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A note on trust in the ECB in the era of sovereign debt crisis

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  • Konstantinos Drakos
  • Christos Kallandranis
  • Socrates Karidis

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.

Suggested Citation

  • Konstantinos Drakos & Christos Kallandranis & Socrates Karidis, 2018. "A note on trust in the ECB in the era of sovereign debt crisis," Applied Economics Letters, Taylor & Francis Journals, vol. 25(6), pages 366-368, March.
  • Handle: RePEc:taf:apeclt:v:25:y:2018:i:6:p:366-368
    DOI: 10.1080/13504851.2017.1324196
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    Cited by:

    1. Giorgio Liotti & Rosaria Rita Canale, 2021. "Trust in the European Union project and the role of ECB," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(2), pages 461-482, July.

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