Litercurious Book Review

“Whilst Brexit is inherently political, this research focuses on the economic and financial markets consequences.”

BREXIT, Ani E. Peace, (6 Aug. 2019), Loc 128.

AUTHORS BIO

Peace E. Ani is a lettered academic with an MBA and an Oxford Scholar. Her expertise for the past 15 years has been in the financial services sectors; specifically, in Investment Banking, Asset Management and Specialized Insurance.  

WHO IS THE TARGET AUDIENCE?

Anyone interested in reading about the numerous influences involved in attaining the best BRITEX for the Banking Industry would deem this a thought-provoking read. Students of finance, financial or asset managers, CEO’s of major corporations and economists could benefit from the simplified but enlightening information contained therein. 

SYNOPSIS

BRITEX: The Benefit of Hindsight; King vs Rich Trade-off is a primer for anyone who wants to recognize the likely impact on the Banking Sector dependent upon how the politicians govern the nation. It is not an opinion piece on the ‘soft’ aspects of BRITEX. 

Ani begins by tightly defining her chosen subject and continues to maintain that focus throughout her thesis. She makes good use of empirical as well as graphical data to enhance and inform the reader. The writing, whilst it is scholastic, is always clear and concise. Ani is thoughtful in providing a glossary and a list of terms for the layperson otherwise unfamiliar with the financial jargon. 

The monograph proved to be enlightening and informative, well-paced and not at all dry. In fact, I found her work to be educational and remarkably edifying. It was refreshing to follow a tract that didn’t focus on the myriad of interrelated trivia that has plagued the BRITEX debacle.

The considerable research that Ani put into this piece is evident. Her theories are effectively constructed and cited. It came as no surprise to me that this is part of her doctrinal thesis. I was considerably impressed by her ability to maintain the focus of her writing and the clarity with which she expressed her thoughts. 

I thoroughly did enjoy following this work and I harbor no reservation in heartily recommending it to you. Ani has managed to inform the discussion without sermonizing and has managed to deliver a cogent and concise doctrinal study.

CONCLUSION

To a certain extent, this tome clarifies some of the potential financial implications for the Banking Community. I feel that it is a missed opportunity by excluding the ‘soft’ aspect of the situation; those being the social factors that influenced the ‘leave’ vote in the first place Before I read this book, I thought that it might have limited appeal however, after completing it I’ve completely changed my mind. I currently believe that this is a valuable source of insight for all those involved in the BRITEX experience. If you take the time to peruse this manuscript carefully, you will gain an insight that you may have lacked otherwise.

Pros

I liked the extensive utilization of relevant tables, lists, glossaries, diagrams, and notations. The empirical tabulations were crucial, informative and made delving into the data a cinch. I was impressed by the clarity of the prose as well as the meticulous research and citations. Due to the author’s skill in writing, the manuscript was a far more peasant read than I had at first expected. Although finance can be a terribly droll read for the ‘layman’ the writer managed to deliver an intelligent, well-paced, and informed text. I was equally impressed by the brevity of the work, only 120 pages and yet the subject was focused throughout. The graphics and the illustrations were used where they best suited the conversation. I did find the information interesting and informative but not as timely as I would have expected.  

Cons

Whilst I enjoyed the time and effort utilized in the preparation and illustration of this thesis, I found the dated information in many of the tabulations to be of concern. In a period of electronic economic timescales that can be counted in milliseconds, having charts and tables that are 5 years old to prove an opinion in the present is questionable. Another issue when using such old economic data as a predictor of future performance in support of a thesis is that past performance is not an accurate predictor of future performance. 

I was disappointed that several factors capable of affecting the outcome of BRITEX were absent; for example, the lack of International Banking Bloc activities and responses were missing. There was a lack of speculation on the rapidly deteriorating position of Deutsche Bank and its potential for collapse. Nor did the thesis include the affect arising out of the global market from other Monetary Blocs such as Brazil, Russia, India, China, and South Africa (BRICS). Nor were politically motivated factors influenced by the nations disappointment that democracy had ended as a result of the government defying the will of the electorate included. One alternative BRITEX pathway that was ignored is the establishment of the population to declare a republic as a means of re-establishing the status quo. A good analyst will try to identify the probable outcomes of any given situation, but a great one will consider all potential outcomes and consider strategies for each. I was equally disappointed that there wasn’t more discussion on the titanic forces dragging the world towards a Globalist Financial System; regardless of the wishes of the global population. Globalization represents a genuine missed opportunity and its inclusion I believe would have had the potential to alter the conclusion. I didn’t feel that the key factor, the Customs Union, was explored enough and that conversation should have been examined in more meticulous detail. 

Acknowledgment

My sincere thanks go to: The Author, NetGalley, and the Publisher, for affording me the opportunity to review BREXIT: The Benefit of Hindsight: King vs Rich Trade-off.