Publisher:
Centre on Constitutional Change
Alternative Published Date
2023
Category:
Type of Resource:
Report
Fast Facts
Independent governments in countries similar to Scotland rely overwhelmingly on borrowing in their own currency
More details
If Scotland issues a bond [before independence] ... the relative trading performance – ignoring overall market conditions – will be driven by investors’ assessment of a combination of the likelihood of independence and the consequences for creditworthiness of independence.
There will be ways of construing the market’s message..., but the complexity of these methods means any political impact seems unlikely.
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