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Ireland's Banking System - Looking Forward

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  • Thorsten Beck

    (Cass Business School, London; Tilburg University)

Abstract

This paper discusses the medium- to long-term perspectives for the Irish banking system. Consistent with the finance-growth literature, financial deepening had a limited impact on growth in Ireland before the crisis and cannot be expected to contribute significantly over the short to medium term. The paper documents that, compared to its benchmark, the Irish banking system is still very unbalanced, with a heavy reliance on international funding, and limited competition. Given its membership in the Eurozone and the EU, Ireland depends very much on global and European regulatory reform trends, some of which are more important for Ireland than other European economies. Critically, the shape and resilience of Irish banking will depend on the shape the Eurozone banking union will take.

Suggested Citation

  • Thorsten Beck, 2014. "Ireland's Banking System - Looking Forward," The Economic and Social Review, Economic and Social Studies, vol. 45(1), pages 113-134.
    • Handle: RePEc:eso:journl:v:45:y:2014:i:1:p:113-134
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    2. Mikhail Stolbov, 2017. "Causality between credit depth and economic growth: evidence from 24 OECD countries," Empirical Economics, Springer, vol. 53(2), pages 493-524, September.
    3. Mary Everett & Jakob de Haan & David‐Jan Jansen & Peter McQuade & Anna Samarina, 2021. "Mortgage lending, monetary policy, and prudential measures in small euro‐area economies: Evidence from Ireland and the Netherlands," Review of International Economics, Wiley Blackwell, vol. 29(1), pages 117-143, February.
    4. Abad-González, Julio & Gutiérrez-López, Cristina, 2016. "Modelización de la solvencia bancaria en escenarios adversos: aplicación a los «PIIGS»," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(2), pages 227-238.
    5. McKillop, Donal G. & Quinn, Barry, 2017. "Irish credit unions: Differential regulation based on business model complexity," The British Accounting Review, Elsevier, vol. 49(2), pages 230-241.
    6. Harrison, Richard & Li, Youwei & Vigne, Samuel A. & Wu, Yuliang, 2022. "Why do small businesses have difficulty in accessing bank financing?," International Review of Financial Analysis, Elsevier, vol. 84(C).
    7. Mikhail Stolbov, 2017. "Causality between credit depth and economic growth: evidence from 24 OECD countries," Empirical Economics, Springer, vol. 53(2), pages 493-524, September.

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    Keywords

    banking; Eurozone; Ireland;
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