Our new paper on the future of banking based on Irish experience and lessons from the crisis:
Lucey, Brian M. and Larkin, Charles James and Gurdgiev, Constantin,
Learning from the Irish Experience – A Clinical Case Study in Banking Failure (September 23, 2013).
Available at SSRN: http://ssrn.com/abstract=2329815
We present a review of the Irish banking collapse, detailing its origins in a confluence of events. We suggest that the very concentrated nature of the Irish banking sector which will emerge from the policy decisions taken as a consequence of the collapse runs a risk of a second crisis. We survey the literature on size and efficiency and suggest some alternative policy approaches.