Can a common currency foster a shared social identity across different nations? The case of the euro

Buscha, F; Muller, D; Page, L

Can a common currency foster a shared social identity across different nations? The case of the euro

Buscha, F Muller, D Page, L

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Publisher:: ELSEVIER SCIENCE BV
Publication Type:: Journal Article
Citation:: European Economic Review, 2017, 100, pp. 318-336
Issue Date:: 2017-11-01

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Field	Value	Language
dc.contributor.author	Buscha, F
dc.contributor.author	Muller, D
dc.contributor.author	Page, L https://orcid.org/0000-0002-6020-9733
dc.date.accessioned	2022-10-03T05:19:34Z
dc.date.available	2022-10-03T05:19:34Z
dc.date.issued	2017-11-01
dc.identifier.citation	European Economic Review, 2017, 100, pp. 318-336
dc.identifier.issn	0014-2921
dc.identifier.issn	1873-572X
dc.identifier.uri	http://hdl.handle.net/10453/162225
dc.description.abstract	Fostering the emergence of a “European identity” was one of the declared goals of the euro adoption. Now, years after the physical introduction of the common currency, we investigate whether there has been an effect on a shared European identity. We use two different datasets in order to assess the impact of the euro adoption on the fostering of a self-declared “European Identity”. We find that the effect of the euro is statistically insignificant. We interpret this result as suggesting that the euro did not have the desired positive effect on feelings of European identity. This result holds important implications for European policy makers. It also sheds new light on the formation of social identities.
dc.language	English
dc.publisher	ELSEVIER SCIENCE BV
dc.relation.ispartof	European Economic Review
dc.relation.isbasedon	10.1016/j.euroecorev.2017.08.011
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	14 Economics
dc.subject.classification	Economics
dc.title	Can a common currency foster a shared social identity across different nations? The case of the euro
dc.type	Journal Article
utslib.citation.volume	100
utslib.for	14 Economics
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access	*
dc.date.updated	2022-10-03T05:19:32Z
pubs.publication-status	Published
pubs.volume	100

Abstract:

Fostering the emergence of a “European identity” was one of the declared goals of the euro adoption. Now, years after the physical introduction of the common currency, we investigate whether there has been an effect on a shared European identity. We use two different datasets in order to assess the impact of the euro adoption on the fostering of a self-declared “European Identity”. We find that the effect of the euro is statistically insignificant. We interpret this result as suggesting that the euro did not have the desired positive effect on feelings of European identity. This result holds important implications for European policy makers. It also sheds new light on the formation of social identities.

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http://hdl.handle.net/10453/162225