![Lars Jonung. Foto.](/sites/ehl.lu.se/files/styles/lu_personal_page_desktop/public/2024-04/LarsJonung.jpg.webp?itok=-NaIIj3N)
Lars Jonung
Professor emeritus
![Lars Jonung. Foto.](/sites/ehl.lu.se/files/styles/lu_personal_page_desktop/public/2024-04/LarsJonung.jpg.webp?itok=-NaIIj3N)
The Enduring Popularity of the Euro throughout the Crisis
Författare
Summary, in English
This paper analyses the evolution of public support for the euro from 1990 to 2011, using a popularity function approach, focusing on the most recent period of the financial and sovereign debt crisis. Exploring a huge database of close to half a million observations, covering the 12 original euro area member countries, we find that the ongoing crisis has only marginally reduced citizens’ support for the euro – at least so far. This result is in stark contrast to the sharp fall in public trust in the European Central Bank. We conclude that the crisis has hardly dented popular support for the euro while the central bank supplying the single currency has lost ground in public trust. Thus, the euro appears to have established a credibility of its own – separate from the institutional framework behind the currency.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2022
Språk
Engelska
Sidor
169-185
Publikation/Tidskrift/Serie
Contributions to Economics
Volym
2
Dokumenttyp
Del av eller Kapitel i bok
Förlag
Springer Science and Business Media B.V.
Ämne
- Economics
Nyckelord
- ECB
- Euro
- Euro area
- Financial and sovereign debt crisis
- Monetary Union
- Public support
- Trust
Aktiv
Published
ISBN/ISSN/Övrigt
- ISSN: 2197-7178
- ISSN: 1431-1933
- ISBN: 978-3-030-86026-4