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Banking on the Nation: How Four Danish Central Bank Governors Used and Reproduced the Logics of National Identity

  • Anders Ravn SørensenEmail author
Article

Abstract

In this article, I analyse the narratives of four Danish central bank governors from the late nineteenth century until the mid-1990s. By conducting a historical analysis informed by neo-institutional theory, I show how these central bank governors were continuously involved in public debates over the appropriateness and desirability of their decisions and policies. In these debates, interpretations and reproductions of Danish national identity were central to the governors’ claims to legitimacy. I argue that past narratives of the Danish central bank and its governors enabled and framed future legitimacy claims and that the central bank and its governors gradually became embedded in national identity. Thus, the article highlights the historical development of the co-configuring relationship between Danish national identity and the legitimacy of monetary organization.

Keywords

Central bank Organizational legitimacy Denmark Institutional logics History National identity 

Notes

Acknowledgements

I thank the Editor and the anonymous reviewers of the IJPCS for their very useful and enlightening comments. I also thank Dan Wadhwani (University of the Pacific) and Per H. Hansen (Copenhagen Business School) for their valuable criticism on earlier versions of the article. The writing of this article has been supported by the Danish central bank, Nationalbanken.

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Department of Management, Politics and PhilosophyCopenhagen Business SchoolFrederiksberg C.Denmark

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