05026oam 22012854 450 991015501220332120200520144314.01-4755-5439-71-4755-5441-9(CKB)3710000000973043(MiAaPQ)EBC4867563(Au-PeEL)EBL4867563(CaPaEBR)ebr11391087(CaONFJC)MIL974470(OCoLC)964450698(IMF)WPIEA2016211(EXLCZ)99371000000097304320020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierCorporate Sector Vulnerabilities in Ireland /Nir KleinWashington, D.C. :International Monetary Fund,2016.1 online resource (31 pages) illustrations (some color), tablesIMF Working Papers1-4755-5217-3 Includes bibliographical references.The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and especially smaller domestic firms remain vulnerable. A sensitivity analysis indicates that a non-extreme shock, which comprises a decline in profitability and an increase in interest rates, is likely to push many firms into a vulnerable state and that the share of firms with interest cover ratio of lower than one would triple to nearly fifty percent, largely reflecting the deterioration in the financial health of small firms. In such a scenario, the share of risky debt would increase to the level observed during the financial crisis, resulting in a significant increase in new corporate defaults.IMF Working Papers; Working Paper ;No. 2016/211CorporationsIrelandBanks and BankingimfCorporate FinanceimfFinancial Risk ManagementimfMoney and Monetary PolicyimfIndustries: Financial ServicesimfFinancial Institutions and Services: GeneralimfBankruptcyimfLiquidationimfCorporate Finance and Governance: GeneralimfMultinational FirmsimfInternational BusinessimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial CrisesimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfOwnership & organization of enterprisesimfMultinationalsimfBankingimfEconomic & financial crises & disastersimfMonetary economicsimfFinanceimfCorporate sectorimfForeign corporationsimfFinancial crisesimfBank creditimfEconomic sectorsimfLoansimfFinancial institutionsimfMoneyimfBusiness enterprisesimfBanks and bankingimfCreditimfIrelandEconomic conditions1949-IrelandimfCorporationsBanks and BankingCorporate FinanceFinancial Risk ManagementMoney and Monetary PolicyIndustries: Financial ServicesFinancial Institutions and Services: GeneralBankruptcyLiquidationCorporate Finance and Governance: GeneralMultinational FirmsInternational BusinessBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial CrisesMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralOwnership & organization of enterprisesMultinationalsBankingEconomic & financial crises & disastersMonetary economicsFinanceCorporate sectorForeign corporationsFinancial crisesBank creditEconomic sectorsLoansFinancial institutionsMoneyBusiness enterprisesBanks and bankingCredit338.9415Klein Nir1122405DcWaIMFBOOK9910155012203321Corporate sector vulnerabilities in Ireland3417575UNINA