Britain's Exit from the European Union and Its Impact on the Stock Market and the Comparison of the Value of the Euro against the Pound

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Dr. Resul Apak, Hasan Akgedik, Farshad Ganji

Abstract

Since the formation of the European Union, various theories have sought to examine why, how, and the results of the convergence process. Neo-functionalists emphasize the role of internal consensus and intergovernmental negotiation in the expansion of intergovernmentalism, constructivists emphasize identity issues and interactions between objects, institutionalists emphasize the formation of transnational institutions, and neo-realists emphasize the balance of power in the international system. With the crisis in Europe, thinkers have once again turned their attention to the region to analyze the trend. The question that arises here is: Can any of these theories analyze the current (critical situation) of the European Union? In other words, which of them can be a good theoretical basis for analyzing the critical situation of the European Union? The answer to this question is that "most theories can analyze the growing conditions of convergence, but among them, intergovernmental theory can better analyze the current situation. Therefore, the aim is to examine the possibility of using Convergence After mentioning the introduction of the formation of the European Union and its critical conditions, theories of convergence and its impact on the stock market are examined by emphasizing the current situation in Europe and comparing the rise or fall of the EU currency against the British pound. Finally, a conclusion is presented.

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