Ladies and gentlemen, director, colleagues and friends: it is a great honour and a pleasure to be asked to deliver this year’s Geary lecture, coming, as it does, on the 50th anniversary of the founding of the Economic and Social Research Institute (ESRI). Over the years many eminent economists...

The Irish banking system has been, in effect, on a life-support system since September 2008. Complacency resulted in the banks fuelling the late stage of an obvious construction bubble with massive foreign borrowing, leaving them exposed to solvency and liquidity risks which in past times would...

William Moore Gorman, known to all as Terence, died in Oxford on 12 January 2003. The greatest Irish economist since Edgeworth, he was, like Edgeworth, totally unknown to the general public, both in his native country and in Britain where he made his career. He was the purest of pure theorists,...

Despite anchoring the Irish monetary system to a common zone-wide exchange rate and interest rate, EMU has triggered sizeable exchange rate and especially interest rate shocks to the Irish economy (albeit not appreciably greater than those experienced under previous exchange rate regimes)....