期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2012
出版社：European Central Bank
摘要：We study the determinants of trust in the ECB as measured by the Eu- ropean Commissions Eurobarometer survey. The formulation of the corre- sponding question in this survey is very general, and compatible with very di¤erent notions of "trust" by respondents. In particular, the survey does not ask whether respondents trust that the ECB delivers on its mandate. Still, the ECB started with a relatively high level of trust right from the outset, especially in comparison with national institutions (other than central banks). However, with the onset of the global nancial crisis, trust started to fall. It also continued to fall after 2010, a period not covered by our analysis. We nd that the fall in trust until spring 2010 can be rather well explained based on the pre-crisis determinants, and show that it reected the macroeconomic de- terioration, a more generalised fall in the trust in European institutions in the wake of the crisis as well as the severity of the banking sectors problems, with which the ECB was associated in the public opinion. Finally, we show that a higher degree of knowledge about the ECB generates more trust in normal times and even more so during the nancial crisis.
关键词：Trust; Eurobarometer; global nancial crisis; public opinion;European Central Bank.
