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India’s trade ties with the UK and EU

As EU and Indian leaders meet in Delhi, we look at the figures on trade. The UK’s place in the relationship warrants special attention. EU-India trade has more than tripled since 2000, but UK-India trade is largely static. The shift is especially noticeable for EU exports to India, where the UK share has dropped from 29% to 10%.

By: Maria Demertzis and Alexander Roth Topic: European Macroeconomics & Governance, Global Economics & Governance Date: October 6, 2017
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Brexit and the future of the Irish border

The future of the Irish land border has been thrown into uncertainty by Brexit. The UK's confirmation that it will leave the EU's single market and customs union implies that customs checks will be needed. However, there is little desire for hard controls from any of the parties involved. This is especially true for Theresa May's potential partner, the DUP. Creative solutions are needed to reach a solution.

By: Filippo Biondi Topic: European Macroeconomics & Governance Date: June 19, 2017
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Past Event

Past Event

Substance requirements for financial firms moving out from the UK

In the run-up to Brexit, UK-based financial firms are considering how to organize their operations across the future divide between the UK and EU27. This event will discuss the regulatory requirements on how self-sustaining the operations in the EU should be, and implications for the single market and third countries.

Speakers: Gerry Cross, Simon Gleeson and Nicolas Véron Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 2, 2017
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Policy Contribution

Brexit and the European financial system

Brexit will lead to a partial migration of financial firms from London to the EU27. This Policy Contribution provides a comparison between London and four major cities that will host most of the new EU27 wholesale market: Frankfurt, Paris, Dublin and Amsterdam. It gives a detailed picture of the wholesale markets, the largest players in these markets and the underlying clearing infrastructure. It also provides data on professional services and innovation.

By: Uuriintuya Batsaikhan, Robert Kalcik and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: February 9, 2017
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The impact of Brexit on Northern Ireland: a first look

Following the proposal from the Scottish Government that Scotland remain in the Single Market, the differing “Brexpectations” of the UK’s four constituent countries are once again back in the news. Scotland is getting a lot of attention in the Brexit debate, but Northern Ireland is an equally interesting case.

By: Filippo Biondi and Inês Goncalves Raposo Topic: European Macroeconomics & Governance Date: December 22, 2016
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Stealing London’s financial crown would bring both benefits and responsibilities

After Brexit, several major cities across the EU27 are looking to take over London's financial activity. While there are plenty of benefits in hosting a major financial centre, it also comes with significant risks and responsibilities.

By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: November 17, 2016
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Brexit and competition policy in Europe

If the UK leaves the EU without any agreement in place, this could change the way that competition law is applied. It could also make antitrust cases more costly and competition policy instruments less effective.

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: July 6, 2016
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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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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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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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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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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
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