Crisis in the Irish Banking System
Blanaid J. Clarke
Trinity College Dublin – School of Law; University of Dublin - Trinity College
University College Dublin (UCD)
February 1, 2012
UCD Working Papers in Law, Criminology & Socio-Legal Studies Research Paper No. 02/2012
UCD Geary Institute Discussion Paper Series WP2012/03
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.
Number of Pages in PDF File: 48Accepted Paper Series
Date posted: February 20, 2012 ; Last revised: December 20, 2012
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