Our latest paper on Irish economic meltdown (forthcoming in the refereed economics journal Panoeconomicus) is available on ssrn web page for downloads:
Gurdgiev, Constantin, Lucey, Brian M., Mac an Bhaird, Ciaran and Roche-Kelly, Lorcan, The Irish Economy: Three Strikes and You’Re Out? (March 3, 2011) - download here.
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2 comments:
Very, very succinct, excellently written. Congratulations to the four of you. This document is very useful for those who need a quick tour of the key policy decisions and environmental factors that had led us to the current crisis.
I must get around to reading this some time, it looks like it is compiled together pretty well. I liked the graph showing the Irish bank share prices over the years. In the last couple of years, I have gotten to know a few people who had invested in Anglo Irish bank. An academic paper which should be attempted at some stage perhaps, is one in which the analysis is of Anglo Irish share investments, and what exactly prompted its suddent rise. From the graph shown in your paper, I can grasp how Allied Irish bank was a strong share, going back a long, long time in Ireland - and Bank of Ireland sort of kept up the rear at a respectable pace of its own. But then you see the profile for Anglo Irish superimposed upon the two, and one wonders. One really has to wonder, how so much clever much, in large denominations all crammed into Anglo, a relative late comer, and an unknown quantity. I don't know. I've read, listened to and thought a lot about the Irish banking collapse, and I still don't understand quite how Anglo Irish came up like it did, and established such an unusual business model, which clearly did not fit with the general trend in Irish banking stocks.
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