EconPapers    
Economics at your fingertips  
 

Restructuring and Recovery of the Irish Financial Sector: An Economic Case History V2

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: During the years 2003 to 2008, the Irish domestic financial sector experienced a very fast and poorly controlled expansion, followed by a dramatic collapse. The causes of the Irish credit bubble and bust have been exhaustively examined; see for example Connor et al. (2012), Honohan (2010), Nyberg (2011), Regling and Watson (2010) and additional references therein. Over the next six years, from late 2008 to 2014, the Irish financial sector went through a painful restructuring and slow, modestly successful, recovery. This paper provides an economic analysis of the Irish financial sector’s restructuring and recovery period. The paper considers both domestic and foreign banks operating in Ireland, household and corporate debt, property and other asset markets, and business investment. We analyse what the Irish experience tells us about the economic theory of post-crisis financial sector restructuring and recovery strategies.

Pages: 25 pages
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://repec.maynoothuniversity.ie/mayecw-files/N259-15.pdf (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:may:mayecw:n259-15.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 2022-01-27
Handle: RePEc:may:mayecw:n259-15.pdf