So, Scotland goes all in today; what is your take on the scottish independence referendum?

I posted this on EconTalk over at LinkedIn, thought I’d put it here as well.

So, Scotland goes all in today; what is your take on the scottish independence referendum?

Will it be a yes or a no? And i know that this is a question that is objectively hard to answer, but which would be economically more beneficial for them?

My own take is that IF they decide to leave the UK they will need to settle the question of their currency quickly. Britan says that (as far as i am concerned, correct me if i’m wrong) that they can’t use the pound. So what can they do in the short term? They’d need to create their own currency which apart from being extremely expensive is connected with all sorts of uncertainity and high transaction costs for external parties. If they’d create their own currency surely it would need to be pegged to 1; The british pound or 2; the Euro. A free floating untested currency would be a very high stakes game to enter as I see it. To instill trust in the market and any export partners the currency would need to be pegged to a tried and tested currency.

Anyways, let’s see how this goes. I just thought i’d get a discussion going here about it.

Advertisements

Early Saturday morning..

The alarm on my phone woke me up about an hour ago, and here i am; cross eyed and still pretty sleepy. Some black coffee should take care of that i figured and brewed myself a few cups (or jugs rather, i really like my coffee). Now, why on earth would i drImageag myself out of the comforts of my bed early on a Saturday morning? A justified question indeed… The thing is that i decided that i have some work to do today and since i can’t do any of it later today and tonight due to other (indeed more fun) plans, the best option was to get up fairly early.

In other news the spring semester at Uni has started up well and is running at full steam as we speak. Yesterday the results from our last exam (Macroeconomics) came in and i’m pleased that i can put yet another course behind me now. Microeconomics is in the works right now and it’s going really well so far, it’s the most interesting course so far in my mind, partly since it contains some level of consideration for human behavior, even though the economic theories about man are very simplified. Anyone who who’s taken an introductory course in Microeconomics knows what i’m talking about.

In yet other news the world equity markets appear to have sucked up the heavy turmoil we saw earlier in the week, the past days we’ve seen closings in the green in most of the developed economies, although emerging markets still seem to be suffering from a capital run.

Over and out, have a great weekend anyone who might read this!

26h to exam!

So 2014 is up and running and it’s back to business as usual at school. Our current course is an introductory course in macro economics which started in the begining of December and during our two week Christmas break from scheduled classes, which in all honesty set me back a bit. It has taken some effort to get back to it again, but nevertheless i feel optimistic about the exam on Friday (13:30 to 19:30 which is a pretty crazy schedule for a Friday! ;-))

We had the presentation of our project in this course earlier this week as well, which went pretty well. Me and and a study buddy of mine were handed the task of analyzing the Swedish government debt from a right wing perspective, and suggest ways of administrating it in the future. Fun and educational for sure (possibly only for aspiring economists though ;-))

Enough for this time; over and out!Image

Thoughts about the future –and the SAT!

So today is the last day to get the ducks in row and prepare for the SAT tomorrow; the last chance to take the SAT (or högskoleprovet as it’s called here in Sweden) before applying for college this fall. Originally I, of course, had planned to do a lot more studying for the test…but reality and other chores got in the way. I feel pretty content about my chances tomorrow though, it’s not a stretch to say that they’re ok.

Doing good tomorrow is not a deal breaker for the coming fall no matter what, it’s just that I’d increase the margin to get accepted to my primary school and degree programs.

 

15th of April is the last day to apply for college here and with 99% certainty my application will look somewhat like this:

1st pick: Bachelor of Science in Business Administration or Economics at the University of Gothenburg. Here I  have four different choices for specialization. Analytical, Linguistic – English, Linguistic – Chinese or Linguistic – Japanese. I’m going to apply to all four with English being my top choice.

2nd pick: The same Degree except the specializations above at the University/College of Borås.

 

All of the above will most likely end me up with a Master degree as well.

For second tier back-ups (so to speak) I’m applying to one or two Bachelor’s in Social sciences with a BA or Econ specialization. I plan to throw in a BsC in Logistics there as well.

No matter how the cookie decides to crumble tomorrow I will get a spot at one of the programs above, I know that already, which is a bit comforting. The Lingustic BA programs in Gothenburg are really appealing though, I’d really love a future career in international business and trade. This town always felt a bit too cramped for me to be honest…