Institutional trust and economic policy Lessons from the history of the Euro : : Lessons from the history of the Euro / / Dóra Győrffy.

• Superior document: Title is part of eBook package: De Gruyter Central European University Press eBook-Package 2013-1998
• VerfasserIn: Győrffy, Dóra,
• Place / Publishing House: Budapest ;, New York : : Central European University Press, , [2022]; ©2013
• Year of Publication: 2022
• Language: English
• Physical Description: 1 online resource (238 p.)
• Other title: Frontmatter --; Contents --; List of Figures --; List of Tables --; Preface and Acknowledgments --; CHAPTER 1 Introduction --; CHAPTER 2 Institutional Trust and Individual Decision Making --; CHAPTER 3 Institutional Trust and Policymaking in the EMU --; CHAPTER 4 Fiscal Developments in the EU-15, 1992–2007 --; CHAPTER 5 The Maastricht Process in the CEE-10 --; CHAPTER 6 Financial Crisis in the EU-25 --; CHAPTER 7 The Relevance of Trust for Economic Outcomes --; Bibliography --; Index
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9786155225345; 9783110780550
• DOI: 10.1515/9786155225345
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: Dóra Győrffy.

The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans.