Ireland: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2009/195, IMF Staff Country Reports from International Monetary Fund

Abstract: Following years as a star performer, Ireland is undergoing a painful adjustment as critical internal imbalances unwind. This 2009 Article IV Consultation highlights that the banking system of Ireland is under considerable stress as asset quality has deteriorated and the global financial crisis has tightened access to wholesale funding. Executive Directors have welcomed the actions taken to safeguard financial stability, backed by ready access to European Central Bank financing. Directors have also supported the authorities’ efforts to restructure the financial sector, including the decision to establish the National Asset Management Agency.

Keywords: ISCR; CR; holding; GDP; deficit; holdings exchange rate; balance of payments data; unit wage; property bubble; potential GDP; authorities' effort; exchange rate; quarterly balance of payments data; private sector; Credit; Wages; Global (search for similar items in EconPapers)
Pages: 50
Date: 2009-06-24
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23044 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2009/195

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().