Ashoka Mody, Columnist

Drop the U.K. Panic Talk and Protect Global Markets

After whipping up hysteria about Britain leaving the EU, officials now need to reassure the world it will be OK.

June 21, 2016 at 6:00 AM UTC

Ashoka Mody is a visiting professor in international economic policy at Princeton University. Previously, he was a deputy director at the International Monetary Fund's research and European departments. He is the author of "EuroTragedy: A Drama in Nine Acts."

Nervous markets.
Photographer: Jason Alden/Bloomberg

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The doomsday narrative of British Prime Minister David Cameron, the Bank of England and their official friends around the world is setting a course for a self-fulfilling financial panic. They insist that the British economy will be permanently poorer and global markets will be roiled if the British public votes to leave the European Union in a referendum on Thursday.

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