Scotland’s Currency Options

Reports & Briefings
Clare de Mowbray

The choice of currency arrangement is fundamental to the economics of independence. It matters much more than simply the notes and coins in our pockets. It determines how monetary policy is managed, whether there is a separate exchange rate policy, exposure to financial sector risks and even the scope for fiscal policy. In many ways, the choice of currency arrangement will determine the economic governance of an independent Scotland.

scotlands_currency_options.pdf (454.38 KB, application/pdf)