Patrick Honohan on Restoring Credit to the Irish Economy

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About the Event:

Speaking to one of the largest audiences in the history of the Institute, the Governor of the Irish Central Bank, Professor Patrick Honohan, highlighted the need for a reduction in uncertainty, particularly in the banking sector, in order to restore credit and confidence to the Irish economy.

While focusing mainly on uncertainty around the banks, he also addressed some other key dimensions of short-term macroeconomic prospects including employment and output growth, the budget and cost competitiveness.

A copy of Prof. Honohan’s prepared remarks and presentation slides can be downloaded by clicking on the icons below the photo on this page. Video will be uploaded here by tomorrow, 8 January.

About the Speaker:

Patrick Honohan was appointed Governor of the Central Bank of Ireland in September 2009. Before this, he was Professor of International Financial Economics and Development at Trinity College Dublin from 2007. Prior to this, he spent almost a decade at the World Bank where he was Senior Advisor on financial sector policy. He was previously Research Professor with the Economic and Social Research Institute, Dublin (1990-98), Economic Advisor to Taoiseach Garret Fitzgerald (1981-82 and 1984-86) and spent several years as an economist at the Central Bank of Ireland (1976-81 and 1984-86), and at the International Monetary Fund (1971-73).

A graduate of University College Dublin, he received his Ph.D. in Economics from the London School of Economics in 1978. He has taught Economics at the LSE and at the University of California-San Diego, the Australian National University and University College Dublin, as well as at Trinity College. In recent years, his research has mainly focused on monetary and financial sector policy.

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