Corporate Financial Crisis in Ireland PDF Download
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Author: Edward Cahill
Publisher:
ISBN:
Category : Business failures
Languages : en
Pages : 434
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Book Description
This pioneering study examines governance and directors, business strategy, management structure, capital structure, financial control and accounting policies, in cases which cover a variety of manufacturing, service and financial industries.
Author: Edward Cahill
Publisher:
ISBN:
Category : Business failures
Languages : en
Pages : 434
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Book Description
This pioneering study examines governance and directors, business strategy, management structure, capital structure, financial control and accounting policies, in cases which cover a variety of manufacturing, service and financial industries.
Author: Nir Klein
Publisher: International Monetary Fund
ISBN: 1475552173
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and especially smaller domestic firms remain vulnerable. A sensitivity analysis indicates that a non-extreme shock, which comprises a decline in profitability and an increase in interest rates, is likely to push many firms into a vulnerable state and that the share of firms with interest cover ratio of lower than one would triple to nearly fifty percent, largely reflecting the deterioration in the financial health of small firms. In such a scenario, the share of risky debt would increase to the level observed during the financial crisis, resulting in a significant increase in new corporate defaults.
Author:
Publisher: GRIN Verlag
ISBN: 3656935815
Category : Foreign Language Study
Languages : en
Pages : 25
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Book Description
Seminar paper from the year 2015 in the subject Didactics for the subject English - Discussion and Essays, University of Paderborn (Anglistik), course: Fachdidaktik, language: English, abstract: The economy of Ireland was driven to misery by its major banks. In 2008, enormous losses unfolded from the institute's property-related speculations. In order to prevent multiple bank insolvencies, the Irish government decided to guarantee towards their depositors extensively and taxpayers shouldered the burden of debt. At first this paper links Ireland's economic reorientation to its history. Besides recounting crucial events, the main focus of this work is on explaining the conditions that gave rise to the Irish banking crisis.
Author: Stephen Kinsella
Publisher: Orpen Press
ISBN: 1842182218
Category : Business & Economics
Languages : en
Pages : 378
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Book Description
Ireland has experienced the largest destruction of wealth of any developed country during the 2007–10 economic crisis. Understanding Ireland's Economic Crisis brings together policy makers, union representatives and internationally recognised academics to examine Ireland's crisis from many different angles. The objective of this book is to provide an understanding of what caused the crisis and to develop a set of key recommendations to guide Ireland's policy makers into a post-crisis era. Understanding Ireland's Economic Crisis is written for a general audience, and should be of great interest to policy makers, researchers and students. Contributors: Stephen Kinsella (UL), Anthony Leddin (UL), Colm McCarthy (UCD), Brendan Walsh (UCD), Michael O'Sullivan (Credit Suisse), Ronan Lyons (University of Oxford, Daft.ie), Eoin Gahan (Forfás), Morgan Kelly (UCD), Michael Taft (UNITE), Edward Nell (New School for Social Research), K.P.V. O'Sullivan (London School of Economics) and K. Vela Velupillai (University of Trento).
Author: William K. Roche
Publisher: Oxford University Press
ISBN: 0198792379
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
This book presents a systematic analysis of the Great Recession, austerity, and subsequent recovery in Ireland. It discusses the extent to which the Irish response to the recession led to significant changes in economic policy and in business, work, consumption, the labour market, and society.
Author: Donal Donovan
Publisher: Oxford University Press, USA
ISBN: 0199663955
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
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. A highly-readable account of the unprecedented near collapse of the Irish economy, it covers property market bubbles, regulatory incompetency, and disastrous economic policies.
Author: Julien Mercille
Publisher: Routledge
ISBN: 1317952111
Category : Business & Economics
Languages : en
Pages : 235
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Book Description
The European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made. The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.
Author: Ciarán Michael Casey
Publisher: Springer
ISBN: 3319901826
Category : Political Science
Languages : en
Pages : 268
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Book Description
This book seeks to understand why almost all commentators on the Irish economy were unprepared for the scale of the recent economic crisis. It analyses the public contributions from a broad range of observers, including domestic and international agencies, academics, the newspapers and politicians. This approach gives new insights into the analytical and institutional shortfalls that inhibited observers from recognising the degree of the risk. The book demonstrates that most commentators were either impeded in what they could say, or else lacked the expertise to challenge the prevailing view. The findings have significant implications for a broad range of institutions, particularly the media and the Oireachtas (the Irish Parliament).
Author: Donal Donovan
Publisher: OUP Oxford
ISBN: 0191640581
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
By 2000, Ireland had achieved a remarkable macroeconomic performance: 10% economic growth annually, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. Yet, by November 2010, output had collapsed to an extent unprecedented among post war industrial countries, the budget deficit was out of control, and the debt to GDP ratio had soared to around 100%. In an unprecedented development, Ireland was forced to apply for an emergency bail-out package from the Troika (European Commission, European Central Bank, and the International Monetary Fund). This book examines how the Celtic Tiger, a high growth performing economy, fell into a macroeconomic abyss. It is a story that shows how the Irish economy moved from a property market crisis to a banking crisis and fiscal crisis, and how these three crises led to a fourth crisis, the massive financial crisis of 2010. Against the backdrop of the newly created Eurozone, the book demonstrates how a housing boom was transformed into a property market bubble through excessive credit creation. Accompanying the market bubble, buoyant property related taxes enabled a profligate government to over spend and under tax. Few, either in Ireland or Europe, recognised the danger signals because the prevailing economic ideology suggested that financial markets could self-regulate. The book analyses the roles of banks, builders, developers, regulators (the EU, the ECB, the Central Bank of Ireland, and the Irish Financial Regulator), politicians, economists, the media, and a property driven populace during the various stages of the downfall of the Celtic Tiger. It pays particular attention to the decisions to provide a highly controversial comprehensive guarantee for the covered Irish banks in 2008, and the subsequent events that left the government with no alternative but to request the 2010 bail out. Throughout the book, attention is devoted to the allocation of responsibilities for the unfolding crises. First, who or what was responsible for what happened and in what sense? Second, could specific actions have been taken at various stages to prevent the final recourse to the bail out? Finally, the book addresses the future of the Celtic Tiger. It discusses the impact of measures to help resolve the current Euro debt crisis as well as the underlying lessons to be learned from this traumatic period in Ireland's economic and financial history.
Author: André Hakizimana
Publisher: iUniverse
ISBN: 147599172X
Category : Business & Economics
Languages : en
Pages : 129
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Book Description
Irelands economic policies have not served it well in recent years, but not many people understand why the countrys people continue to suffer. Andr Hakizimana, a resident of Ireland who holds a masters degree in economics, examines the countrys economic policies and provides solutions for growth. This study does not intend to criticize Irish policy makers, but instead seeks to address the origins of Irish economic growth, financial crises and Irish recessions. It considers the following questions: What caused economic turmoil in Irelands financial markets in recent years? How have some begun working together to create healthy growth? Why did the country slip into recessions before and after independence? Neither the 2008 recession in Ireland nor the countrys current financial crisis were caused by an international crisis or the crash of the Anglo-Irish bank. Instead, there are fundamental problems in the Irish economic strategy that are to blameand they could continue to hurt the country unless action is taken. Discover a blueprint to grow the economy in Ireland, and learn why past efforts have failed by exploring The Irish EconomyPast, Present, and Future.
