Professor Patrick Honohan
Honorary Professor, Economics
Publications and Further Research Outputs
Peer-Reviewed Publications
Patrick Honohan, Currency, Credit and Crisis: Central Banking in Ireland and Europe, New York, Cambridge University Press, 2019
Managing Macrofinancial Crises: The Role of the Central Bank in, editor(s)David G. Mayes, Pierre L. Siklos and Jan-Egbert Sturm , The Oxford Handbook of the Economics of Central Banking , Oxford, Oxford University Press, 2019, pp619 - 652, [Patrick Honohan, Domenico Lombardi and Samantha St. Amand]
The Management and Prevention of Banking Crises: Lessons from Recent Experience in, editor(s)Thorsten Beck and Ross Levine , Handbook of Finance and Development, Cheltenham, Edward Elgar, 2018, pp312 - 337, [Patrick Honohan]
Patrick Honohan, Debt and Austerity: Post-crisis Lessons from Ireland, Journal of Financial Stability, 2016
Laurence Ball, Joseph Gagnon, Patrick Honohan and Signe Krogstrup, What Else Can Central Banks Do?, London, CEPR Press, 2016
Patrick Honohan, Recapitalization of Failed Banks: Some Lessons from the Irish Experience, The Manchester School, 81, (S1), 2013, p1 - 15
Cause and Effect of Financial Access in Sub-Saharan Africa: Cross Country Evidence from the Finscope Surveys in, editor(s)Robert Cull, Asli Demirgüç-Kunt and Jonathan Morduch , Banking the World: Empirical Foundations of Financial Inclusion, Cambridge, MA, MIT Press, 2013, pp45-84 , [Patrick Honohan and Michael King]
Patrick Honohan and Sean Yoder, Financial Transactions Tax: Panacea, Threat, or Damp Squib?, World Bank Research Observer, 26, (1), 2011, p138 - 161
Thorsten Beck, Asli Demirguc-Kunt, Patrick Honohan, Access to Financial Services: Measurement, Impact and Policies, World Bank Research Observer, 24, (1), 2009, 119-145
Patrick Honohan, Partial Credit Guarantees: Principles and Practice, Journal of Financial Stability, 6, (1), 2009, p1 - 9
Can Cost-Benefit Analysis of Financial Regulation Be Made Credible? in, editor(s)Robert J. Brent , Handbook on Research in Cost-Benefit Analysis, Cheltenham, Edward Elgar, 2009, [Patrick Honohan]
Islamic Financial Intermediation: Economic and Prudential Considerations in, Amer al-Roubaie and Shafiq Alvi (Eds.) , Islamic Banking and Finance, London, Routledge, 2009, [Patrick Honohan]
Banking Crises in, editor(s)Allan Berger, Philip Molyneux, John Wilson , The Oxford Handbook of Banking, London, Oxford University Press, 2009, [Gerard Caprio Jr., Patrick Honohan]
Patrick Honohan, Resolving Ireland's Banking Crisis, Economic and Social Review, 40, (2), 2009, 207-231
Contrasting Monetary Regimes in Africa in, editor(s)Mthuli Ncube , Financial Systems and Monetary Policy in Africa , Nairobi, African Economic Research Consortium, 2008, 57 - 88, [Patrick Honohan and Stephen O'Connell]
Patrick Honohan, Discussion of 'Financial Innovation and European Housing and Mortgage Markets', Oxford Review of Economic Policy, 24, (1), 2008, p176 - 179
Honohan, Patrick, The Retreat of Deposit Dollarization, International Finance, 11, (3), 2008, 247 - 268
Patrick Honohan, Cross-Country Variation in Household Access to Financial Services, Journal of Banking and Finance, 32, (11), 2008, p2493 - 2500
Household Financial Assets in the Process of Development in, editor(s)James B. Davies , Personal Wealth from a Global Perspective , London, Oxford University Press, 2008, pp271 - 292, [Patrick Honohan]
Protecting Depositors in China: Experience and Evolving Policy in, Aslý Demirgüç-Kunt, Edward J. Kane, Luc Laeven , Deposit Insurance around the World: Issues of Design and Implementation, Cambridge, MA, MIT Press, 2008, pp335 - 360, [Patrick Honohan]
