Crisis in the Irish Banking System

Blánaid Clarke and Niamh Hardiman
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Blánaid Clarke: School of Law, University College Dublin

No 201203, Working Papers from Geary Institute, University College Dublin

Abstract: Ireland has had one of the most catastrophic experiences of financial crisis in the developed world, in the wake of the global financial crisis of 2008. Unlike the US or Britain though, Ireland’s enormous banking exposure was almost entirely related to property speculation and to the unchecked domestic housing bubble of the preceding ten years. This paper analyses the conditions that led to the crisis, taking account of patterns of corporate governance, regulatory institutions and practices, and the linkages between the banking sector and the political system.

Keywords: financial crisis; banking; corporate governance; regulatory institution; regulatory practices (search for similar items in EconPapers)
Pages: 44 pages
Date: 2012-02-17
New Economics Papers: this item is included in nep-ban and nep-his
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:201203

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