Sam Bowman's comments on Scotland's currency debate are featured in City AM

The Research Director of the Adam Smith Institute, Sam Bowman, was quoted in a City AM article that highlighted a poll that found the majority of Scots think an independent Scotland should keep the pound.

If an independent Scotland decided to keep the pound it could follow the example of countries such as Ecuador and Panama, which use the US dollar.

Indeed, as the research director of the Adam Smith Institute, Sam Bowman, points out:

An independent Scotland could flourish either by using the pound sterling without the permission of the UK (or by setting up a “ScotPound” pegged to sterling through a currency board, which would achieve a similar end). This ‘sterlingization’ would emulate a number of Latin American countries that use the US Dollar without an official agreement with the US government.

Read the full article here.