Crisis in the Irish Banking System

Posted: 20 Feb 2012 Last revised: 2 Oct 2017

See all articles by Blanaid J. Clarke

Blanaid J. Clarke

Trinity College Dublin - School of Law

Niamh Hardiman

University College Dublin (UCD)

Date Written: February 1, 2012

Abstract

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

Clarke, Blanaid J. and Hardiman, Niamh, Crisis in the Irish Banking System (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 , Available at SSRN: https://ssrn.com/abstract=2008302

Blanaid J. Clarke (Contact Author)

Trinity College Dublin - School of Law ( email )

House 39, New Square
Dublin 2
Ireland
Ph 00353 (0)18961632 (Phone)

Niamh Hardiman

University College Dublin (UCD) ( email )

Belfield
Belfield, Dublin 4 4
Ireland

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