Sun, May 24, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Scottish independence: Keeping pound without currency union ‘would see banks relocate’

Posted on 08 August 2014

Dr Angus Armstrong says going it alone with the pound after independence would leave Scotland’s financial institutions without an effective lender of last resort. Keeping the pound without a formal currency union would force major banks to relocate from Scotland after independence, one of the country’s leading economists predicted.
Dr Angus Armstrong warned that if a separate Scotland goes it alone with the pound – so-called sterlingisation – the lack of an effective lender of last resort would see financial institutions flee south………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40596 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31