학술논문
A note on trust in the ECB in the era of sovereign debt crisis.
Document Type
Article
Source
Subject
*Credit ratings
*Economic stabilization
*Unemployment statistics
*Gross domestic product
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Language
ISSN
1350-4851
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. [ABSTRACT FROM AUTHOR]