| Descript |
xvii, 372 pages : illustrations (black and white) ; 24 cm |
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text txt rdacontent |
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unmediated n rdamedia |
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volume nc rdacarrier |
| Series |
Studies in macroeconomic history |
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Studies in macroeconomic history
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| 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 |
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"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 |
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Includes bibliographical references and index |
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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
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| Subject |
Banks and banking, Central -- Europe
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Banks and banking, Central -- Ireland
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Global Financial Crisis, 2008-2009
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| Alt Title |
Central banking in Ireland and Europe |
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