000 01373nam a22002297a 4500
003 ZW-GwMSU
005 20240520124100.0
008 240520b |||||||| |||| 00| 0 eng d
022 _a08887233
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHB90 COM
100 1 _aHonohan, Patrick
_eauthor
245 1 0 _aEuro membership and bank stability :
_bfriends or foes? ; lessons from Ireland
_ccreated by Patrick Honohan
264 1 _aHampshire:
_bPalgrave Macmillan,
_c2010
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aComparative economic studies
_vVolume 52, number 2
520 3 _aHit by loan-losses from a bursting property bubble, the Irish banks were brought to near-collapse, contributing to one of the worst economic downturns of the global crisis. The sharp fall in nominal and real interest rates and the removal of exchange risk from foreign borrowing after euro membership played a part in these events. At the same time, several other countries have got into similar trouble, both recently and in decades gone by, so there is no guarantee that staying out of the eurozone would have prevented something comparable from happening. And the euro provided an anchor as the crisis broke.
650 _aEurozone
_vMembership
_xBanking crisis
_zEurozone, Ireland
942 _2lcc
_cJA
999 _c165561
_d165561