The era of Brexit and its influence on European Union member states, Europe and the rest of the world
ECU SBL Australia
Place of Publication
Joondalup, Western Australia
School of Business and Law
The Brexit referendum outcome is nothing short of an earthquake affecting stock markets across the world, wiping US$2 trillion off their value. Turmoil in offshore markets can have a large impact on Australia’s economy, markets and trade. To measure these impacts, this and the proposed future research will apply econometric techniques to model dependence between Global, Australian and European Union stock markets. This study will formulate improved understandings of the interdependency of markets, and lead to recommendations for managing these impacts to help policy makers develop a stronger economic framework for Australia, and political leaders to develop constructive relationships with the UK and EU.