PPT-The Fall of the Celtic Tiger: Ireland and the Euro Debt Crisis

Antoin E Murphy 2 Economists set themselves too easy too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again John Maynard Keynes . The story of two crosses. NT text 30 – 90 AD. Early 60’s Nero persecutions. Temple Destroyed 70 AD. Roman candles. Domitian persecution 81-96 AD. Diocletian persecution 303. Church moves east to west. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. Harvard Kennedy School. State . of the E. uro. Center . for European . Studies. September . 22, 2015. 1. The . membership. should not have been expanded so . Marcus Miller. University of Warwick. May 2012. 1. Good bye Capital Controls in Europe.. . Hello Multiple . Equilibria. - and crisis!. First some history: when Germany was debtor. . After World War I, when Germany faced huge war debts, a young UK Treasury official looked for principles for managing such . Assaf. . Razin. June 2010. Tracking the Great Depression by months into the Crisis. Eichengreen. and . O’Rourke. 2. And, after 1 year…. Shocks are of similar magnitude but different policy actions. . 4 Lectures. . 1. The financial crisis of 2007-09. 2. How banking regulation is changing. 3. The euro area crisis and the Italian economy. 4. The new European governance, the ECB monetary policy and theBanking Union. John FitzGerald. Oireachtas. Committee, 26. th. October 2011. www.esri.ie. Introduction. Origins of Crisis. Tackling the Crisis. Exit from the Crisis. Everything depends on solving Euro zone crisis. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. When the economic history of our epoch is written…. There will be at least 3 themes:. . Worries. Lino. . Sau. Department of Economics and Statistics . “S. . Cognetti. de . Martiis. ”. University of Turin . (Italy). Prepared for a seminar on Current Crisis, University of Torino, March 11. Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU). Celtic music is defined as music that . originates from the countries of Ireland. , . Scotland and Wales. . The people who live in these locations are known as . Celts. , which is how the music became known as Celtic music. . Mr. Pratt. ASTEC Charter High School. Who are the Celts?. They were Known as the . Gauls. in some ancient texts.. The Celts were a collection of tribes that share certain cultural elements, including language, art, and mythology.. What caused the global recession of 08?. And thus caused the European debt crisis. America Sneezes and the World gets Pneumonia!. The Housing bubble bursts 2006. The bubble burst. By August 2008, 9.2% of all U.S. mortgages outstanding were either delinquent or in foreclosure. By September 2009, this had risen to 14.4%. Between August 2007 and October 2008, 936,439 US residences completed foreclosure!. Celtic myths and legends. Descriptions of Celtic tribes by Roman writers. Celtic remains – . ringforts. , crannogs . Celtic Ireland. Arrived 500BC. Warlike People (wore war paint). Became the dominant culture – settlers. Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU).