Research and analysis

Scotland analysis: Currency and monetary policy

The second paper in the UK government's Scotland analysis series, which looks at Scotland’s place in the UK and how it contributes to and benefits from being part of the UK.


Full report including annex and glossary


Summary leaflet

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Analysis paper

This paper, the second in the series, discusses the characteristics of the current arrangements of the UK as a full monetary, fiscal and political union; and investigates the consequences of independence for the currency and wider macroeconomic framework.

Published 23 April 2013