Why Europeans Lost Trust in the ECB

by David Herok and Andreas Hoffmann* Since the financial crisis, trust in the European Central Bank (ECB) has declined substantially among Europeans. We argue that the decline in trust is worrisome and can be both a cause and a consequence of the ECB’s policy failure. All modern monetary systems are based on trust. Since central … Continue reading Why Europeans Lost Trust in the ECB

On confidence and/or trust

by Sandy Ikeda In English we often use the words “trust” and “confidence” interchangeably and it usually doesn’t matter. I can say either “I’m confident that this ladder won’t collapse” or more simply “I trust this ladder.” However, I think the second way of stating it, apart from being a little less specific than the … Continue reading On confidence and/or trust