Patrick Honohan: The experience of financial integration – Ireland, Britain, Europe Text of the Mais Lecture by Mr Patrick Honohan, Governor of the Central Bank of Ireland, at the Cass Business School, London, 8 May 2012. *  *  *  Cheerleaders for financial integration are having a hard time these days.
It can seem that the financial crisis was exported from the United States and that the waves of liquidity surging around the world ended up washing away several years of growth in the advanced economies.