Digital platforms regulation - Next session

Speaker: Gabriel Tailleur - University of Amiens & Paris 1 Panthéon-Sorbonne University

Paper : Politicization of Money in the European Parliament: the Ideological Drivers of Support for Cryptocurrencies and the Digital euro

Abstract : During the 9th Legislature, members of the European Parliament (MEPs) engaged in intense discussions on monetary matters, driven by the overlap of cryptocurrencies and digital euro legislative agendas. This unique context allows us to explore the politicization of public and private forms of money within the European Parliament and assess whether it leads to ideologically based polarization. After collecting over 2,500 tweets from 216 MEPs related to both forms of currencies, we employed sentiment analysis and an unsupervised scaling model to investigate the determinants of parliamentary preferences. Our findings reveal deep ideological polarization, with anti-elitism and right-wing economic ideology driving support for cryptocurrencies, while concerns over political control and the legitimacy of monetary institutions underpin opposition to the digital euro. Finally, the congruence of both textual analysis methods
highlights the emergence of a public-private currency dialectic that reactivates heated monetary debates on the centralization of money and political discretion

Relevant information:

• Here the Microsoft Teams link. The session will cover 90 minutes (questions and answers included).
• The working group is part of the activities of the Governance and Regulation Chair at Paris Dauphine-PSL University. The group meets once in two weeks to discuss, share, and present working papers and/or ideas surrounding recent developments in the domain of platform regulation. We have both internal and external presenters to share their work.
• If you would like to present your work or have anyone in mind to present, please send an email to lucas.eustache@dauphine.psl.eu.