Financial and Regulatory Failure: The Case of Ireland

Here's a new paper with KPV O'Sullivan.

Abstract. The paper chronicles the evolution of financial regulation in Ireland, with particular attention given to the roles, responsibilities and actions of those authorities responsible for maintaining financial stability. It examines the role of financial regulation during the property bubble, in particular, the huge increase in property-backed lending which fueled its growth during the mid-2000s. We examine the impact of ongoing government support to the banking system and the damage which has been done to public finances since the banking crisis.

Click here to get the paper.