EconPapers    
Economics at your fingertips  
 

The U.S. and Irish Credit Crises: Their Distinctive Differences and Common Features

Gregory Connor (), Thomas Flavin () and Brian O’Kelly ()
Additional contact information
Brian O’Kelly: Dublin City University

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

Abstract: Abstract: Although the US credit crisis precipitated it, the Irish credit crisis is an identifiably separate one, which might have occurred in the absence of the U.S. crash. The distinctive differences between them are notable. Almost all the apparent causal factors of the U.S. crisis are missing in the Irish case; and the same applies vice-versa. At a deeper level, we identify four common features of the two credit crises: capital bonanzas, irrational exuberance, regulatory imprudence, and moral hazard. The particular manifestations of these four “deep” common features are quite different in the two cases.

Pages: 25 pages
Date: 2010
New Economics Papers: this item is included in nep-ban and nep-bec
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://repec.maynoothuniversity.ie/mayecw-files/N206-10.pdf (application/pdf)

Related works:
Journal Article: The U.S. and Irish credit crises: Their distinctive differences and common features (2012) Downloads
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:may:mayecw:n206-10.pdf

Access Statistics for this paper

More papers in Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2022-05-22
Handle: RePEc:may:mayecw:n206-10.pdf