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Record Nr. |
UNINA9910136700103321 |
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Titolo |
Ireland : : Financial Sector Assessment Program: Technical Note-Nonbank Sector Stability Analyses |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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Descrizione fisica |
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1 online resource (94 pages) : illustrations (some color), tables, charts |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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International business enterprises - Ireland |
Financial institutions - Ireland |
Banks and Banking |
Investments: Stocks |
Real Estate |
Industries: Financial Services |
Corporate Finance |
Financial Risk Management |
Finance: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Housing Supply and Markets |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Corporate Finance and Governance: General |
Financial Crises |
General Financial Markets: Government Policy and Regulation |
Finance |
Property & real estate |
Banking |
Investment & securities |
Ownership & organization of enterprises |
Economic & financial crises & disasters |
Loans |
Housing prices |
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Stocks |
Financial institutions |
Prices |
Corporate sector |
Economic sectors |
Financial crises |
Housing |
Banks and banking |
Business enterprises |
Ireland |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the areas of nonbank sector stability. Both nonparametric and parametric methods suggest that the residential real estate market in Ireland is close to or moderately below its equilibrium level. Two standard metrics of price-to-income and price-to-rent ratios show that following a protracted period of overvaluation prior to the crisis and a correction afterward, the market has been close to its equilibrium level in recent quarters. Households have deleveraged, but are still highly indebted. The stability analysis results also suggest that vulnerabilities among nonfinancial firms have moderated in recent years. |
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