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Events

Determinants of Trust in Institutions in Times of Crisis: Evidence from Europe

October 22, 2018

Online

  • PRESENTATION

    Strong institutions empower economies by ensuring a stable operating environment, smoother transmission mechanisms, less costly and less risky economic interactions, a credible set of property rights, and respect for the rule of law. However, there has been a notable erosion of trust in the effectiveness of public institutions. Lack of trust in institutions typically mirrors their failure to function in line with the expected standards leading to a weak state-society relation.

    During this session, Dr. Christos Kallandranis shared the results of a study that uses micro-level data from the Eurobarometer to explore the determinants of trust across countries in Europe. Participants learned the importance of social capital, how weak economies accelerate distrust in key institutions; and the effects of financial adjustment programs on trust in institutions.

  • OPENING REMARKS

    David Gould, Lead Economist, Europe and Central Asia, World Bank

    CHAIR

    Roby Senderowitsch, Practice Manager, Governance Global Practice, Europe and Central Asia - West, World Bank 

    SPEAKER

    Christos Kallandranis, Senior Lecturer in Finance, Regent’s University London

    DISCUSSANTS

    Mario Guadamillas, Practice Manager, Finance, Competitiveness and Innovation, Global Practice, World Bank

    Waleed Malik, Senior Public Sector Specialist, Governance Global Practice, World Bank

    Gladys Senderayi, Young Professional, Governance Global Practice, World Bank