Tag: Irish Banks
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Irish Banks : overvalued, overleveraged and underdeposited
This is a horrific snapshot. Its taken from a brand new paper by Thorsten Beck, presented to a conference on the Irish economy today. It compares the Irish banking system as of 2011 to a broad set of international benchmarks. It suggests, in other places that Irish banks need to delever (reduce credit) by about…
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From Hubris to Nemesis: Irish Banks, Behavioral Biases, and the Crisis
From Hubris to Nemesis: Irish Banks, Behavioral Biases, and the Crisis This paper, with Michael Dowling of DCU, takes a look at the behavioral aspects of Irish banks over the crisis period. It is forthcoming in Journal of Risk Management in Financial Institutions, next march. A final version can be downloaded from the link. Abstract…