The stock market is forward looking; economic indicators and important future events are factored into stock prices. According to the Efficient Market Hypothesis†, markets operate efficiently and stock prices instantly and stock prices instantly reflect all information available. However, inefficiencies in the stock market exist due to the behaviors and expectations of investors. Stock prices m...

In this paper, we study the cross-market effects of Brexit on the stock and bond markets of nine major countries in the world. By incorporating information theory, we introduce the time-varying impact weights based on symbolic transfer entropy to improve the traditional GARCH model. The empirical results show that under the influence of Brexit, flight-to-quality not only commonly occurs between...

As if the process or withdrawal from the European Union were not already complex enough in itself, the Brexit vote has also reopened constitutional questions for the United Kingdom. Scotland’s devolved government is calling for a new independence referendum and seeking a special arrangement with the EU. Northern Ireland has drawn less attention but is politically at least as significant: Brexit...

The articles in this issue were all commissioned in the immediate aftermath of the UK’s Brexit referendum result in June 2016 and the election of Donald Trump as President of the United States in November 2016 to present a rapid sociological response to the challenges and questions posed by these tumultuous events. Ostensibly these are two very different kinds of political events. The Brexit re...

Brexit could have a major impact on EU development and humanitarian policies. However, although Brexit is highly likely to happen, there are still uncertainties about the UK’s new foreign policy approach and its repercussions on aid. The UK may act under three different scenarios (nationalist, realist, cosmopolitan) with different consequences for EU aid. The UK’s leaving would challenge the EU...

This paper looks at the results of the referendum on the United Kingdom membership to the European Union in order to test the link between the internationalization of the local economy and the openness of the local society as factors associated with the Leave vote (Brexit). The paper compares a number of alternative explanations put forward in the public debate after the referendum. The empiric...

This thesis aims to provide a case study for a critical theory of mythopoetics, via analysis of four ‘Brexit narratives’: The Bad Boys of Brexit by Arron Banks, Unleashing Demons by Craig Oliver, All Out War by Tim Shipman and The Brexit Club by Owen Bennett. My objective is to demonstrate the prevalence of mythopoetics in political and historical discourse, via analysis of four competing polit...

Few Londoners could have missed the headline on the front of the Evening Standard on 10 July 2017: “Cancer patients in Brexit scare.” The headline arose from a warning by the Royal College of Radiologists that the UK’s proposed withdrawal from Euratom (the European Atomic Energy Community) threatened the supply of some widely used medical radioisotopes. Government ministers dismissed it, descri...