LEADER 05026oam 22012854 450 001 9910155012203321 005 20200520144314.0 010 $a1-4755-5439-7 010 $a1-4755-5441-9 035 $a(CKB)3710000000973043 035 $a(MiAaPQ)EBC4867563 035 $a(Au-PeEL)EBL4867563 035 $a(CaPaEBR)ebr11391087 035 $a(CaONFJC)MIL974470 035 $a(OCoLC)964450698 035 $a(IMF)WPIEA2016211 035 $a(EXLCZ)993710000000973043 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aCorporate Sector Vulnerabilities in Ireland /$fNir Klein 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (31 pages) $cillustrations (some color), tables 225 1 $aIMF Working Papers 311 $a1-4755-5217-3 320 $aIncludes bibliographical references. 330 3 $aThe paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and especially smaller domestic firms remain vulnerable. A sensitivity analysis indicates that a non-extreme shock, which comprises a decline in profitability and an increase in interest rates, is likely to push many firms into a vulnerable state and that the share of firms with interest cover ratio of lower than one would triple to nearly fifty percent, largely reflecting the deterioration in the financial health of small firms. In such a scenario, the share of risky debt would increase to the level observed during the financial crisis, resulting in a significant increase in new corporate defaults. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/211 606 $aCorporations$zIreland 606 $aBanks and Banking$2imf 606 $aCorporate Finance$2imf 606 $aFinancial Risk Management$2imf 606 $aMoney and Monetary Policy$2imf 606 $aIndustries: Financial Services$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aBankruptcy$2imf 606 $aLiquidation$2imf 606 $aCorporate Finance and Governance: General$2imf 606 $aMultinational Firms$2imf 606 $aInternational Business$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinancial Crises$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aOwnership & organization of enterprises$2imf 606 $aMultinationals$2imf 606 $aBanking$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aMonetary economics$2imf 606 $aFinance$2imf 606 $aCorporate sector$2imf 606 $aForeign corporations$2imf 606 $aFinancial crises$2imf 606 $aBank credit$2imf 606 $aEconomic sectors$2imf 606 $aLoans$2imf 606 $aFinancial institutions$2imf 606 $aMoney$2imf 606 $aBusiness enterprises$2imf 606 $aBanks and banking$2imf 606 $aCredit$2imf 607 $aIreland$xEconomic conditions$y1949- 607 $aIreland$2imf 615 0$aCorporations 615 7$aBanks and Banking 615 7$aCorporate Finance 615 7$aFinancial Risk Management 615 7$aMoney and Monetary Policy 615 7$aIndustries: Financial Services 615 7$aFinancial Institutions and Services: General 615 7$aBankruptcy 615 7$aLiquidation 615 7$aCorporate Finance and Governance: General 615 7$aMultinational Firms 615 7$aInternational Business 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinancial Crises 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aOwnership & organization of enterprises 615 7$aMultinationals 615 7$aBanking 615 7$aEconomic & financial crises & disasters 615 7$aMonetary economics 615 7$aFinance 615 7$aCorporate sector 615 7$aForeign corporations 615 7$aFinancial crises 615 7$aBank credit 615 7$aEconomic sectors 615 7$aLoans 615 7$aFinancial institutions 615 7$aMoney 615 7$aBusiness enterprises 615 7$aBanks and banking 615 7$aCredit 676 $a338.9415 700 $aKlein$b Nir$01122405 801 0$bDcWaIMF 906 $aBOOK 912 $a9910155012203321 996 $aCorporate sector vulnerabilities in Ireland$93417575 997 $aUNINA