Government Policy and the Banking Crisis: Vindicated, Misled or Flying Blind?

Main author: Tobin, Damian
Format: Monographs and Working Papers           
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id eprints-23333
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description Almost three years after the onset of Ireland's banking criris public disenchantment continues to increase, aggravated in part by the government's failure to provide a transparent examination for the crisis and an endless stream of revelations on the increasing cost of stabilising the banking system. The government claimed that it acted on the "best available advice" and as a consequence has been able to pin the blame for the crisis on events beyond its control. This think piece argues that the government has long been uncomfortable relying on its own analysis and data. It argues that research available to the government from the Central Bank identified a serious funding gap facing the banking sector from as early as 2006. These dangers were not hidden on the banks' balance sheets as is often claimed.
format Monographs and Working Papers
author Tobin, Damian
author_facet Tobin, Damian
authorStr Tobin, Damian
author_letter Tobin, Damian
title Government Policy and the Banking Crisis: Vindicated, Misled or Flying Blind?
publisher TASC: Think-tank for Action on Social Change
publishDate 2010
url https://eprints.soas.ac.uk/23333/