Economic crisis as a crisis confidence to economic and political institutions

Abstract

Every economic crisis that affects the world economy, carries enormous economic and financial consequences, which are widely analyzed and discussed in numerous scientific studies, television programs and online media. However, it must not be forgotten, that each economic crisis is accompanied by a crisis of trust in economic and public institutions, which increases the size of the economic and financial collapse and makes difficult to return to the proper economic condition. Trust as a basic component of social capital, has an impact on economic growth, market efficiency, stability and development. The purpose of this article is to define the interconnectedness of the economic crisis and crisis of trust in economic and public institutions.