Trevor Fitzpatrick

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In 2009 all ECB publications feature a motif taken from the €200 banknote. 1 We would like to thank Antonio Garcia Pascual, Rainer Boehme, Til Schuermann and Fadi Zaher for helpful discussions. The views expressed in this article are the authors' only and do not necessarily reflect those of the European Central Bank or the European System of Central banks.(More)
The views expressed in this paper are the personal responsibility of the authors and are not necessarily held either by the Central Bank of Ireland or by the ESCB. All errors and omissions are the authors'. Comments and criticisms are welcome. Abstract In this paper, we examine the extent to which changes in the money market interest rate are passed through(More)
In 2006 all ECB publications feature a motif taken from the €5 banknote. 1 The views expressed in this article are the authors' only and do not necessarily reflect those of the European Central Bank or the European System of Central banks. We thank Chiara Osbat and the members of the ESCB Banking Supervision Committee for helpful comments. All remaining(More)
University. He has considerable practitioner experience in bank risk systems including work at AIB Capital Markets and Permanent TSB. Any opinions expressed here are those of the authors and not necessarily those of the FMG. The research findings reported in this paper are the result of the independent research of the author and do not necessarily reflect(More)
The extension of credit to SMEs in Ireland has been identified as a necessary condition for economic recovery and job growth. The debate on whether the reduction in credit to this sector is caused by credit rationing by banks or a lack of credit demand on the part of SMEs has received much attention in media and policy circles. Owing to a lack of relevant(More)
At the peak of the Irish property boom in the first decade of the 2000s, housing equity withdrawal, or " top-up " loans, accounted for one-third of residential mortgage loans issued. This collateral-based lending was typically issued at a significant discount to other forms of personal lending, often at tracker rates. Following the collapse of the Irish(More)
This paper examines the corporate funding flows of Irish credit institutions over the period 2009 to end-2010. The analysis examines the daily net movement across the consolidated corporate and retail deposit books of the domestic Irish banking sector and models these flows as a function of bank specific measures of risk, sovereign influences and general(More)
The extension of credit to SMEs in Ireland has been identified as a necessary condition for economic recovery and job growth. The debate on whether the reduction in credit to this sector is caused by credit rationing by banks or a lack of credit demand on the part of SMEs has received much attention in media and policy circles. Owing to a lack of relevant(More)
In this paper, we examine the extent to which changes in the money market interest rate are passed through to a number of retail lending rates between 1980 and 2001. In addition, we analyse the speed of adjustment of these lending rates with respect to such changes in the money market rate. Our main findings are: (1) pass-through from the money market rate(More)