The global financial crisis in 2008 brought central banking to the centre stage, prompting questions about the role of national central banks and – in Europe – of the multi-country European Central Bank. What can central banks do, and what are their limitations? How have they performed? Currency, Credit and Crisis seeks to provide a coherent perspective on the functions of a central bank in a small country by assessing the way in which Ireland’s financial crisis from 2010 to 2013 was handled. Drawing on his experiences as Governor of the Central Bank of Ireland and in research and policy work at the World Bank, Patrick Honohan offers a detailed analytical narrative of the origins of the crisis and of policymakers’ conduct during its most fraught moments.
Patrick Honohan was Governor of the Central Bank of Ireland from 2009-2015 and has returned to Trinity College Dublin, where he was appointed Professor in 2007. He is also a Nonresident Senior Fellow at the Peterson Institute for International Economics. Previously he was a Senior Adviser in the World Bank working on issues of financial policy reform. During the 1980s he was Economic Adviser to the Taoiseach (Irish Prime Minister) and spent several years at the Economic and Social Research Institute, Dublin.
A graduate of University College Dublin and of the London School of Economics, from which he received his PhD in 1978, Dr Honohan has published widely on issues ranging from exchange rate regimes and purchasing-power-parity, to migration, cost-benefit analysis and statistical methodology.
5:00 pm Registration and welcome coffee
5:50 pm Introduction by Francisco Veloso
6:00 pm Panel Discussion by Honohan Patrick and Martin Sandbu
6:45 pm Q & A
7:15 pm Drinks Reception