The Fall of the Celtic Tiger: Ireland and the Euro Debt Crisis

Note moyenne 4
( 4 avis fournis par Goodreads )
 
9780199663958: The Fall of the Celtic Tiger: Ireland and the Euro Debt Crisis

By 2000, Ireland had achieved a remarkable macroeconomic performance producing 10% economic growth, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. By November 2010, economic growth was significantly negative, the budget deficit was out of control and the debt to GDP ratio had risen to over 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 produced a fourth crisis, the massive financial crisis of 2010. Against the backdrop of the newly created Eurozone, the book demonstrates the way in which a housing boom was transformed into a property market bubble through excessive credit creation. Accompanying the property market bubble buoyant property related taxes enabled a profligate government to over spend and under tax. Few, both 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), economists, the media, and a property driven populace during the various unfolding 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 and the events that left the government with no alternative but to request a bail out. It considers throughout two questions: who or what was responsible for what happened and in what sense? Could 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 and 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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

About the Author :


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.

Review :


"An excellent guide to the demise of the Celtic Tiger." --The Financial Times


"A fascinating book...an accessible, balanced and independent analysis." --Sunday Business Post


"Required reading." --Irish Independent


"Donovan and Murphy represent the strength and breadth of contemporary Irish economics. Donovan is an experienced technocrat, a veteran IMF staffer with scars from many financial crises to prove it. Murphy is a distinguished economic historian, as well as one of the world's leading authorities on the history of monetary thought. The great virtue of their book is that it does not flinch from asking the question that has been uppermost in the general public's mind from the start but that has proved mysteriously elusive inmost official discussion: who or what, at root, was responsible for the crisis? It is in addressing this crucial question that Donovan and Murphy make their most valuable contribution. The answer to what caused the Irish crisis, they argue, is to be found not at the level of vested interests but at the level of ideas." --The New Statesman


"...this book is the best so far on the Irish financial crisis of 2008." --Foreign Affairs


Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Meilleurs résultats de recherche sur AbeBooks

1.

DONOVANMURPHY
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Quantité : 20
Vendeur
Rem Distributors
(NORWALK, CT, Etats-Unis)
Evaluation vendeur
[?]

Description du livre État : New. Etat de la jaquette : New. Shipped promptly and delivered within 3 to 5 working days. For PO BOX, APO, FPO and Puerto Rico addresses delivery done in 20 to 25 working days. Serving customers since 2006. Thousand of satisfied customers!. N° de réf. du libraire REG_9780199663958_Oxfor_17

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 15,05
Autre devise

Ajouter au panier

Frais de port : EUR 3,39
Vers Etats-Unis
Destinations, frais et délais

2.

Murphy, Antoin E., Donovan, Donal
Edité par Oxford University Press (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 10
Vendeur
PlumCircle
(West Mifflin, PA, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Oxford University Press, 2013. Hardcover. État : New. New item in gift quality condition. Leaves our warehouse same or next business day. Most continental U.S. orders lead time 4-10 days. International - most countries 10-21 days, others 4 weeks. N° de réf. du libraire mon0000742457

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 23,18
Autre devise

Ajouter au panier

Frais de port : EUR 3,43
Vers Etats-Unis
Destinations, frais et délais

3.

Donal Donovan; Antoin E. Murphy
Edité par Oxford University Press (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 1
Vendeur
Irish Booksellers
(Rumford, ME, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Oxford University Press, 2013. Hardcover. État : New. book. N° de réf. du libraire 0199663955

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 26,94
Autre devise

Ajouter au panier

Frais de port : Gratuit
Vers Etats-Unis
Destinations, frais et délais

4.

Donal Donovan, Antoin E. Murphy
Edité par Oxford University Press, United Kingdom (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 10
Vendeur
The Book Depository US
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Oxford University Press, United Kingdom, 2013. Hardback. État : New. Language: English . Brand New Book. 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. N° de réf. du libraire AOP9780199663958

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 39,04
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

5.

Donal Donovan, Antoin E. Murphy
Edité par Oxford University Press, United Kingdom (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 10
Vendeur
The Book Depository
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Oxford University Press, United Kingdom, 2013. Hardback. État : New. Language: English . Brand New Book. 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. N° de réf. du libraire AOP9780199663958

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 39,06
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

6.

Donal Donovan, Antoin E. Murphy
Edité par Oxford University Press 2013-08-07, Oxford (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 5
Vendeur
Blackwell's
(Oxford, OX, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Oxford University Press 2013-08-07, Oxford, 2013. hardback. État : New. N° de réf. du libraire 9780199663958

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 38,03
Autre devise

Ajouter au panier

Frais de port : EUR 3,36
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

7.

DONOVANMURPHY
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Quantité : 5
Vendeur
Bookshub
(Karol Bagh, Inde)
Evaluation vendeur
[?]

Description du livre État : New. New. US edition. Perfect condition. Customer satisfaction our priority. N° de réf. du libraire ABE-FEB-26300

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 43,89
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Inde vers Etats-Unis
Destinations, frais et délais

8.

DONOVANMURPHY
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Quantité : 5
Vendeur
EBOOKSTORE2010
(New Delhi, ND, Inde)
Evaluation vendeur
[?]

Description du livre État : Brand New. New. US edition. Customer Satisfaction guaranteed!!. N° de réf. du libraire SHUB26300

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 43,93
Autre devise

Ajouter au panier

Frais de port : Gratuit
De Inde vers Etats-Unis
Destinations, frais et délais

9.

Donovan, Donal
Edité par OUP Oxford (2013)
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Quantité : > 20
Vendeur
Books2Anywhere
(Fairford, GLOS, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre OUP Oxford, 2013. HRD. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire FU-9780199663958

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 33,97
Autre devise

Ajouter au panier

Frais de port : EUR 10,08
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

10.

Donal Donovan, Antoin E. Murphy
Edité par Oxford University Press
ISBN 10 : 0199663955 ISBN 13 : 9780199663958
Neuf(s) Couverture rigide Quantité : 5
Vendeur
THE SAINT BOOKSTORE
(Southport, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Oxford University Press. Hardback. État : new. BRAND NEW, The Fall of the Celtic Tiger: Ireland and the Euro Debt Crisis, Donal Donovan, Antoin E. Murphy, 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. N° de réf. du libraire B9780199663958

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 38,28
Autre devise

Ajouter au panier

Frais de port : EUR 7,78
De Royaume-Uni vers Etats-Unis
Destinations, frais et délais

autres exemplaires de ce livre sont disponibles

Afficher tous les résultats pour ce livre