Currency

Scotland’s Currency Dilemma

Author / Creator: William Thomson

Media type: Article

Date published: 2024

“the economic framework underpinning Scottish independence is dangerously misguided and likely to lead to a worse economic situation than we experience as part of this dysfunctional Union.”


How easily could an independent Scotland set up its own currency?

Author / Creator: Believe in Scotland

Media type: Article

Date published: 2023

New currencies can be created and launched both quickly and effectively.


How easily could an independent Scotland set up its own currency?

Author / Creator: Believe in Scotland

Media type: Article

Date published: 2023

mini case studies to highlight the positives of adopting a new currency


How easily could an independent Scotland set up its own currency?

Author / Creator: Believe in Scotland

Media type: Article

Date published: 2022

"several mini case studies ... highlight the positives of adopting a new currency and will provide examples of recently independent countries that have created and launched their own currency both quickly and effectively"


Scotland: Currency Options and Public Debt

Author / Creator: Angus Armstrong

Media type: Article

Date published: 2014

What currency option would be best for an independent Scotland


Currency options for an independent Scotland

Author / Creator: GEMMA TETLOW

Media type: Article

Date published: 2021

"Concerns about currency stability could be minimised ... by an independent Scotland putting in place strong, independent institutions ... and demonstrating a commitment to low and stable inflation and to sustainable fiscal policy.


An Independent Scotland’s Currency Options Redux: Assessing the Costs and Benefits of Currency Choice

Author / Creator: Ronald Macdonald

Media type: Working Paper

Date published: 2014

The only currency option that maximizes the benefits and minimizes the costs of independence is that of a separate currency.


What would the currency options be for an independent Scotland?

Author / Creator: Ronald Macdonald

Media type: Article

Date published: 2022

Scotland can 

  • use Sterling
  • join a monetary union
  • establish its own currency


WHERE DOES MONEY COME FROM?

Author / Creator: ANDREW JACKSON

Media type: Report

Date published: 2012

A guide to the UK monetary and banking system


The SNP’s Currency Proposals

Author / Creator: Iain Hardie

Media type: Review

Date published: 2022

"On the surface, the government’s proposals on currency appear little changed from the Scottish Growth Commission (SGC)... However, this masks significant changes in the new proposals."


Twenty-First Century Central Banking and an Independent Scotland’s Currency Choice

Author / Creator: Iain Hardie

Media type: Report

Date published: 2022

"Having the full range of monetary policy options is essential for financial stability. [It enables] an independent Scotland’s government to protect its citizens in crises, whether global or more local.”


How governments create money

Author / Creator: Richard Murphy

Media type: Video

Date published: 2021

Governments create money through the power of taxation.


Does Scotland need its own currency after independence?

Author / Creator: Richard Murphy

Media type: Video

Date published: 2020

Scotland requires its own currency.


Why we don’t need to fear inflation

Author / Creator: Richard Murphy

Media type: Video

Date published: 2022

What inflation is and how to cope with it.


How do we Pay for it [currency]?

Author / Creator: Richard Murphy

Media type: Video

Date published: 2022

Creation of money, a description by Richard Murphy


The Road to the Scottish Currency

Author / Creator: Scottish Currency Group

Media type: Book

Date published: 2022

Q & A on the Scottish Currency


What is Money?

Author / Creator: Richard Murphy

Media type: Video

Date published: 2022

Money is a promise to pay


A Response to John Kay Part 1

Author / Creator: Mammoth Whale

Media type: Blog

Date published: 2021

A critique of John Kay's view of Modern Monetary Theory.


Soft Currency Economics II (MMT – Modern Monetary Theory

Author / Creator: Warren Mosler

Media type: Book

Date published: 1993

  • what is money;
  • why debt monetization and the money multiplier are myths;
  • how fiscal and monetary policy can be used effectuate full employment;
  • deficits do not cause countries to default on their debt unless that is the decision.


Putting citizens at the centre of Scotland’s economic policies

Author / Creator: Jim Byrne

Media type: Blog

Date published: 2022

A call for a new model to derive economic polices. Modern Monetary Theory (MMT) is a practical-based model that looks after the welfare of a nation's citizens.