Nationalisation of the Irish Banking Sector

Dónal Palcic and Eoin Reeves

Chapter 8 in Privatisation in Ireland, 2011, pp 180-208 from Palgrave Macmillan

Abstract: Abstract The global financial crisis that came to a head in the autumn of 2008 has had a dramatic impact on the extent of direct state involvement in economies around the world. It remains too early to determine whether the massive state interventions undertaken to rescue banking systems and other major companies will have a lasting effect in terms of extending and deepening the reach of government in the production of goods and services in the global economy. The fact remains, however, that the current crisis has precipitated the re-entry of the state into sectors that it had largely exited, namely the banking and financial sectors of most industrialised countries. This is particularly true in the Irish case. Whereas the state had withdrawn from the Irish banking sector as a result of privatising its three remaining state-owned banks between 2001 and 2002, the current crisis has resulted in a reversal of this position to an extent that was unimaginable up to a few years ago.

Keywords: House Price; Banking Sector; Property Market; Credit Institution; Banking Crisis (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-29757-9_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230297579

DOI: 10.1057/9780230297579_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().