Sounds like a currency union of sorts then.
Oh hang on, it can't be...
When I was living in Malta in 2006 they hadn't joined the Eurozone yet and they still had a central bank with control of their own currency. What you quickly realised about Malta was that nobody had a ****ing clue what they were doing at the best of times - when they moved to Euro in 2008 inward investment rocketed because people were not afraid of wild fluctuations in currency/capital because of mental Maltese central bankers ****ing about with rates.
I can see how it could be beneficial for the likes of the UK with its big population and historically stable political system to have control of its own currency (sort of, I still think nobody really knows what they are doing) - but for small countries such as Scotland an independent currency just adds a huge amount of risk for inward investors. I can't see why an economist would believe that an independent Scottish currency would be useful at all (unless, of course, that economist still somehow believes that economists are not ****ing clueless, and that top-down economic technocracies actually work)
