Crisis and Public Support for the Euro, 1999–2014

Felix Roth, Lars Jonung, Felicitas Nowak-Lehmann D

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

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.

Original languageEnglish
Title of host publicationPublic Support for the Euro
Subtitle of host publicationEssays on Labor Productivity, Monetary Economics, and Political Economy
PublisherSpringer Science and Business Media B.V.
Pages55-91
Number of pages37
Volume2
ISBN (Print)978-3-030-86026-4
DOIs
Publication statusPublished - 2022

Publication series

NameContributions to Economics
ISSN (Print)1431-1933
ISSN (Electronic)2197-7178

Subject classification (UKÄ)

  • Economics

Free keywords

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

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