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Ireland: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

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  • International Monetary Fund

Abstract

Following years as a star performer, Ireland is undergoing a painful adjustment as critical internal imbalances unwind. This 2009 Article IV Consultation highlights that the banking system of Ireland is under considerable stress as asset quality has deteriorated and the global financial crisis has tightened access to wholesale funding. Executive Directors have welcomed the actions taken to safeguard financial stability, backed by ready access to European Central Bank financing. Directors have also supported the authorities’ efforts to restructure the financial sector, including the decision to establish the National Asset Management Agency.

Suggested Citation

  • International Monetary Fund, 2009. "Ireland: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion," IMF Staff Country Reports 2009/195, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/195
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    Cited by:

    1. O' Mahony, Tadhg & Zhou, P. & Sweeney, John, 2013. "Integrated scenarios of energy-related CO2 emissions in Ireland: A multi-sectoral analysis to 2020," Ecological Economics, Elsevier, vol. 93(C), pages 385-397.
    2. Kelly, Eilish & McGuinness, Seamus & O'Connell, Philip, 2009. "Benchmarking, Social Partnership and Higher Remuneration: Wage Settling Institutions and the Public-Private Sector Wage Gap in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 40(3), pages 339-370.

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