TY  - UNPD
A1  - Bursian, Dirk
A1  - Fürth, Sven
T1  - Trust Me! I am a European Central Banker
T2  - SAFE working paper series ; No. 31
N2  - 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.
T3  - SAFE working paper - 31 
KW  - Central Banking
KW  - European Central Bank
KW  - Financial Crisis
KW  - Fiscal Crisis
KW  - Trust
Y1  - 2013
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/31787
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-317873
UR  - http://ssrn.com/abstract=2320447
SP  - 1
EP  - 36
PB  - SAFE
CY  - Frankfurt am Main
ER  -