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

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. 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 e↵ect on a shared European identity. We use two di↵erent datasets in order to assess the impact of the euro adoption on the fostering of a self-declared "European Identity". We find that the e↵ect of the euro is statistically insignificant although it is precisely estimated. This result holds important implications for European policy makers. It also sheds new light on the formation of social identities. JEL codes: D02, D03, D7, H8, Z10, Z18 Terms of use: Documents in

Fostering European Identity

“…being an intra-EU immigrant, Verhaegen, Hooghe, & Quintelier, 2017) to relationships including marriages (Schroedter, Rössel, & Datler, 2015;Van Mol, De Valk, & Van Wissen, 2015). While travelling has a positive effect on European identity, being exposed to a high number of tourists at home does not show any effect on European identity (Buscha, Muller, & Page, 2017). Stoeckel (2016) studies international social interactions of about 1,500 German students and finds that contact increases European identity, particularly for those students who have had a rather weak European identity before.…”

Overcoming History through International Organizations – Historical Roots of EU Support and Euroscepticism

“…The paper mainly contributes to four strands of literature. First, the large and growing literature examining differences in EU support (e.g., Gabel 1998;Hooghe and Marks 2004;Marks and Steenbergen 2004;Sánchez-Cuenca 2000), Euroscepticism (e.g., De Vries 2018;Foos and Bischof 2019), and European identity (Buscha, Muller, and Page 2017;Capello 2018). While the existing literature has yielded many important insights, it has mostly focused on correlational evidence regarding individual level attributes or current domestic politics as explanatory factors.…”