Crisis of Confidence: The 2008 Global Financial Crisis and Public Trust in the European Central Bank
Document Type
Article
Publication Date
4-25-2016
Publication Title
European Politics and Society
DOI
10.1080/23745118.2016.1168970
Abstract
The global financial crisis of 2008 shocked the world, and its effects continue to be widespread. Now, many citizens in the European Union have lost confidence in the ability of their central bank to manage financial crises. What factors influence the extent to which the European public will trust the European Central Bank (ECB) and by consequence delegate authority in monetary policy to it? We argue that if citizens are more optimistic about economic recovery, they will be more likely to trust the ECB and thus delegate authority to it. We test our arguments using Eurobarometer data and find that economic optimism has a strong impact on both trust in and delegation to the ECB.
Recommended Citation
Scalera, Jamie, Melissa Crosby Dixon.
2016.
"Crisis of Confidence: The 2008 Global Financial Crisis and Public Trust in the European Central Bank."
European Politics and Society, 17 (3): 388-400: Taylor & Francis Online.
doi: 10.1080/23745118.2016.1168970
https://digitalcommons.georgiasouthern.edu/poli-sci-facpubs/219
