文章基本信息

标题：Overcoming the Banking Crisis in Ireland
本地全文：下载
作者：Muge Adalet McGowan
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：2011
卷号：2011
期号：1
DOI：10.1787/5kg22xztktmx-en
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：Ireland is recovering from an extremely large banking crisis born of over-exuberant property lending. The government has taken a wide range of measures to tackle the crisis over the past 3 years. Larger bad property loans have been transferred to a government controlled "bad bank", NAMA, and the associated heavy losses fully recognised by the banks. NAMA needs to focus on maximising tax payer returns from disposing of this asset portfolio. The banking system was recapitalised in mid 2011 following stringent bank "stress tests", which proved to be a crucial turning point in the crisis by helping to draw a line under losses. Restructuring of the domestic banking system around two core pillar banks is underway but the domestic banking system is still too large. Selling down the banks’ large portfolio of foreign assets will help to downsize the banks. It will assist in reducing reliance on Eurosystem liquidity while minimising the squeeze on domestic credit. As confidence in the financial system is regained, the authorities should further restrict the government guarantee of bank liabilities. Revamped bank regulation and supervision should utilise a wider set of indicators and rules beyond standard capital ratios and pay greater attention to macro-financial linkages.
关键词：government guarantee; stress tests; banking supervision; financial crises; Ireland; financial stability