Smaller is better: Disintegrated nations in an integrated Europe

Edoardo Campanella 12 August 2014

a

A

Throughout the course of history, there are few regions in the world whose map has changed as frequently and abruptly as that of Europe. Nowadays, political forces – less violent and bloody than in the past, but equally destructive – are slowly and imperceptibly eroding the borders of several countries. Tensions within states – not enmities among competing powers – are remodelling the political geography of Europe.

a

A

Topics:  Europe's nations and regions Global governance Politics and economics

Tags:  EU, regionalism, independence, Eurozone crisis, Catalonia, Scotland, separatism, secessionism, Flanders

The economics of Scottish independence in an interdependent world

Andrew Hughes Hallett,

Date Published

Fri, 06/20/2014

a

A

cepr_featured

0

Show in Editors Choice Box?

0

Display Order

0

Display Order

0

eBook

0

Topics

Europe's nations and regions Monetary policy

Partners

CEPR

URL

http://www.cepr.org/active/publications/policy_insights/viewpi.php?pino=73

Vox readers can download CEPR Policy Insight 73 for free here.

Tags
monetary independence, currency union, Scotland, Scottish independence

Scottish independence in an interdependent world: New evidence

Andrew Hughes Hallett 20 June 2014

a

A

Any economy must have a policy framework designed to manage the three basic macroeconomic imbalances:

  • The private financing (savings-investment) gap;
  • The public spending-revenues (fiscal) gap; and
  • The foreign financing (trade) gap.

These imbalances imply a need for financial regulation, fiscal rules, and a currency/monetary policy choice, respectively. A newly independent Scotland would be no exception.

a

A

Topics:  Europe's nations and regions Monetary policy

Tags:  monetary independence, currency union, Scotland, Scottish independence

Scotland would not be better off as an independent nation: results from the Centre for Macroeconomics June Survey

Angus Armstrong, Francesco Caselli, Jagjit Chadha, Wouter den Haan 07 June 2014

a

A

The Centre for Macroeconomics (CFM) - an ESRC-funded research centre including the University of Cambridge, the London School of Economics (LSE), University College London (UCL) and the National Institute of Economic and Social Research (NIESR) - is today publishing the results of its third monthly survey. The surveys are designed to inform the public about the views held by leading UK-based macroeconomists on important questions about macroeconomics and public policy.

a

A

Topics:  Politics and economics

Tags:  devolution, Scotland, Scottish independence

A well-designed sterling union will be needed if Scotland votes for independence

Oliver Harvey, George Saravelos 28 May 2014

a

A

The currency options of an independent Scotland have become a crucial point of contention for both sides ahead of the September 2014 referendum. However, the debate has so far focused on the suitability of different regimes based on the optimal currency area framework or fiscal implications (Armstrong 2013). There has been little focus on the practical issues involved. This is problematic because a breakup of the sterling area would be historically unprecedented and uniquely complex.

a

A

Topics:  Europe's nations and regions Monetary policy

Tags:  monetary independence, currency union, Bank of England, Currency unions, Scotland, sterling, Scottish independence

The Scottish question

Angus Armstrong, Monique Ebell 26 October 2013

a

A

In less than one year, on 18 September 2014, the Scottish electorate will vote on a question of historic significance – should Scotland remain in the UK, or should it become an independent country?

But what would an independent Scotland look like? We think that one important question that has not received nearly enough attention is debt. How will the existing UK government debt be divided between an independent Scotland and the continuing UK – assuming the remaining home nations constitute the continuing UK (Tierney 2013)?

a

A

Topics:  Europe's nations and regions Macroeconomic policy

Tags:  independence, debt, Currency unions, Scotland, sterling

Events