an independent Scotland that would mainly be selling its bonds to its own domestic population? I would be staggered if an independent Scotland could not have a very large domestic market for ‘Save for Scotland’ products.
Canny people with their own money, the Scots. I’d rather expect to see a rat run for the border and a very large domestic market for “Save Outside Scotland” products myself.
After all, the last time an independent Scottish government, as opposed to individuals, was in charge of its own currency it delivered Darien. Or didn’t deliver Darien, as it turned out.