The goal of this chapter is to examine the possible effects of an Irish default on the European economy as a whole. We will look at the past performance of the Irish economy, examine the types of debt Ireland holds at the moment in some detail, and discuss what type of default Ireland might...

The paper chronicles the evolution of financial regulation in Ireland, with particular attention given to the roles, responsibilities and actions of those authorities responsible for maintaining financial stability. It examines the role of financial regulation during the property bubble and...

Traditional approaches use balance sheet assessment to forecast bank rescue costs and often underestimate real costs. Thus, governments commit to bailouts without credible forecasts of costs, which can lead to serious fiscal issues. We propose a new approach based on distributional information...