Conference:  How to Fix Distressed Property Markets? 

The Central Bank of Ireland hosted a conference focusing on the distressed property markets on the 13th of February 2013.   The aim of the Conference was to highlight the work undertaken within the Bank in this area.  In addition, the Conference featured a number of international experts.  The Conference programme is available below.

8:45 – 9.00

Opening Remarks Patrick Honohan, Governor, Central Bank of Ireland

Introductory remarks.pdf 

9.00 – 10:30

Session 1:  The experience in the United States

Paper 1:

Dealing with a mortgage crisis: A comparison of the response by US and Irish authorities

Kieran McQuinn and Anthony Murphy, Central Bank of Ireland and Federal Reserve Bank of Dallas


Paper 2:

Foreclosure externalities: Some new evidence

Kris Gerardi, Federal Reserve Bank of Atlanta

Presentation.pdf  Paper.pdf

Paper 3:

The US mortgage crisis - are there lessons for policymakers?

Michael Fratantoni and Michael Moore, Mortgage Bankers Association and International Monetary Fund

Presentation.pdf  Paper.pdf

10:30 -10.45


10:45 - 11.45

Session 2:  Some Irish perspectives

Paper 1

A distressed mortgage market: Could a fiscal stimulus help?

Robert Kelly and Kieran McQuinn, Central Bank of Ireland

Presentation.pdf Paper.pdf

Paper 2:

Understanding Irish house price movements - a user cost of

capital approach

Frank Browne, Thomas Conefrey and Gerard Kennedy,  Central Bank of Ireland

Presentation.pdf Paper.pdf

11:45 – 1:00

Session 3:  Panel Discussion

Moderator:  Alan Ahearne, NUI Galway and Central Bank of Ireland Commission


Click here to download a copy of the conference programme (PDF format).