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Ec4024 Lecture7: Crises

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Stephen Kinsella
Stephen Kinsella
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EC4024 Lecture 7 Crises
Last Time Structure of Markets
• Admin: PS1 Up, Due Mar 6th • Tutorials OK? • Times in Labs
• Business Cycles & Finance • Financial Fragility • Data
Ireland’s Macroeconomy
Too Many of These
Lead to This
US Case Read: Robert Shiller, The Subprime Solution
Some examples of CEO salaries in the US in 2006 may give some context: Bear Stearns: $34 million for CEO James Cayne, Lehman Brothers: $27 million for CEO Richard Fuld, Citigroup: $25 million for CEO Charles Prince., Countrywide Financial: $43 million for CEO Angelo Mozilo.
Irish Case
Next Time Where did Ireland go wrong?

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Ec4024 Lecture7: Crises