How Long to Read The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum

By Joseph Hanna

How Long Does it Take to Read The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum?

It takes the average reader and 50 minutes to read The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum by Joseph Hanna

Assuming a reading speed of 250 words per minute. Learn more

Description

How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability of "Leave" result caused British stocks (FTSE All-Share) to decline by 0.004 percent, and the Pound to depreciate by 0.006 percent against the euro. We find negative and significant effects for most sub-sectors, and negative spill-overs to other EU member countries. We show that the differential impact across sectors and countries can be explained by differences in the trade exposures.

How long is The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum?

The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum by Joseph Hanna is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum aloud.

What Reading Level is The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum?

The Impact of Political Uncertainty on Asset Prices: The Case of the United Kingdom's EU Membership Referendum is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

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