Explaining European Union Citizens’ Trust in the European Central Bank in Normal and Crisis Times
研究了欧盟公民对欧洲中央银行信任的决定因素，发现危机期间信任下降可由危机前的因素解释，并反映了宏观经济恶化、对欧洲机构信任下降及银行业问题严重性。
Abstract We study the determinants of trust in the European Central Bank (ECB) as measured by the European Commission's Eurobarometer survey, in particular during the global financial crisis and the European sovereign debt crisis. We find that the fall in trust in the ECB in crisis times can be rather well explained based on the pre‐crisis determinants. We also show that the fall in trust reflected the macroeconomic deterioration, a more generalized fall in the trust in European institutions in the wake of the crisis, and the severity of the banking sector's problems, to which the ECB was associated in the public opinion.