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the last decade in Europe from a comprehensive cross-country perspective: Size, age and trust are relevant for the …
Persistent link: https://www.econbiz.de/10011962108
those with free and fair elections, voters do the opposite. Low social trust can account for this paradox: voters must act … collectively to shape political incentives, but low trust among voters is an obstacle to collective action. If every voter believes … logic, low social trust prevents voters from sanctioning politicians who renege on their promises. Frequent reneging on …
Persistent link: https://www.econbiz.de/10012154891
Do individuals trust experts' advice? Does the sector represented by these experts matter for trust and compliance? Do … for individuals with a low level of trust in the public sector, there is widespread agreement that governments should be …
Persistent link: https://www.econbiz.de/10014455469
The aim of this paper is to investigate the market efficiency on the foreign exchange market since the introduction of the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure of the global foreign exchange market to the extent...
Persistent link: https://www.econbiz.de/10003582754
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We investigate the relationship between individual trust and individual economic performance. We find that individual … income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled … cheated, but give up profitable opportunities, therefore underperforming. The cost of either too much or too little trust is …
Persistent link: https://www.econbiz.de/10008729239
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In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low … total of 312 observations, this paper detects a structural break in citizens’ trust in the ECB. The paper confirms that … during the pre-crisis period, citizens’ trust in the ECB was driven by economic growth. In crisis time, however, trust in the …
Persistent link: https://www.econbiz.de/10009711914