Trinity College Dublin

Skip to main content.

Top Level TCD Links

International Financial Flows and the Irish Crisis

Philip R. Lane
Trinity College Dublin

IIIS Discussion Paper No. 444

This paper explores the contribution of international financial flows to the boom-bust-recovery cycle in Ireland. It finds that a nuanced interpretation is required, in that bank-intermediated debt inflows certainly contributed to the amplification of the property boom during 2003-2007 but that other types of international flows have played a stabilising role through a variety of mechanisms, with a new wave of inflows a key component of the current recovery phase.

Return to Full List of Discussion Papers

Last updated 28 August 2014 by IIIS (Email).