Comment: Not much ‘Scottishness’ in a Scotsie 100
The research was driven by the question: what if an independent Scotland follows other newly- independent countries and sets up its own stock exchange?
Coming just weeks ahead of the independence referendum, it focuses attention not only on the considerable number of major companies located in Scotland but also on the merits of having a Scottish Stock Exchange where their shares can be traded. As Paul March and Scott Evans of the LBS point out, of the 32 new, or newly liberalised, independent countries of the last 25 years, all but Turkmenistan and Kosovo have set up stock exchanges.