Mark Carney delivered an important speech on Brexit on 21 October. The speech was limited to looking at the impact of the UK’s EU membership on the Bank of England’s objectives, namely price and financial stability. The speech is thoughtful and measured, if not very insightful. Clearly he sees many benefits in remaining in the EU. In particular he… Continue reading Mark Carney on EU membership
This morning the Competition and Markets Authority (CMA) published provisional findings on its retail banking investigation. The CMA identifies competition problems in both the personal current account and SME banking markets. It suggests that high levels of customer inertia and low switching rates mean that banks aren’t put under enough ‘competitive pressure’ to bring down… Continue reading UK retail banking is not competitive enough
Abstract: Purpose – This paper explores the Irish banking crisis. It attempts to explain how various factors contributed to a collapse in asset prices, an economic recession and the near failure of the banking system. The paper will seek to document the dangers of pro-cyclical monetary and government policies, particularly in an environment of benign financial… Continue reading What Caused the Irish Banking Crisis?
From further research on the great depression, it is clear that Ireland must learn from the numerous lesions learned to ensure that our recession does not turn into a decade long depression, as the case with American in the 1930s. Here are the mainly policy lessons I have gleamed for far: It is important that… Continue reading How not to turn a recession into a depression??
To be honest, I have mixed feeling about our Minister of Finance. The shambles of the October budget seriously dented my confidence in his ability to effectively manage the economy. However, his approach to the banking crisis and general fiscal problems within the economy has been commendable. The bank guarantee scheme, the creation of Nama… Continue reading Minister of Finance
Daily goal setting is extremely important for the personal development of any individual. I actively set daily, monthly, yearly and even 5-year goals. It has aided me greatly throughout the course of my career. We need to ask ourselves, what we want to be in the future?? Really think out it. I promise you if… Continue reading The importance of Daily Goals setting
I have just finished two great books, one on the Great Depression and the other on WWII. Currently, I am reading the brilliant War and peace by Trotsky. It’s fascinating to get an insight into a part of history and a culture which I new very little about. I am only 1/9 of the way… Continue reading What am I reading??