the Scottish independence issue
Jan 29th 2014, 5:41 pm
#661
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Re: the Scottish independence issue
Sure, Scotland could use the US dollar without problem, just like Ecuador does.
But Scotland could not use sterling without effectively giving up most aspects of independence because few countries use sterling and Britain has a vested interest in not encouraging independence.
There is a really big financial hit in using any currency that you cannot issue.
Euro with EU membership or Scottish Pound with EFTA membership are the only realistic options. Dollarization in theory, but not in practice. Using sterling is tantamount to giving up on independence.
But Scotland could not use sterling without effectively giving up most aspects of independence because few countries use sterling and Britain has a vested interest in not encouraging independence.
There is a really big financial hit in using any currency that you cannot issue.
Euro with EU membership or Scottish Pound with EFTA membership are the only realistic options. Dollarization in theory, but not in practice. Using sterling is tantamount to giving up on independence.
Jan 29th 2014, 6:02 pm
#662
Ping-ponger
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Re: the Scottish independence issue
Jan 29th 2014, 7:14 pm
#665
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Re: the Scottish independence issue
I must have misheard - it was 38 days. Using the tablet so can't paste the link but there's an article written by J Pehe that comes up if you Google "The Czech-Slovak"
The R4 piece was discussing the feasibility of Scotland retaining pound sterling without ceding sovereignty over various aspects of economic policy and presenting the Czech republic-Slovenia failed attempt as an example of how a common currency won't work without some link between economic policy of the countries involved..
The R4 piece was discussing the feasibility of Scotland retaining pound sterling without ceding sovereignty over various aspects of economic policy and presenting the Czech republic-Slovenia failed attempt as an example of how a common currency won't work without some link between economic policy of the countries involved..
Jan 29th 2014, 7:40 pm
#666
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Re: the Scottish independence issue
Jan 29th 2014, 7:46 pm
#667
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Re: the Scottish independence issue
See the sentence beginning "The Slovak currency devalued ..." in the 5th pargraph from the bottom.
Jan 29th 2014, 8:07 pm
#668
Democracy advocate
Joined: Mar 2006
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Re: the Scottish independence issue
Jan 29th 2014, 8:08 pm
#669
Account Closed
Joined: Mar 2004
Posts: 2
Re: the Scottish independence issue
http://www.oanda.com/currency/iso-currency-codes/CZK
They are both called Korunas, but are different.
They are both called Korunas, but are different.
Jan 29th 2014, 8:25 pm
#670
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Re: the Scottish independence issue
It's all explained very clearly in the article I mentioned in Post #665. I just can't paste the link because I'm using this bloody tablet.
Jan 29th 2014, 8:25 pm
#671
Often not so civil...
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Re: the Scottish independence issue
Jan 29th 2014, 8:30 pm
#672
seenbeendonenocriesnowhys
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Jan 29th 2014, 8:35 pm
#673
Account Closed
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Re: the Scottish independence issue
Even if they do not get to vote.
Jan 29th 2014, 9:00 pm
#674
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Jan 29th 2014, 10:44 pm
#675
Lost in BE Cyberspace
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Re: the Scottish independence issue