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We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals disagree on the seriousness of an externality problem, which leads to diverging policy opinions on how to solve it. This heterogeneity has two important effects on trust. First,...
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This paper assessed the response of Nigeria’s capital market to the COVID-19 pandemic using daily observations from the 28th of February 2020 to the 26th of June 2020. The study also examined whether the pandemic had different effects on the different sectors of the capital market in Nigeria....
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