UCD Geary Institute Discussion Paper Series WP2012/03
48 Pages Posted: 20 Feb 2012 Last revised: 20 Dec 2012
Date Written: February 1, 2012
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.
Suggested Citation: Suggested Citation
Clarke, Blanaid J. and Hardiman, Niamh, Crisis in the Irish Banking System (February 1, 2012). UCD Geary Institute Discussion Paper Series WP2012/03 . Available at SSRN: https://ssrn.com/abstract=2008302