Bursian, Dirk; Fürth, Sven - 2012 - This version: June 2012
In the aftermath of the financial crisis, the ECB has experienced an unprecedented deterioration in the level of trust …. This raises the question as to what factors determine trust in central banking. We use a unique cross-country dataset which … role in the trust-building process. Our results suggest that agents are boundedly rational in the trust-building process …