint provides a review of the first 18 months of European banking supervision. It reviews the overall situation and the situation in a number of euro-area countries. It provides important insights into the start of a new policy regime that involves profound change for the European banking landscape

By: Dirk Schoenmaker and Nicolas Véron Topic: Finance & Financial Regulation Date: June 8, 2016
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Essay / Lecture

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Lessons for the euro from early US monetary and financial history

In this essay, Jeffry Frieden looks at the process of creating a monetary union in the United States and draws lessons for the EU.

By: Jeffry Frieden Topic: Global Economics & Governance Date: May 25, 2016
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Upcoming Event

Jul
5
16:00

Sovereign and banking risks: what policies?

Exposures of banks towards sovereigns and vice-versa may be a source of systemic risk but how far can limiting these exposures in fact enhance or rather jeopardise global stability?

Speakers: Giorgio Barba Navaretti, Andrea Enria, Alberto Franco Pozzolo, Mario Nava, Erik F. Nielsen, André Sapir, Alexander Schulz and Guntram B. Wolff Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Parliamentary Testimony

GasEuropean Parliament

Rethinking the security of the European Union's gas supply

Presentation at the EPP hearing on the “Winter Energy Package” on 29 June 2016.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate, European Parliament, Parliamentary Testimonies Date: June 29, 2016
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Blog Post

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Bank shares take a hard hit following Brexit

In the past five days a number of banks have seen their stock value decline by large amounts.

By: Maria Demertzis Topic: European Macroeconomics & Governance Date: June 28, 2016
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Upcoming Event

Jul
11
12:30

Policies for digital innovation

At this event we will welcome Paul Misener, Vice President of Global Public Policy at Amazon.com to discuss innovation and regulation.

Speakers: Eva Chamizo, Paul Misener, Stephan Raes and Reinhilde Veugelers Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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