Oireachtas Joint and Select Committees
Thursday, 2 April 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Sean Barrett (Independent) | Oireachtas source
Ms Hunt mentioned how quickly the adjustment took place. Is the model, which has been built over 100 years, far too slow? Figure 3 shows that when real estate peaks at stage 7 it takes five more stages before the banks reverse their boom policy on loans. That means what happened in Ireland was a quicker reaction than the 100-year study.
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