These authors identify low usage of wholesale funding as a key factor: read the VOXEU article here.
Author: Philip Lane
Robert Wade has an interesting piece on Iceland in today’s FT: you can read it here. The main point he makes is that some of the assistance measures adopted last year are due to expire soon: much of the pain of the crisis was delayed rather than eliminated by these measures. Accordingly, the full impact of the crisis on Icelandic living standards has yet to kick in.
Patrick Cunningham outlines his position in this article in today’s Irish Times.
Margaret Doyle provides an analysis of NAMA for NYT/IHT readers: you can read it here.
Liam Donnelly of Teagasc provides a ‘third way’ in the debate on research and innovation in this article: you can read it here.