Monetary Organization and National Identity: A Review and Considerations

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Abstract

This article develops a detailed overview of literature on the relationship between monetary organization, understood as currencies and central banks, and issues of national identity and nationalism. It demonstrates how the literature on this subject for the past 20 years has developed into a distinct research field and the article sketches a set of different methodological approaches as well as geographical and thematical variations within the field. In particular, the overview points to a recent shift in focus from a preoccupation with the identity-cultivating qualities of monetary organization to an emphasis on how collective identities legitimize monetary organization. Based on the literature review, the article points to two underdeveloped themes for future research to investigate: (1) further studies on the interrelation between the legitimacy of monetary organization and national identity, (2) an increased focus on central banks and monetary authorities, as well as the historical development in which monetary organization evolved in concert with ideas of the national identity and nationalism.
Original languageEnglish
JournalJournal of Cultural Economy
Volume9
Issue number2
Pages (from-to)173-185
Number of pages13
ISSN1753-0350
DOIs
Publication statusPublished - 2016

Keywords

  • National identity
  • Legitimacy
  • Money
  • Central banks
  • Nationalism
  • Currencies

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