Ireland

Ireland : Lessons from its Recovery from the Bank-Sovereign Loop

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Description

Ireland's major property bubble burst at the same time as the global financial crisis erupted, plunging the country into a severe recession in 2008-10. Public debt climbed rapidly as revenues collapsed. The government lost access to market financing at manageable interest rates, and Ireland entered into a three-year programme of financial assistance from the European Union (EU) and IMF.show more

Product details

  • Paperback | 137 pages
  • 152 x 280mm
  • International Monetary Fund (IMF)
  • Washington, DC, United States
  • 1513587366
  • 9781513587363