A critical feature of the period leading up to Ireland’s economic and financial crisis was a major underestimation of the risks associated with an increasingly unbalanced economy. The conclusions from the many official enquiries into the causes of Ireland’s unprecedented collapse all indicate that there had been a systemic failure to assess and manage key risks on the part of a wide range of public institutions.
This Publicpolicy.ie report by a team led by Dr Donal Donovan, former Deputy Director of the IMF, proposes a number of measures to strengthen Ireland’s management of risks.
The report is framed by a study of the practices and experiences of a number of countries with some characteristics not dissimilar to those of Ireland. The team met government officials from agencies and other independent experts in Australia, New Zealand, Singapore, Canada, Denmark, Finland, Netherlands, Norway and the UK.
Categories : Debt & Deficits,Financial Crisis,Fiscal Fact Sheets,Our Analysis
Authors : De Buitléir, Donal,Donovan, Donal,Farrell, Colm,Thornhill, Don