Trust Me! I am a European Central Banker
- In the aftermath of the financial crisis, the ECB has experienced an unprecedented deterioration in the level of trust. This raises the question as to what factors determine trust in central banking. We use a unique cross-country dataset which includes a rich set of socio-economic characteristics and supplement it with variables meant to reflect a country’s macroeconomic condition. We find that besides individual socio-economic characteristics, macroeconomic conditions play a crucial role in the trust-building process. Our results suggest that agents are boundedly rational in the trust-building process and that current ECB market operations may even be beneficial for trust in the ECB in the long-run.
| Author: | Dirk BursianGND, Sven Fürth |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-317873 |
| URL: | http://ssrn.com/abstract=2320447 |
| DOI: | https://doi.org/10.2139/ssrn.2320447 |
| Parent Title (German): | SAFE working paper series ; No. 31 |
| Series (Serial Number): | SAFE working paper (31) |
| Publisher: | SAFE |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2013 |
| Year of first Publication: | 2013 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2013/10/10 |
| Tag: | Central Banking; European Central Bank; Financial Crisis; Fiscal Crisis; Trust |
| Page Number: | 40 |
| First Page: | 1 |
| Last Page: | 36 |
| HeBIS-PPN: | 348854099 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
