The Irish Economy: Three Strikes and You’re Out?

23 Pages Posted: 6 Mar 2011 Last revised: 28 Aug 2012

See all articles by Constantin Gurdgiev

Constantin Gurdgiev

Monfort College of Business, University of Northern Colorado; Trinity Business School, Trinity College, Dublin

Brian M. Lucey

Trinity Business School, Trinity College Dublin; Jiangxi University of Finance and Economics; Abu Dhabi University - College of Business Administration; Ho Chi Minh City University of Economics and Finance

Ciaran Mac an Bhaird

Dublin City University

Lorcan Roche-Kelly

affiliation not provided to SSRN

Date Written: March 3, 2011

Abstract

We examine the three interlinked Irish crises: the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor government decisions led to the country once dubbed the Celtic tiger become the second eurozone state after Greece to seek a bailout, with the EFSF/IMF intervening in late 2010.

Keywords: debt, banking, bond yields, fiscal, Ireland, IMF, bailout

JEL Classification: F34, G15, G20, E60

Suggested Citation

Gurdgiev, Constantin and Lucey, Brian M. and Mac an Bhaird, Ciarán and Roche-Kelly, Lorcan, The Irish Economy: Three Strikes and You’re Out? (March 3, 2011). Available at SSRN: https://ssrn.com/abstract=1776190 or http://dx.doi.org/10.2139/ssrn.1776190

Constantin Gurdgiev

Monfort College of Business, University of Northern Colorado ( email )

Kepner Hall
800 17th Street
Greeley, CO 80639
United States
80639 (Fax)

Trinity Business School, Trinity College, Dublin ( email )

Aras an Phiarsaigh
College Green
Dublin, Leinster D2
Ireland

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

Jiangxi University of Finance and Economics ( email )

South Lushan Road
Nanchang, Jiangxi 330013
China

Abu Dhabi University - College of Business Administration ( email )

PO Box 59911
Abu Dhabi, Abu Dhabi 59911
United Arab Emirates

Ho Chi Minh City University of Economics and Finance ( email )

59C Nguyen Dình Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Ciarán Mac an Bhaird

Dublin City University ( email )

Ireland 9
Dublin 9, leinster 9
Ireland

Lorcan Roche-Kelly

affiliation not provided to SSRN ( email )

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