This study elaborates on the impact of Brexit news on British pound exchange rates as well as the credit risk of UK and Eurozone companies. The estimation results show that „good“ and „bad“ Brexit news has an impact on the exchange rates of the British pound. Moreover, the emprical findings suggest that UK credit spreads were more strongly influenced by Brexit news than credit bond spreads in the Eurozone were.This study also analyses the impact of ECB’s annomncements of non-stanard policy measures on financial assets from Denmark, Norway and Sweden.
External publication | 2021 The Impact of Brexit News and ECB's Announcements on Asset Prices: Theory, Empirical Findings and Policy Implications
Korus, A. (2020): The Impact of Brexit News and ECB's Announcements on Asset Prices: Theory, Empirical Findings and Policy Implications, Universitätsbibliothek Wuppertal, Bergische Universität Wuppertal.