ELA, Promissory Notes and All That: The Fiscal Costs of Anglo Irish Bank
AbstractThis is a briefing paper the author distributed to the Irish parliamentary committee responsible for finance and public expenditure. It describes the balance sheet of Irish Bank Resolution Corporation, the organisation that was formed by combining Anglo Irish Bank and Irish Nationwide Buildings Society. The nature of the long-run cost to the Irish state of taking over the liabilities of these institutions is outlined and suggestions are made for reducing these costs.
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Bibliographic InfoPaper provided by School Of Economics, University College Dublin in its series Working Papers with number 201206.
Length: 28 pages
Date of creation: 28 Feb 2012
Date of revision:
Banking Crises; Anglo Irish Bank; Emergency Liquidity Assistance; European Central Bank;
Other versions of this item:
- Karl Whelan, 2012. "ELA, Promissory Notes and All That:The Fiscal Costs of Anglo Irish Bank," The Economic and Social Review, Economic and Social Studies, vol. 43(4), pages 653-673.
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The ECB and Loss-Sharing
by kwhelan in Karl Whelan on 2012-03-08 18:20:29
- The ECB and Bankia
by kwhelan in Karl Whelan on 2012-05-30 08:45:22
- Ireland Debt Negotiations: Not About Interest Rate on Promissory Note
by kwhelan in Karl Whelan on 2012-07-20 11:37:53
- Jean Pisani-Ferry & AndrÃ© Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries: an early assessment," Blueprints, Bruegel, number 779, 11.
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