The Irish Economy: Three Strikes and You’re Out?

Authors

  • Constantin Gurdgiev University of Dublin, School of Business, Trinity College, Dublin 2; IBM Institute for Business Value, Ballsbridge, Dublin 4; Ireland
  • Brian M. Lucey School of Business and University of Dublin, Institute for International Integration Studies, Trinity College, Dublin 2, Ireland; Glasgow Caledonian University, Caledonian Business School, Scotland, UK
  • Ciarán Mac an Bhaird Dublin City University, FIONTAR, Dublin 9, Ireland
  • Lorcan Roche-Kelly Agenda Research, Sixmilebridge, County Clare, Ireland

DOI:

https://doi.org/10.2298/PAN1101019G

Keywords:

Debt, Banking, Bond yields

Abstract

We examine the three interlinked Irish crises : the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor government decisions led to the country once dubbed the “Celtic tiger” become the second eurozone state after Greece to seek a bailout, with the EFSF/IMF intervening in late 2010.

Key words: Debt, Banking, Bond yields.
JEL: F34, G15, G20, E60.

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Published

2011-10-10

How to Cite

Gurdgiev, C., Lucey, B. M., Mac an Bhaird, C., & Roche-Kelly, L. (2011). The Irish Economy: Three Strikes and You’re Out?. Panoeconomicus, 58(1), 19–41. https://doi.org/10.2298/PAN1101019G

Issue

Vol. 58 No. 1 (2011)

Section

Original scientific paper