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informal and social bases of trust from three key formal mechanisms of economic confidence (information, contract, regulation …This article explores the role of trust and confidence in economic life, and their relevance to the current financial …
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A great deal of research in psychology and policy studies has demonstrated that when citizens feel fairly treated in their encounters with government agencies, they are more likely to accept and comply with regulatory rules and decisions, to feel included in society and to trust their...
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; regulation …
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and their corresponding low risk. This confidence based on an opaque real risk levels as well as on historically low …
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then proceeds by detailing how an ill-designed policy framework, relying on supposed market approaches to regulation … – including self-regulation and credit rating agencies – enabled TBTF financial institutions to game the system and thereby …
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