Examine the exchange rate preferences from the cultural point of view

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How we explain opposition to international procceses Material factors are the

How we explain opposition to international procceses

Material factors are the determinant

of opposition of globalization and social integration (Malhotra et al. 2013, Baker 2003; et al. 2004, Scheve and Slaughter 2001, Kaltenthaler et al. 2004; Mayda and Rodrik 2005)
Findings about relations between symbolic predispositions such as prejudice and nationalism, on the one hand, and opposition to globalization processes, on the other (Dong et al. 2013; Mansfield and Mutz 2009; Margalit 2012; O’Rourke and Sinnott 2001; Rankin 2001; Sabet 2012)
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Puzzle Exchange rate policy is one of the aspects of economic

Puzzle

Exchange rate policy is one of the aspects of economic relations

between countries
preferences toward exchange rate policy should be formulated according material or cultural factors
Purpose of this paper: examine the exchange rate preferences from the cultural point of view
RQ:
Do prejudices have a causal effect on protectionism and consequently to individual exchange rates preferences and why?
When do people forget about prejudices and start thinking rationally?
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Methods and data Survey Experiment (random selection) fielded on a nationally

Methods and data

Survey Experiment (random selection)
fielded on a nationally representative sample

of Finishes
Economic realtions in recent years between Finland and Russia make it possible to test both theory approaches at the same time
Cultural threat (name, keeping constant economic characteristics)
Economic threat (amount of money that Finland will lose if stabilization polici will not be applied)
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H1 policy that might help the integration between Russia and Finland

H1 policy that might help the integration between Russia and Finland

have higher likelihood of rejection among publicity, than the same policy for Sweden and Finland
H2: the higher economic costs of Finish citizens, the less likelihood of rejection that might help the integration between Russia and Finland