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PRE- AND POST-CRISIS TRUST IN BANKS: LESSONS FROM TRANSITIONAL COUNTRIES

ELVIN AFANDI|Nazim Habibov
경제연구소 (Hanyang Economic Research Institute)|2017.03|Journal of Economic Development|제42권 제1호|pp. 73-94|DOI 10.35866/caujed.2017.42.1.004

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참고문헌

키워드

Financial CrisisTrust in BanksTransitional Countries
주제분류경제학

초록

We study the factors determining the level of trust in banks before and after the 2007- 08 financial crisis and how this crisis reshaped banking trust in transitional countries. We find that younger, rural, educated, banked and generally trusting people tend to have higher confidence towards banks in both periods. Among country-level covariates, growth rate of GDP and Rule of Law remain significantly associated with banking trust in both periods. Finally, our findings indicate that the financial crisis has temporary impact on trust in banks since pulling back the rate of GDP growth tends to recover banking trust.

Abstract

We study the factors determining the level of trust in banks before and after the 2007- 08 financial crisis and how this crisis reshaped banking trust in transitional countries. We find that younger, rural, educated, banked and generally trusting people tend to have higher confidence towards banks in both periods. Among country-level covariates, growth rate of GDP and Rule of Law remain significantly associated with banking trust in both periods. Finally, our findings indicate that the financial crisis has temporary impact on trust in banks since pulling back the rate of GDP growth tends to recover banking trust.

참고문헌 (35)

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