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The Fall of the Celtic Tiger – Ireland and the Euro Debt Crisis - Oxford Scholarship Online
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The Fall of the Celtic Tiger: Ireland and the Euro Debt Crisis

Donal Donovan and Antoin E. Murphy


This book examines how the Celtic Tiger, a high-growth performing economy, fell into a macroeconomic abyss. It is a story that shows how the Irish economy moved from a property market crisis to a banking crisis and fiscal crisis, and how these three crises produced a fourth crisis, the massive financial crisis of 2010. Against the backdrop of the newly created eurozone, the book demonstrates the way in which a housing boom was transformed into a property market bubble through excessive credit creation. Accompanying the property market bubble buoyant property-related taxes enabled a profligate ... More

Keywords: Celtic Tiger, Irish economy, banking crisis, fiscal crisis, financial crisis, regulators, EU, ECB, Central Bank of Ireland, Irish Financial Regulator

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199663958
Published to Oxford Scholarship Online: September 2013 DOI:10.1093/acprof:oso/9780199663958.001.0001


Affiliations are at time of print publication.

Donal Donovan, author
Member of Irish Fiscal Advisory Council; Adjunct Professor , University of Limerick; and Visiting Lecturer, Trinity College Dublin

Antoin E. Murphy, author
Professor Emeritus, Trinity College Dublin