Description
Deputy Governor Donnery discusses the effects of COVID-19 on financial stability in Ireland. Outlining how COVID-19 is fundamentally different in nature and scope to previous economic shocks, she considers the domestic and external risks facing the Irish economy. The Deputy Governor highlights that while COVID-19 is forefront to our minds, we must not lose sight of other risks that have not disappeared. Reflecting on the resilience that was built into the financial system over the last decade, she discusses the current outlook and the role that policy can play today and into the future. She argues that it is critical the financial system supports economic recovery and does not amplify the shock.
About the Speaker:
Sharon Donnery was appointed Deputy Governor, Central Banking in the Central Bank of Ireland on 1 March 2016. She is an ex officio member of the Central Bank Commission and the Governor's Alternate on the Governing Council of the European Central Bank (ECB). Ms Donnery was Acting Governor of the Central Bank of Ireland from 1 June 2019 to 31 August 2019. She is also the Chair of the ECB Budget Committee (BuCom) having been appointed by the ECB Governing Council in December 2016. She holds a B.A. in Economics and Politics and a M.A. in Economics from University College Dublin.
Recorded on the 17th of June 2020
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