The Central Bank As Crisis Manager | Dr. Patrick Honohan, former Central Bank of Ireland Governor, on Crisis Management, Macroeconomic Shocks, & Tariffs
Monetary Matters with Jack Farley
Central Banking and Financial Crisis Dynamics
This chapter explores the nuances of central bank interventions during financial crises, contrasting asset lending with outright purchases, and discerning the context of institutional failure versus market-wide crises. It highlights Ireland's unique banking challenges within the Eurozone, the psychological impact of strategic communication from key figures, and the broader implications of non-bank financial sectors during economic downturns. Through case studies and historical examples, the discussion underscores the complex interplay of governance, market sentiment, and international support in navigating financial distress.
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