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Scotland's currency options

Author

Listed:
  • Armstrong, Angus
  • Ebell, Monique

Abstract

The objective of this paper is to consider which currency option would be best for an independent Scotland. We examine three currency options: being part of a sterling currency union, adopting the euro, or having an independent currency. No currency option is the best when considered against all criteria. Therefore, making the decision requires deciding which criteria are most important.
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Suggested Citation

  • Armstrong, Angus & Ebell, Monique, 2013. "Scotland's currency options," LSE Research Online Documents on Economics 58368, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:58368
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    File URL: https://researchonline.lse.ac.uk/id/eprint/58368/
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    1. is not listed on IDEAS
    2. Angus Armstrong & Monique Ebell, 2014. "Assets and liabilities and Scottish independence," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(2), pages 297-309.
    3. Angus Armstrong & Monique Ebell, 2014. "Assets and liabilities and Scottish independence," Oxford Review of Economic Policy, Oxford University Press, vol. 30(2), pages 297-309.
    4. Angus Armstrong & Monique Ebell, 2013. "Scotland’s Currency Options," Discussion Papers 1302, Centre for Macroeconomics (CFM).
    5. Angus Armstrong & Monique Ebell, 2013. "Scotland’s Currency Options," Discussion Papers 1302, Centre for Macroeconomics (CFM).

    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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