Christoph Siegele
Broschiertes Buch

Brexit. Stock Market Reactions and Short-Term Reward of Geographic Business Diversification on British and European Index and Industry Level

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Master's Thesis from the year 2017 in the subject Economics - International Economic Relations, grade: 2,0, University of Innsbruck (Banken und Finanzen), language: English, abstract: The unexpected result of the Brexit referendum to withdraw from the EU resulted in high levels of political uncertainty, which affected financial markets adversely. To assess whether the Brexit caused disruptions a structural break test was conducted for stock and forex markets. The results suggest that only British stock markets experienced significant disruptions, which was although only minor relative to other...