The global financial crisis in 2008 brought central banking to the
centre stage, prompting questions about the role of national
central banks and - in Europe - of the multi-country European
Central Bank. What can central banks do, and what are their
limitations? How have they performed? Currency, Credit and Crisis
seeks to provide a coherent perspective on the functions of a
central bank in a small country by assessing the way in which
Ireland's financial crisis from 2010 to 2013 was handled. Drawing
on his experiences as Governor of the Central Bank of Ireland and
in research and policy work at the World Bank, Patrick Honohan
offers a detailed analytical narrative of the origins of the crisis
and of policy makers' conduct during its most fraught moments.
General
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