What Equity Markets Said About Brexit-Related Costs to U.S. Banks

In this note, we use data on stock prices and betting market odds of Brexit for the period leading to and including the vote to estimate the magnitude of markets-implied costs of Brexit for U.S. banks.

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Coleman, Nicholas, Niepmann, Friederike, Walz, Stefan
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.02.2018
Subjects
Acquisitions & mergers
EU membership
Title insurance
United States > US
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Summary:In this note, we use data on stock prices and betting market odds of Brexit for the period leading to and including the vote to estimate the magnitude of markets-implied costs of Brexit for U.S. banks.
DOI:10.17016/2573-2129.41