Economic implications of Brexit | Ben Bernanke – Brookings Institution

In this outstanding article published by think tank the Brookings Institution, former head of the Fed, Ben Bernanke discusses the implications of Brexit for the British and global economies.

Source: Economic implications of Brexit | Brookings Institution

He assures us that the biggest financial damage will be to the UK with years of uncertainty. He warns that the long run benefits will never match the costs.

He signals that the risk of another exit vote, especially from a Euro country, could bring an enormous threat to the Euro once again.

However, he suggests that central bankers have been preparing for Brexit for some time.

Thoughts?

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