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Author Honohan, Patrick, author
Title Currency, credit and crisis : central banking in Ireland and Europe / Patrick Honohan, Trinity College, Dublin
Imprint Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2019
book jacket
 Modern History Library  332.110941 H774    AVAILABLE    30550100670452
 Euro-Am Studies Lib  332.1 H759 2019    DUE 03-24-25  -  30500101569815
Descript xvii, 372 pages : illustrations (black and white) ; 24 cm
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unmediated n rdamedia
volume nc rdacarrier
Series Studies in macroeconomic history
Studies in macroeconomic history
Note "The global financial crisis in 2008 brought central banking to the centre stage, prompting questions about the role of national central banks and - in Europe - of the multi-country European Central Bank. What can central banks do, and what are their limitations? How have they performed? Currency, Credit and Crisis seeks to provide a coherent perspective on the functions of a central bank in a small country by assessing the way in which Ireland's financial crisis from 2010 to 2013 was handled. Drawing on his experiences as Governor of the Central Bank of Ireland and in research and policy work at the World Bank, Patrick Honohan offers a detailed analytical narrative of the origins of the crisis and of policy makers' conduct during its most fraught moments"-- Provided by publisher
"It would be an understatement to say that Ireland's economic and financial condition in late 2010 was extraordinarily stressed. Numbers at work had fallen by about 15 per cent. The Government's borrowing requirement had been reported at the astonishing equivalent of more than a third of annual national income. Every one of the country's main banks needed a capital injection in order to avoid their insolvency"-- Provided by publisher
Includes bibliographical references and index
Machine generated contents note: Introduction; Part I. Currency: 1. Fixed or floating; 2. Toward the euro; 3. The euro area crisis; Part II. Credit: 4. Safe and sound banking; 5. Faults in financial services; 6. The role of the central bank; Part III. Crisis: 7. The guarantee; 8. The race to stabilize the banks; 9. The Bailout; 10. Cleaning-up; Part IV. Taking Stock: 11. The European decade of bank failure; 12. The Irish economy in boom and bust; 13. Lessons learnt
Link ebook version : 9781108596039
Subject Banks and banking, Central -- Europe
Banks and banking, Central -- Ireland
Global Financial Crisis, 2008-2009
Alt Title Central banking in Ireland and Europe
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