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

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

Constantin Gurdgiev

Trinity College, Dublin; Middlebury Institute of International Studies at Monterey (MIIS)

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Ljubljana - Faculty of Economics

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, Ciaran 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

Trinity College, Dublin ( email )

Trinity College
Dublin 2

Middlebury Institute of International Studies at Monterey (MIIS) ( email )

460 Pierce St
Monterey, CA 93940
United States

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)

University of Ljubljana - Faculty of Economics ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

Ciarán Mac an Bhaird

Dublin City University ( email )

Ireland 9
Dublin 9, leinster 9
Ireland

Lorcan Roche-Kelly

affiliation not provided to SSRN ( email )

Paper statistics

Downloads
1,566
Rank
8,040
Abstract Views
5,694