The role of trust in the 2008 financial crisis

被引：7
|
作者：
Zingales, Luigi [1 ]
机构：
[1] Univ Chicago, Booth Sch Business, 5807 S Woodlawn Ave, Chicago, IL 60637 USA
来源：
REVIEW OF AUSTRIAN ECONOMICS | 2011年 / 24卷 / 03期
关键词：
Trust; Financial crisis; Financial institutions;
D O I：
10.1007/s11138-010-0134-0
中图分类号：
G40 [教育学];
学科分类号：
040101 ; 120403 ;
摘要：
Financial transactions require trust. This paper analyzes the role of trust in the context of the 2008 financial crisis. In order to find a role for trust, we need to find a role for trust in a standard economic model which differs from the rational expectation of the equilibrium outcome. It is argued that trust dropped dramatically in the Fall of 2008. The consequences and effects of this drop in trust are discussed.
引用
收藏
页码：235 / 249
页数：15
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