Trust in financial institutions and central banks

Carin van der Cruijsen and Anna Samarina

Chapter 113 in Elgar Encyclopedia of Public Choice, 2025, pp 796-804 from Edward Elgar Publishing

Abstract: This chapter explores the importance of trust in financial institutions and central banks, which are vital for modern societies and economies. It delves into the differences in their structures and roles, analyzing factors that influence public trust. While examining theoretical frameworks and empirical evidence, the chapter explains how trust impacts financial stability, customer behavior, and policy effectiveness. It further discusses the role of central banks in price stability and how trust in central banks can improve monetary policy transmission. The conclusions underscore the need to maintain and build trust through prudent behavior, financial education, and transparent communication, among others.

Keywords: Trust; Credibility; Financial institutions; Central banks (search for similar items in EconPapers)
Date: 2025
ISBN: 9781802207743
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