"Brexit": Soll Großbritannien die EU verlassen?
In: Praxis Politik: Zeitschrift für den sozialwissenschaftlichen Unterricht in der Sek I/II, Band 10, Heft 4, S. 49-55
ISSN: 1860-255X
In: Praxis Politik: Zeitschrift für den sozialwissenschaftlichen Unterricht in der Sek I/II, Band 10, Heft 4, S. 49-55
ISSN: 1860-255X
In the struggle between the forces of free trade and the restrictive influence of insularism the latter recently seems to have the upper hand. This is illustrated by the referendum of June 23, 2016 where the United Kingdom (UK) voted to leave the European Union (EU). In this paper we evaluate the consequences of this event for EU integration. In particular, we analyze how the extent of EU economic integration would change once the UK leaves the Union. To that end we develop an integration benchmark that consists of the steady state production equilibrium characterized by arbitrage pricing and perfect factor mobility. We apply metrics to measure the distance between this benchmark and the data. We find that the integration in the EU is incomplete and its trend is non-linear while Brexit would not bring negative consequences to its development.
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Brexit-Notfall-Paket der Kommission in drei Bänden (PDF) Das Brexit-Datum ist bereits zweimal verschoben worden – der Brexit wurde weder mit Ablauf des 29.3.2019 noch des 12.4.2019 vollzogen. Und auch am 1.6.2019 ist der Brexit nicht vollzogen worden. Aber die britische Premierministerin Theresa May ist am 7.6.2019 vom Parteivorsitz zurückgetreten und zwei Kandidaten (Boris Johnson und Jeremy Hunt) werden bis Ende Juli 2019 zum Nachfolger und neuen Premierminister des UK bestimmt. Das derzeit wahrscheinliche Brexit-Datum ist der 31.10.2019. Die Europäische Kommission hat ihre No-Deal-Brexit-Vorbereitungen abgeschlossen und drei Handbücher zum Brexit veröffentlicht, die kostenlos als PDF herunterladbar sind: Brexit-Notfallpaket: Band 1 – Grundlegende Informationen für Bürger und Unternehmen, 108 Seiten, URL: www.reguvis.de/eubrexit/band1 Brexit-Notfallpaket: Band 2 – Hinweise für Interessenträger, 436 S., URL: www.reguvis.de/eubrexit/band2 Brexit-Notfallpaket, Band 3 – Mitteilungen zur Vorbereitung auf den Brexit und Rechtsakte, 296 Seiten, URL:. www.reguvis.de/eubrexit/band3 Der Download und die Lektüre der Brexit-Notallpakete (Bände 1 bis 3) sind erforderlich – noch sind ein paar Monate bis Ende Oktober 2019 Zeit. Und eine weitere Verschiebung des Brexit- Datums ist nicht ausgeschlossen. Weerth, Brexit in: Gabler Wirtschaftslexikon Online, URL: https://wirtschaftslexikon.gabler.de/definition/brexit-54217 Dr. Carsten Weerth, BSc (Glasgow), LL.M., M.A., Bremen Quelle: https://www.bundesanzeiger-verlag.de/aw-portal/aktuelles/nachrichten/detail/artikel/brexit-notfall-paket-der-kommission-in-drei-baenden-pdf-32137.html?L=0&cHash=896e26c5c1286d0f4e4e6bea5eb54693
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International audience ; Given the European Union (EU)'s central role in regulating various sectors, the decision to leave poses profound questions for UK industries in upheaval. This paper adopts an event-study methodology to examine, at sectoral level, the dynamics of stock prices surrounding the announcement of the UK's EU membership referendum on 24 June 2016. We find that the adjustment of stock prices is inconsistent with the Uncertain Information Hypothesis assuming that policy changes are typically associated to a decrease of stock prices, but once the uncertainty-induced event is reduced, stock prices would increase again. Analyzing seven sectors of British stock index, we show that the Brexit had a significant impact on the valuation of UK companies. While all industries face increasing uncertainty, the referendum outcome had varying sectoral effects. Specifically, the responses of banks and financial services, defense and airlines, real estate and technology to the Brexit event were even more severe than the reactions of oil and gas, pharmaceuticals and consumer goods. The lack of opportunity to benefit from the European passporting rules to establish businesses, to access to EU's Research and Development funds and to hire the skilled workers have been offered to explain the adverse effects of Brexit on UK industries.
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International audience ; Given the European Union (EU)'s central role in regulating various sectors, the decision to leave poses profound questions for UK industries in upheaval. This paper adopts an event-study methodology to examine, at sectoral level, the dynamics of stock prices surrounding the announcement of the UK's EU membership referendum on 24 June 2016. We find that the adjustment of stock prices is inconsistent with the Uncertain Information Hypothesis assuming that policy changes are typically associated to a decrease of stock prices, but once the uncertainty-induced event is reduced, stock prices would increase again. Analyzing seven sectors of British stock index, we show that the Brexit had a significant impact on the valuation of UK companies. While all industries face increasing uncertainty, the referendum outcome had varying sectoral effects. Specifically, the responses of banks and financial services, defense and airlines, real estate and technology to the Brexit event were even more severe than the reactions of oil and gas, pharmaceuticals and consumer goods. The lack of opportunity to benefit from the European passporting rules to establish businesses, to access to EU's Research and Development funds and to hire the skilled workers have been offered to explain the adverse effects of Brexit on UK industries.
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eingereicht von Marlies Steinbock ; Universität Linz, Diplomarbeit, 2019 ; (VLID)4394018
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SSRN
Working paper
In: Swedish studies in European law volume 13
"The European Union is at a crossroads. Slowly recovering from a series of financial and economic crises, with trust fundamentally shaken by processes of disaggregation and increasingly nationalist politics, it is searching for new visions that are at once inspiring and workable. In its White Paper of 1 March 2017, the Commission proposed five non-exclusive options for the Future of Europe. As put by the Commission, the five scenarios are illustrative in nature to provoke thinking. They are not detailed blueprints or policy prescriptions. Likewise, they deliberately make no mention of legal or institutional processes – the form will follow the function. This book takes the current state of the Union seriously. However, it aims to debate not only the political vision of Europe, but also the issue of legal integration beyond Brexit. Apart from addressing the institutional challenges for the EU, the contributions to this volume focus on two key areas: rule of law and security. Rule of law and security are not only paradigmatic for the future of Europe but are also closely connected to a particular vision of Europe based on 'integration through law'; a vision that has been strongly contested in recent years. The overarching question is: how can sustainable political and legal integration be achieved in Europe? The volume builds on a conference organised by the Swedish Network for European Legal Studies in November 2017 and includes chapters by leading scholars in the field from the Nordic countries and wider Europe"
In: Studi di federalismi.it 39
In: Policy Paper / Jacques Delors Institute
Brussels and London are gearing up for the Brexit negotiations. Prime Minister Theresa May delivered her Brexit speech and the Supreme Court ruled that the UK Parliament has to give its assent. The British government is still planning to declare that the UK intends to leave the EU by the end of March 2017. But how will the Brexit negotiations unfold?
Valentin Kreilinger, Sophia Becker and Laura Maria Wolfstädter systematize the next steps in the process and examine the individual procedural requirements in order to analyse the legal and institutional context of Article 50 TEU.
In: Harvard Business School Strategy Unit Working Paper No. 24-017
SSRN
In: West European politics, S. 1-19
ISSN: 1743-9655