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With the new currency arrangements, they can do this in currencies other than their own.
"Uncertainty about the currency arrangements could raise financial stability issues," he said.
More importantly, uncertainty about currency arrangements and the status of Scotland in the EU would spike immediately," Wood said.
I think there would be challenges for some of those companies remaining even under independence with different currency arrangements.
Since then, developing nations have mostly avoided fixed currency arrangements, a choice that has generally served their economies well.
"In the event of a yes vote, cross-border trading and currency arrangements loom large in businesses' thinking.
Similar(30)
What changed was the currency arrangement.
This makes too much of a mere currency arrangement.
The selling pressure was too much for the British government, and the pound left the currency arrangement.
"You have to make sure your currency arrangement has enough flexibility to deal with a crisis when that day comes," Armstrong said.
"Today the governor clarified that, whatever currency arrangement is chosen, Scotland would require much higher reserves than it could inherit as a share of UK assets.
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