The Implications of Brexit on International Financial Markets

Abstract

Brexit means the exit from the EU of one of the biggest military powers of the continent, with an important geostrategic position, which will generate serious effects on the British economy, market volatility, access to the single European market. Brexit represents a destabilizing factor for the European economy and can be considered a major cause of the need for a strategic readjustment of the EU. After the exit, Great Britain in the EU, it had to redefine its economic and financial policy, adapting to the new post-Brexit realities and seeking to maintain its international competitiveness. Brexit has also generated significant changes in terms of financial regulation, supervision of markets and capital flows, having a wide impact on the British and European financial sector. CZU: 338.1(410):339.7; JEL: F36, F51, G15, O19