A Note on Trust in the ECB in the Era of Sovereign Debt Crisis

Konstantinos Drakos, Christos Kallandranis, Socrates Karidis

Research output: Contribution to journalArticle

Abstract

We employ Eurobarometer data on trust in the ECB, exploring whether trust is affected by sovereign credit rating episodes and the participation in economic adjustment programmes (EAPs) (bailout schemes). Controlling for several sociodemographic factors and macroeconomic conditions, we document a substantial negative impact on trust in ECB for countries experiencing downgrade episodes and participating in EAPs.
Original languageEnglish
Pages (from-to)366-368
Number of pages3
JournalApplied Economics Letters
Volume25
Issue number6
Early online date3 May 2017
DOIs
Publication statusPublished - 2018

Keywords

  • ECB
  • Probit
  • Trust

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