Currency
Economic Implications for the United Kingdom of Scottish Independence
Author / Creator: House of Lords
Media type: Assessment report
Date published: 2013
The House of Lords assessment of the economic implications of independence before the 2014 referendum.
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.
Scotland’s National Bank – Central Banking in an independent Scotland
Author / Creator: Craig Dalzell
Media type: Policy Paper
Date published: November 2017
an independent Scotland should maintain its own currency. The formation of a central bank and the philosophy behind it should be explained. Scotland’s central bank would be self-funded and self-sustaining and should be publicly owned so as to generate a return for the Scottish Treasury.
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.
Paying Our Way: The Case For A Scottish Payment System
Author / Creator: Peter Ryan
Media type: Policy Paper
Date published:
Scottish authorities could set up a publicly owned, not-for-profit payment system which would reduce fees for banks, businesses and consumers as well as ensuring that more money is injected back into local economies. A secondary effect of this national payment infrastructure would be to make it significantly easier for an independent Scotland to launch its own currency.
An Investment-Led Economic Development Framework For An Independent Scotland
Author / Creator: Common Weal
Media type: Policy Paper
Date published:
Scotland, if independent, could improve its performance across 12 key pillars of its economy. There are a number of economic theories beyond the current one used by the UK. An investment-led economy would include laying down the foundations of a Green New Deal.
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
How To Start a New Country & A Short Guide To Starting a New Country
Author / Creator: Common Weal
Media type: Policy Paper
Date published: August 2021
This is essential reading for both believers in Scottish independence and undecided voters who seek answers to their practical questions about the processes of starting an independent country.
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.