Ireland : 2009 Article IV consultation : staff report : and public information notice on the Executive Board discussion.

Saved in:

Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2009.
Description:	1 online resource : color illustrations.
Language:	English
Series:	IMF country report ; no. 09/195 IMF country report ; no. 09/195.
Subject:	International Monetary Fund -- Ireland. International Monetary Fund. Global Financial Crisis, 2008-2009. Financial crises -- Ireland. Monetary policy -- Ireland. Fiscal policy -- Ireland. Banks and banking -- Ireland. Banks and banking. Economic history. Economic policy. Financial crises. Fiscal policy. Monetary policy. Ireland -- Economic conditions -- 1949- Ireland -- Economic policy. Ireland.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495131

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund.
ISBN:	1280885475 9781280885471
Notes:	Cover title. "June 2009." Print version record.
Summary:	1. Ireland's ongoing painful adjustment reflects the unwinding of critical internal imbalances. Since the start of the decade, and especially from 2005 to 2007, easy credit fostered a property bubble, bank exposures to property lending soared while reliance on wholesale funding intensified, and international competitiveness was compromised as wages climbed rapidly. On all these dimensions, Ireland had become remarkably vulnerable (Figure 1). Yet, dazzling growth and buoyant public revenues prompted tax reductions and expansion of public expenditures that have proved unsustainable. Various commentators and the IMF in its Article IV consultations did warn that the seemingly-unstoppable growth masked serious imbalances, including the fragility of public finances.
Other form:	Print version: Ireland. Washington, D.C. : International Monetary Fund, ©2009

Similar Items