So regulatory tools clearly have their place. So too do other tools. 2018 marks 100 years of women’s suffrage in Ireland, and we have indeed come far. This year, we at the Central Bank of Ireland will recognise this great landmark with the launch of a 15 euro commemorative coin.
The injection of public capital into weakened financial institutions was indispensable in stabilizing the financial system, but was politically unpopular. In the current crisis, European and US authorities have deployed such measures much faster than the Japanese case. But more than a year passed after the initial shock which occurred in the summer of 2007, before such measures were initiated.