Creating a monetary union between an independent Scotland and the rest of the UK requires preventing capital flight

Armstrong, A. (2013). Creating a monetary union between an independent Scotland and the rest of the UK requires preventing capital flight.
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Angus Armstrong explores the practical difficulties of creating a monetary union between an independent Scotland and the rest of the UK. Importantly, a common financial infrastructure is required to convince savers and investors that their money will always be safe in an independent Scotland.

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