The Fall of the Celtic Tiger

An excellent guide to the demise of the Celtic Tiger.

Auteur
Donal Donovan is a Member of the Irish Fiscal Advisory Council, Adjunct Professor at the University of Limerick, and Visiting Lecturer at Trinity College Dublin. He is a former deputy director at the International Monetary Fund with considerable experience in the area of financial crises. He has advised in the preparation of two major reports on the Irish financial crisis. He is a member of the newly appointed Fiscal Advisory Council of Ireland. Antoin E. Murphy is Professor Emeritus of Trinity College Dublin. He is the author of three books published by Oxford University Press. He is an expert in the area of the history of economic thought and has a deep historical knowledge on asset market bubbles and financial crises.

Texte du rabat

Examines how the Celtic Tiger, an economy that was hailed as one of the most successful in history, fell into a macroeconomic abyss necessitating an unheard of bail-out. It covers property market bubbles, regulatory incompetency, and disastrous economic policies. A highly readable account of the unprecedented near collapse of the Irish economy.

Contenu

• Preface

• Introduction

• Part I: Background

• 1: The Rise of the Celtic Tiger

• Part II: The Lure of Free Markets

• 2: Ideology and Financial Innovation

• 3: Asset Bubbles and Financial Crises

• Part III: The Build up to the Irish Crisis

• 4: The Banks and the Property Bubble

• 5: The Failure of Irish and European Regulation

• 6: The Makings of the Fiscal Crisis

• 7: The Climate of Public Opinion: Politicians, Economists, and the Media

• Part IV: The Crash

• 8: The Storm Clouds Gather

• 9: The Bank Guarantee of End: September 2008

• 10: From the Guarantee to the Bail Out

• Part V: After the Crash

• 11: What of the Future?

• 12: Conclusions