Patrick Honohan | Trinity College Dublin (original) (raw)

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Papers by Patrick Honohan

Research paper thumbnail of The Irish Macroeconomic Crisis of 1955–56: How Much Was Due to Monetary Policy?

Irish Economic and Social History

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Research paper thumbnail of The European Monetary System and the Theory of Target Zones

In credible target zone regimes, exchange rates should, according to Krugman's 1991 theory, ... more In credible target zone regimes, exchange rates should, according to Krugman's 1991 theory, spend a disproportionate amount of time near the edges of the fluctuation band. The major application of this theory has been to the European Monetary System (EMS), with several authors reporting that exchange rate data for the EMS do not display this feature, but in contrast cluster towards the middle of the band. We show that such findings result from neglect of the multi-currency nature of the EMS and are overturned when account is taken of the full set of intervention obligations.

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Research paper thumbnail of Taxation of Financial Intermediation: Theory and Practice for Emerging Economines

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Research paper thumbnail of Cause and Effect of Financial Access: Cross-Country Evidence from the Finscope Surveys

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Research paper thumbnail of Interest Rate Policy in Practice: A Review with some Implications for the Irish Banking System in the EMS

Papers, 1994

With increasing monetary integration in Europe, Ireland's Banking system has become increasi... more With increasing monetary integration in Europe, Ireland's Banking system has become increasingly influenced by monetary policy actions in other EMS countries. The purpose of this paper is to review the mechanisms adopted by the Bundesbank and various other central banks in influencing interest rates. We explain why the toolbox used by central banks is so complex and highlight a number of current issues, such as the role of reserve requirements and the discount rate, and central bank secrecy about policy. We conclude by noting a couple issues which could become increasingly important for the Irish banking sector especially in the context of an EC-wide implementation of monetary policy under EMU, namely, the high dependence on floating rate banking assets and liabilities, and a potential lack of access for the Irish institutions to the core money market of the EMU.

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Research paper thumbnail of Dollarization Of The Banking System

... repression (unremunerated reserve requirements or administrative limits on interest rates on ... more ... repression (unremunerated reserve requirements or administrative limits on interest rates on local currency deposits should depress local currency intermediation, particularly under an inflationary environment; see Ize and Levy Yeyati, 1998, and Catao and Terrones, 2001). ...

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Research paper thumbnail of Comment on �Costs of banking system instability: Some empirical evidence�

Journal of Banking and Finance, 2002

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Research paper thumbnail of Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion

Understanding Ireland’s Economic Growth, 1999

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Research paper thumbnail of Ufficio valutario o banca centrale? Gli insegnamenti del legame tra la sterlina irlandese e la sterlina, 1928-79

Moneta E Credito, Apr 19, 2012

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Research paper thumbnail of INEQUALITY AND POVERTY GO TOGETHER -- AND IT'S NOT A TAUTOLOGY Patrick Honohan

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Research paper thumbnail of Where Did All the Growth Go?

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Research paper thumbnail of Taxation of financial intermediation : measurement principles and application to five African countries

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Research paper thumbnail of Finanzas para todos? : políticas y trampas en la expansion del acceso

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Research paper thumbnail of Key issues of Cost-Benefit Methodology for Irish Industrial Policy

... Jane Kelly, Siobhán Kenny and Alan Wall provided able research assistance. Thanks also to Ala... more ... Jane Kelly, Siobhán Kenny and Alan Wall provided able research assistance. Thanks also to Alan Gray, ... 1The review was carried out by the author and Eoin O'Malley, with a contribution by Philip O'Connell and the assistance of Jane Kelly, Siobhan Kenny and Alan Wall. Page 6. ...

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Research paper thumbnail of The Evolution of the Rate of Unemployment in Ireland 1962-1983

Quarterly Economic Commentary Special Articles, 1984

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Research paper thumbnail of What Went Wrong in Ireland?

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Research paper thumbnail of A radical reform of social welfare and income tax evaluated

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Research paper thumbnail of La finance au service de l ' Afrique

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Research paper thumbnail of Monetary policy instruments for developing countries

Policy Research Working Paper Series, 1990

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Research paper thumbnail of Interpreting the Recent Irish Growth Experience

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Research paper thumbnail of The Irish Macroeconomic Crisis of 1955–56: How Much Was Due to Monetary Policy?

