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Lars Jonung. Photo.

Lars Jonung

Professor emeritus

Lars Jonung. Photo.

Crisis and Public Support for the Euro, 1999–2014

Author

  • Felix Roth
  • Lars Jonung
  • Felicitas Nowak-Lehmann D

Summary, in English

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.

Department/s

  • Department of Economics

Publishing year

2022

Language

English

Pages

55-91

Publication/Series

Contributions to Economics

Volume

2

Document type

Book chapter

Publisher

Springer Science and Business Media B.V.

Topic

  • Economics

Keywords

  • Economic and Monetary Union (EMU)
  • Euro area crisis
  • Panel time series estimation
  • Support for the euro
  • Trust in the ECB
  • Unemployment

Status

Published

ISBN/ISSN/Other

  • ISSN: 1431-1933
  • ISSN: 2197-7178
  • ISBN: 978-3-030-86026-4