Currency Issues and Options for an Independent Scotland

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…

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Defence of the new realm

By Dr Phillips O’Brien, Director of the Scottish Centre for War Studies at the University of Glasgow. Defence is one of the most contentious issues in the independence debate, with the fate of the naval bases at Faslane and Coulport – and the future of the British nuclear weapons sited there – dominating discussion so…

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