Irish Economic and Social History

Bookmarks Related papers MentionsView impact

Research paper thumbnail of The European Monetary System and the Theory of Target Zones

In credible target zone regimes, exchange rates should, according to Krugman's 1991 theory, ... more In credible target zone regimes, exchange rates should, according to Krugman's 1991 theory, spend a disproportionate amount of time near the edges of the fluctuation band. The major application of this theory has been to the European Monetary System (EMS), with several authors reporting that exchange rate data for the EMS do not display this feature, but in contrast cluster towards the middle of the band. We show that such findings result from neglect of the multi-currency nature of the EMS and are overturned when account is taken of the full set of intervention obligations.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Taxation of Financial Intermediation: Theory and Practice for Emerging Economines

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Cause and Effect of Financial Access: Cross-Country Evidence from the Finscope Surveys

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Interest Rate Policy in Practice: A Review with some Implications for the Irish Banking System in the EMS

Papers, 1994

With increasing monetary integration in Europe, Ireland's Banking system has become increasi... more With increasing monetary integration in Europe, Ireland's Banking system has become increasingly influenced by monetary policy actions in other EMS countries. The purpose of this paper is to review the mechanisms adopted by the Bundesbank and various other central banks in influencing interest rates. We explain why the toolbox used by central banks is so complex and highlight a number of current issues, such as the role of reserve requirements and the discount rate, and central bank secrecy about policy. We conclude by noting a couple issues which could become increasingly important for the Irish banking sector especially in the context of an EC-wide implementation of monetary policy under EMU, namely, the high dependence on floating rate banking assets and liabilities, and a potential lack of access for the Irish institutions to the core money market of the EMU.

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Research paper thumbnail of Dollarization Of The Banking System

... repression (unremunerated reserve requirements or administrative limits on interest rates on ... more ... repression (unremunerated reserve requirements or administrative limits on interest rates on local currency deposits should depress local currency intermediation, particularly under an inflationary environment; see Ize and Levy Yeyati, 1998, and Catao and Terrones, 2001). ...

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Research paper thumbnail of Comment on �Costs of banking system instability: Some empirical evidence�

Journal of Banking and Finance, 2002

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Fiscal Adjustment and Disinflation in Ireland: Setting the Macro Basis of Economic Recovery and Expansion

Understanding Ireland’s Economic Growth, 1999

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Ufficio valutario o banca centrale? Gli insegnamenti del legame tra la sterlina irlandese e la sterlina, 1928-79

Moneta E Credito, Apr 19, 2012

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Research paper thumbnail of INEQUALITY AND POVERTY GO TOGETHER -- AND IT'S NOT A TAUTOLOGY Patrick Honohan

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Research paper thumbnail of Where Did All the Growth Go?

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Taxation of financial intermediation : measurement principles and application to five African countries

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Finanzas para todos? : políticas y trampas en la expansion del acceso

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Key issues of Cost-Benefit Methodology for Irish Industrial Policy

... Jane Kelly, Siobhán Kenny and Alan Wall provided able research assistance. Thanks also to Ala... more ... Jane Kelly, Siobhán Kenny and Alan Wall provided able research assistance. Thanks also to Alan Gray, ... 1The review was carried out by the author and Eoin O'Malley, with a contribution by Philip O'Connell and the assistance of Jane Kelly, Siobhan Kenny and Alan Wall. Page 6. ...

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Research paper thumbnail of The Evolution of the Rate of Unemployment in Ireland 1962-1983

Quarterly Economic Commentary Special Articles, 1984

Bookmarks Related papers MentionsView impact

Research paper thumbnail of What Went Wrong in Ireland?

Bookmarks Related papers MentionsView impact

Research paper thumbnail of A radical reform of social welfare and income tax evaluated

Bookmarks Related papers MentionsView impact

Research paper thumbnail of La finance au service de l ' Afrique

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Monetary policy instruments for developing countries

Policy Research Working Paper Series, 1990

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Interpreting the Recent Irish Growth Experience

Bookmarks Related papers MentionsView impact