Institutional Reforms in Ireland in response to the National and Global Financial Crises. Challenges and Achievements

Autori/Curatori Yvonne Scannel
Anno di pubblicazione 2015 Fascicolo 2015/1 Lingua Italiano
Numero pagine 16 P. 129-144 Dimensione file 98 KB
DOI 10.3280/SA2015-001010
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

The global banking crisis in 2008 had dire consequences for the relatively small open Irish economy. Ireland was facing the twin problems of: a sharp decline in construction-related taxes and enormous losses by the banks. So to fight against this situation Irish Government agreed in 2010 a Programme with the EU Commission and the International Monetary Fund (IMF), to stabilise the financial sector, restore sustainable public finances, get the economy back to growth and restore Ireland to financial market funding for 2010-2013. The reform measures in the Programme fall under the following headings: Labour Market, Personal Debt, and Competition. However, it is remarkable that in a fiercely litigious country there were no constitutional challenges to the Austerity Programme or Institutional reforms. The relative success of Austerity has led to a situation where the trade unions and representatives of vulnerable and marginalised groups are now suffering from "austerity fatigue" and demanding compensation for the painful cutbacks endured.;

Keywords:Crisi bancaria globale, riforme strutturali, riforme del governo locale

  1. Aghion P., Howitt P. and Mayer-Foulkes D. (2005). The Effect of Financial Development on Convergence: Theory and Evidence. Quarterly Journal of Economics, 120: 173. DOI: 10.3386/w10358.Availableat
  2. Avgouleas E. and Cullen J. (2015). Excessive Leverage and Bankers' Pay: Governance and Financial Stability Costs of a Symbiotic Relationship. Columbia Journal of European Law, 21, 1. DOI: 10.2139/ssrn.2412869..Availableat
  3. Callan T., Keane C., Savage M. and Walsh J. R. (2013). Distributional Impact of Tax, Welfare and Public Service Pay Policies: Budget 2014 and Budgets 2009-2014. The Economic and Social Research Institute, Quarterly Economic Commentary: Special Articles, Winter 2013. Available at (15/03/2015).
  4. Commission of Investigation into the Banking Sector in Ireland (2011). Misjudging Risk: Causes of the Systemic Banking Crisis in Ireland. Dublin: Stationery Office. Available at (15/03/2015).
  5. Central Statistic Office (2014). Releases and Publications (Industry). Available at (15/03/2015).
  6. Dolan F. (2013). REITS: An Introduction and a New Context after the Implementation of AIFMD. Available at (15/03/2015).
  7. Franklin A., Beck T. and Carletti E. (2013). Structural changes in European financial systems: The impact of the regulatory framework on investment in the European Union. In: European Investment Bank. Investment and Investment Finance in Europe. Luxembourg: EIB. Available at (15/03/2015).
  8. International Monetary Fund (2012). Ireland: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding. Available at (15/03/2015).

Yvonne Scannel, Institutional Reforms in Ireland in response to the National and Global Financial Crises. Challenges and Achievements in "RIVISTA TRIMESTRALE DI SCIENZA DELL’AMMINISTRAZIONE" 1/2015, pp 129-144, DOI: 10.3280/SA2015-001010