Currency
Would an independent Scotland have to use the Euro?
Author / Creator: Believe in Scotland
Date published:
‘No. Scotland would not have to use the Euro.’
New Money; Central Bank Digital Currencies
Author / Creator: Peter Ryan
Media type: Podcast
Date published: 2021
Central Bank Digital currencies in an Independent Scotland. Craig speaks to Peter Ryan – expert on currency and banking systems and author of several papers for Common Weal and the Scottish Independence Convention - on currency in an independent Scotland.
The SNP must rethink its economic model for an independent Scotland
Author / Creator: Laurie Macfarlane
Media type: Assessment report
Date published:
A critique of the Growth Commission's report. "Far from being an asset to the independence cause, the Growth Commission is its biggest liability. It’s time, as we say, ‘tae think again’."
Transition to a Scottish Currency
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published: 2020
The decision on Scottish independence is a decision for the people of Scotland. When making that decision it should be clear which currency an independent Scotland would use. If the people of Scotland vote for an independent Scotland with its own currency, that democratic mandate should be respected.
Would an independent Scotland have to keep the pound and cut public spending?
Author / Creator: Joël Reland
Media type: Fact check
Date published:
Public spending in an independent Scotland could continue to grow. This does depend on sufficient growth in the economy after independence.
Scottish Currency Group
Author / Creator: Tim Rideout
Media type: Facebook group
Date published:
People working towards the introduction of a Scottish Currency 'as soon as practicable' after Independence Day. A Facebook group.
Scottish Reserve Bank
Author / Creator: Tim Rideout
Media type: Blog
Date published:
The Scottish Reserve Bank website attempts to clear up many of the deliberate myths surrounding the establishment of a new Scottish currency
How to make a Currency: A Practical Guide
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published: 2016?
This is the most detailed and authoritative paper yet produced on how to introduce a Scottish currency in the event of independence.
Backing Scotland’s Currency – Foreign Exchange Reserves for an Independent Scotland
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published:
Examining how an independent Scotland could back and defend a Scottish currency. Rereign reserves can be backed by debt and asset negotition, Sterling currency in circulation in Scotland, foreign exchange swaps with the Bank of England, and issuing Euro bonds.
A Silver Chain – A Critique of the Sustainable Growth Commission’s Monetary Policy Recommendations
Author / Creator: Craig Dalzell
Media type: Review
Date published: June 2018
In May 2018 the Sustainable Growth Commission made its final report, presented as a series of recommendations on the economic, fiscal and monetary case for Scottish independence. This document does not cover the full gamut of policies which would be directly affected by independence nor does it cover the full range of institution building required by a nascent independent state. The report discusses the creation of a “Central Bank”, but creation of other institutions such as energy regulators, customs and borders agencies and foreign and diplomatic services lay outwith its remit.
Scotland’s Fiscal Future
Author / Creator: Craig Dalzell
Media type: Policy Paper
Date published:
The quest for GDP and GDP Growth is not sustainable in a finite world. Metrics such as environmental impact, inequality and wellbeing are far more important and only by elevating them above the quest for “growth at all costs” can a truly fair and sustainable Scotland be created.
Scottish Currency Options Post-Brexit
Author / Creator: Craig Dalzell
Media type: Policy Paper
Date published: July 2016
Setting up a new currency, if an independent Scotland chooses to do so, will involve planning but the steps involved are well understood. Currency options include a formal currency union with either Sterling or the Eurozone; Unilateral use of either currency; or a new Scottish currency. The recommendation is for an independent £Scot
ScotPound: Digital Money for the Common Good
Author / Creator: New Ecconomics Foundation
Media type: Policy Paper
Date published:
The introduction of a digital currency with a new payment system would provide the world’s first publicly owned, not-for-profit national payment system. It would enable Scottish businesses to accept payments without being charged fees by banks and credit card firms. It would be available to all with mobile phones. It would demonstrate that a new national currency can be created and implemented
The introduction plan for the new Scottish Currency
Author / Creator: Tim Rideout
Media type: Policy Paper
Date published: 2020
The introduction of a new currency needs to account for customer deposits and loans and the Sterling pensions guarantee.
Currency Tests
Author / Creator: Tim Rideout
Media type: Policy Paper
Date published: 2020
The Sustainable Growth Commission's tests for to establish a new currency are flawed. A new 7-point set of tests are proposed.
Support for Independence drops significantly if Scotland were to join Euro
Author / Creator: Edward Malnick
Media type: Newspaper article
Date published:
40% Scots less likely to support Independence if Scotland had to join the Euro.
Can an independent Scotland lead the way with MMT?
Author / Creator: The Stirling Wolf
Media type: Blog artcle
Date published:
Putting aside the obvious democratic deficit that independence removes, what we also want to achieve is better schools, hospitals, research and development, infrastructure, public transport, policing and more. We want a better quality of life. Yet with every debate around independence there is always one factor that concerns individuals. The cost.
Is MMT the solution?