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Crisis and Public Support for the Euro, 1999–2014

Roth, Felix ; Jonung, Lars LU and Nowak-Lehmann D, Felicitas (2022) In Contributions to Economics 2. p.55-91
Abstract

This contribution analyses the evolution of public support for the single European currency, the euro, from 1990 to 2014 for a 12-country sample of the euro area (EA-12), focusing on the most recent period of the financial and sovereign debt crisis, starting in 2008. We find that citizens’ support for the euro on average was marginally reduced during the first six years of the crisis, and that support has remained at high levels. While the pronounced increase in unemployment in the EA-12 throughout the crisis has led to a marked decline in trust in the European Central Bank (ECB), it is only weakly related to support for the euro.

Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Economic and Monetary Union (EMU), Euro area crisis, Panel time series estimation, Support for the euro, Trust in the ECB, Unemployment
host publication
Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy - Essays on Labor Productivity, Monetary Economics, and Political Economy
series title
Contributions to Economics
volume
2
pages
37 pages
publisher
Springer Science and Business Media B.V.
external identifiers
  • scopus:85126780449
ISSN
2197-7178
1431-1933
ISBN
978-3-030-86026-4
DOI
10.1007/978-3-030-86024-0_4
language
English
LU publication?
yes
id
3a1b4144-8471-4462-8937-a50c8d70a148
date added to LUP
2022-04-20 15:29:06
date last changed
2024-04-08 01:21:15
@inbook{3a1b4144-8471-4462-8937-a50c8d70a148,
  abstract     = {{<p>This contribution analyses the evolution of public support for the single European currency, the euro, from 1990 to 2014 for a 12-country sample of the euro area (EA-12), focusing on the most recent period of the financial and sovereign debt crisis, starting in 2008. We find that citizens’ support for the euro on average was marginally reduced during the first six years of the crisis, and that support has remained at high levels. While the pronounced increase in unemployment in the EA-12 throughout the crisis has led to a marked decline in trust in the European Central Bank (ECB), it is only weakly related to support for the euro.</p>}},
  author       = {{Roth, Felix and Jonung, Lars and Nowak-Lehmann D, Felicitas}},
  booktitle    = {{Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy}},
  isbn         = {{978-3-030-86026-4}},
  issn         = {{2197-7178}},
  keywords     = {{Economic and Monetary Union (EMU); Euro area crisis; Panel time series estimation; Support for the euro; Trust in the ECB; Unemployment}},
  language     = {{eng}},
  pages        = {{55--91}},
  publisher    = {{Springer Science and Business Media B.V.}},
  series       = {{Contributions to Economics}},
  title        = {{Crisis and Public Support for the Euro, 1999–2014}},
  url          = {{http://dx.doi.org/10.1007/978-3-030-86024-0_4}},
  doi          = {{10.1007/978-3-030-86024-0_4}},
  volume       = {{2}},
  year         = {{2022}},
}