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Dublin - Event Notice
Thursday October 18 2012
07:00 PM

Ireland and the shadow Banking System - A Talk by Dr. Conor McCabe

category dublin | education | event notice author Friday September 07, 2012 00:33author by Conor McCabe Report this post to the editors

Exchange Dublin Co-operative, Exchange Street Upper, Temple Bar, D.2

This talk till try to throw a light on the dynamics of the IFSC, in particular the shadow banking system of which the IFSC is a hub, and will discuss the nature of Ireland’s ‘middleman’ capitalism whi

Talk Poster
Talk Poster

There are almost 6,000 companies operating out of Ireland’s financial services centre, and they manage over €2 trillion in assets every year. Most of these companies exist in name only, and are used primarily as tax-avoidance vehicles by international finance. With 25,000 jobs (of which 6,000 are with Irish companies), and a corporation tax amount of less than half a billion euro a year, the IFSC consists of just over one per cent of the entire workforce and less than two per cent of total government income. It is at best a regional economy, an enclave on the Liffey - yet it is continually promoted as the saviour of the Irish economy and ‘the only game in town.’ Its protection by the State, however, has less to do with the national economy, and more to do with the nature of money, finance and power in Ireland today.

Dr. Conor McCabe is a historian and author of Sins of the Father: Tracing the Decisions that Shaped the Irish Economy (Dublin, 2011). The economist and academic Dr. Tom O’Connor said in a review for the Irish Examiner that “the breadth and compass of the book is breath-taking. It is head and shoulders above the other books and is a tour de force as a critical economic history of Ireland.” The broadcaster Vincent Browne described Sins of the Father as ‘a remarkable book.’

author by Tpublication date Sun Oct 21, 2012 00:15Report this post to the editors

They are:

1. Introduction -set of power point slides. See http://dublinopinion.com/2012/10/19/ireland-and-the-sha...talk/

2. Shadow Banking and Credit
3. Shadow Banking and the IFSC

Caption: Embedded video Vimeo

Caption: Embedded video Vimeo

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