The banking crisis in Ireland

This paper covers the banking crisis in Ireland that emerged in 2008. The Irish banking sector experienced a deep crisis, which first was at its most intense when severe funding pressures affected the Irish banks in 2008. These pressures re-emerged in 2010, in the light of unresolved questions about the viability of some of the Irish banks, the fiscal implications of the sovereign backstop given to the banking sector, and protracted but eventually unsustainable central bank liquidity support.