Commentary on the White Paper setting out the SNP’s stall for an independent Scotland on a range of economic issues from the currency to fiscal policy.
Briefing notes assesing the implications if Scotland were to vote for independence in 2014.
Catherine Schenk, Professor of International Economic History, talks about the possibilities for an independent Scotland’s monetary presence in a globalised economy.
Dr Angus Armstrong argues that a stable monetary union between Scotland and the rest of the UK will be very difficult to construct and if an independent Scotland is to prosper, it requires a ‘hard’ currency.
By Professor Ronald MacDonald, Research Professor of Macroeconomics and International Finance, Adam Smith Business School, University of Glasgow In this paper, Professor Ronald MacDonald takes on the role of a ‘virtual consultant’ to a potentially independent Scotland. What should the exchange rate regime of an independent Scotland look like? MacDonald argues that the current proposal…