Brexit Roadblocks, Potential Blowback For UK, From Financial Theorist Pete Kyle

Brexit Roadblocks, Potential Blowback For UK, From Financial Theorist Pete Kyle by University Of Maryland

SMITH BRAIN TRUST — The debate over whether Great Britain should exit the E.U. — to "Brexit" or not to "Brexit"? — is rippling outward from Europe into the world's major financial markets. The G20 nations, who met in Shanghai last weekend, warned of a "shock" to the world economy if Britain goes its own way.

Unlike Greece, which has also debated leaving the E.U., the U.K.'s economy is relatively solid. It also has more independence than the typical E.U. member, having stuck with the pound over the Euro, which lets its own central bank make decisions about monetary power. It has asserted...