Cutback management in Ireland in the wake of the financial crisis
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Title: | Cutback management in Ireland in the wake of the financial crisis | Authors: | MacCarthaigh, Muiris; Hardiman, Niamh | Permanent link: | http://hdl.handle.net/10197/9206 | Date: | 16-Jun-2017 | Abstract: | Ireland was one of the European states most severely affected by the financial crisis. A number of official reports into the causes of that crisis (Regling and Watson 2010; Honohan 2010; Nyberg 2011; Independent Review Panel 2011, Houses of the Oireachtas 2016) have pointed to a combination of domestic contributing factors, including weak regulation of financial institutions, weak state capacity and pro-cyclical fiscal policies adopted by successive governments from the late 1990s. The crisis resulted in one of the world’s largest ever state-backed bank guarantees and a subsequent ‘bailout’ loan from the Troika of the IMF, EU and ECB in late 2010. Also as a consequence of this crisis, the 2008-15 period was defined by an unprecedented series of cutbacks in the Irish public service, as part of a broader strategy to reassert control of the state’s finances. | Type of material: | Book Chapter | Publisher: | Routledge | Series/Report no.: | Routledge Critical Studies in Public Management | Copyright (published version): | 2017 Routledge | Keywords: | Government administration; Fiscal policy; Austerity; Gret Recession; Ireland | Other versions: | https://www.routledge.com/Public-Management-in-Times-of-Austerity/Sorensen-Hansen-Kristiansen/p/book/9781138680531 | Language: | en | Status of Item: | Peer reviewed | Is part of: | Moll Sørensen, E., Foss Hansen, H., Bøge Kristiansen, M. (eds.). Public Management in Times of Austerity | ISBN: | 978-1138680531 | This item is made available under a Creative Commons License: | https://creativecommons.org/licenses/by-nc-nd/3.0/ie/ |
Appears in Collections: | Politics and International Relations Research Collection |
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