Journal
INTERNATIONAL REVIEW OF FINANCE
Volume 12, Issue 2, Pages 123-131Publisher
WILEY-BLACKWELL
DOI: 10.1111/j.1468-2443.2012.01152.x
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We conjecture that the changes in economic activity from late 2008 to early 2009 is due to a drop in trust. We present new survey evidence consistent with this hypothesis.
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