Trust me! I am a European Central Banker

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SAFE Working Paper ; No. 31

Classification and Topics

• Classification: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Subject: Central Banking ; European Central Bank ; Financial Crisis ; Fiscal Crisis ; Trust

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bursian, Dirk ; Fürth, Sven
• Event: Veröffentlichung
• (who): Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
• (where): Frankfurt a. M.
• (when): 2013

Further information

• DOI: doi:10.2139/ssrn.2320447
• Handle: http://hdl.handle.net/10419/88705
• URN: urn:nbn:de:hebis:30:3-317873
• Last update: 10.03.2025, 11:43 AM CET