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What explains Britain’s Brexit shocker?

Barry Eichengreen, professor of economics and political science | June 24, 2016

The result of the U.K. referendum on European Union membership has been a surprise and massive shock to so-called “expert” opinion. And not just to academic opinion: The betting markets, which are supposed to be inhabited by experts at setting odds, were assigning just a one-in-seven probability to a majority for “leave” on the eve … Continue reading »