| 1. |
- Roth, Felix, et al.
(författare)
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Crisis and Public Support for the Euro
- 2022
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Ingår i: Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy - Essays on Labor Productivity, Monetary Economics, and Political Economy. - Cham : Springer International Publishing. - 1431-1933 .- 2197-7178. - 9783030860233 - 9783030860264 ; 2, s. 157-163
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Bokkapitel (refereegranskat)abstract
- The Eurozone crisis has meant slow growth, rising unemployment and social unrest. This contribution gauges the impact of these negative developments on European citizens’ opinion about the euro and the EU institutions. Using Eurobarometer surveys, the authors find that, within the Eurozone, the crisis has only marginally lowered support for the euro but has led to a sharp fall in public trust in the European Central Bank.
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| 2. |
- Roth, Felix, et al.
(författare)
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Crisis and Public Support for the Euro, 1999–2014
- 2022
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Ingår i: Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy - Essays on Labor Productivity, Monetary Economics, and Political Economy. - Cham : Springer International Publishing. - 1431-1933 .- 2197-7178. - 9783030860264 ; 2, s. 55-91
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Bokkapitel (refereegranskat)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.
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| 3. |
- Roth, Felix, et al.
(författare)
-
Public Support for the Euro
- 2022
-
Ingår i: Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy - Essays on Labor Productivity, Monetary Economics, and Political Economy. - Cham : Springer International Publishing. - 1431-1933 .- 2197-7178. - 9783030860264 ; 2, s. 47-54
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Bokkapitel (refereegranskat)abstract
- The euro as a common currency has recently been the subject of harsh criticism by economists from both sides of the Atlantic, including claims that citizens in some Eurozone countries are turning against it. This contribution argues that, in fact, the euro currently enjoys comfortable popular support in each of the 12 original member states of the Eurozone and that potential upcoming referenda in any of these countries do not appear to pose a threat to the currency. In contrast, popular support for the euro has declined sharply in non-Eurozone EU member states since the recent crisis, with the UK standing out as the country with the most negative view.
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| 4. |
- Roth, Felix, et al.
(författare)
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Revisiting Public Support for the Euro, 1999–2017 : Accounting for the Crisis and the Recovery
- 2022
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Ingår i: Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy - Essays on Labor Productivity, Monetary Economics, and Political Economy. - Cham : Springer International Publishing. - 1431-1933 .- 2197-7178. - 9783030860233 ; , s. 21-45
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Bokkapitel (refereegranskat)abstract
- This contribution explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying up-to-date econometric techniques, the authors revisit the growing literature on public support for the euro. First, we find that a majority of citizens support the euro in nearly all 19 euro area member states. Second, we offer fresh evidence that economic factors are important determinants of change in the level of support for the euro: Crisis reduces support while periods of recovery from unemployment bode well for public support. This result holds for both macroeconomic and microeconomic factors. Turning to a broad set of socioeconomic variables, we find clear differences in support due to education and perceptions of economic status.
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| 5. |
- Roth, Felix, et al.
(författare)
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The Enduring Popularity of the Euro throughout the Crisis
- 2022
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Ingår i: Public Support for the Euro : Essays on Labor Productivity, Monetary Economics, and Political Economy, - Essays on Labor Productivity, Monetary Economics, and Political Economy. - Cham : Springer International Publishing. - 1431-1933 .- 2197-7178. - 9783030860264 ; 2, s. 169-185
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Bokkapitel (refereegranskat)abstract
- 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.
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