Asli Demirguc-Kunt, Thorsten Beck and Patrick Honohan, Finance for All? Policies and Pitfalls in Expanding Access , Washington, DC, World Bank, 2008
Patrick Honohan, Risk Management and the Costs of the Banking Crisis, National Institute Economic Review, 2008, (206), 2008, 15 - 24
Honohan, Patrick and Anthony Leddin, Ireland in EMU: More Shocks, Less Insulation?, Economic and Social Review, 37, (2), 2006, 263-294
Honohan, Patrick, to What Extent Has Finance Been a Driver of Ireland's Economic Success?, ESRI Quarterly Economic Commentary, (December), 2006, p59-72
De Nicoló, Gianni, Patrick Honohan, and Alain Ize, "Dollarization of Bank Deposits: Causes and Consequences" , Journal of Banking and Finance, 29, (7), 2005, 1697-1727
Honohan, Patrick and Luc Laeven, Systemic Financial Distress: Containment and Resolution , New York, Cambridge University Press, 2005, xi+384pp
Honohan, Patrick, Inequality and Poverty, Journal of Economic Perspectives, 18, (2), 2004, 271-272
"Financial Development, Growth and Poverty: How Close Are the Links? in, Charles Goodhart , Financial Development and Economic Growth: Explaining the Links, London, Palgrave, 2004, 1-37 , [Honohan, Patrick]
Honohan, Patrick and Daniela Klingebiel, The Fiscal Cost Implications of an Accommodating Approach to Banking Crisis, Journal of Banking and Finance, 27, (8), 2003, 1539-1560
Honohan, Patrick, Taxation of Financial Intermediation: Theory and Practice for Emerging Economies, New York, Oxford University Press, 2003, xvi+443pp
Hanson, James A., Patrick Honohan and Giovanni Majnoni, Globalization and National Financial Systems , New York, Oxford University Press, 2003, xii+282pp
Honohan, Patrick and Philip R. Lane, Divergent Inflation Rates in EMU, Economic Policy, 18, (37), 2003, 357-394
Honohan, Patrick and Brendan Walsh, Catching-up with the Leaders: The Irish Hare, Brookings Papers on Economic Activity, 2002, 1-79
Honohan, Patrick, Effects of an External Ratings-related Capital Adequacy System, Economic Notes, 30, (3), 2001, 359 - 372
Honohan, Patrick, Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies?, Applied Economics Letters, 8, (12), 2001, 799-802
Caprio, Gerard, Patrick Honohan and Joseph E. Stiglitz, Financial Liberalization: How Far, How Fast? , New York, Cambridge University Press, 2001, ix+308pp
Will the Euro Trigger More Monetary Unions in Africa? in, editor(s)Charles Wyplosz , EMU: Impact on Europe and the Developing Countries , Oxford, Oxford University Press, 2001, 315-338 , [Honohan, Patrick and Philip R. Lane]
Caprio, Gerard and Patrick Honohan, Finance for Growth: Policy Choices in a Volatile World , Washington DC, The World Bank, 2001, xv+212pp
Bandiera, Oriana, Gerard Caprio, Patrick Honohan and Fabio Schiantarelli, Does Financial Reform Raise or Reduce Saving?, Review of Economics and Statistics, 82, (2), 2000, 239 - 263
Honohan, Patrick, Miniblocs and Fringe Currencies of the EMU, Journal of Economic Integration, 15, (1), 2000, 47-75
Honohan, Patrick, Banking System Failures in Developing and Transition Countries: Diagnosis and Prediction, Economic Notes, 29, (1), 2000, 83-109
Honohan, Patrick, A Model of Bank Contagion Through Lending, International Review of Economics and Finance, 8, (2), 1999, 147-163
Caprio, Gerard and Patrick Honohan, Restoring Banking Stability: Beyond Supervised Capital Requirements, Journal of Economic Perspectives, 13, (4), 1999, 43-64
Honohan, Patrick and Philip R. Lane, Pegging to the Dollar and the Euro, International Finance, 2, (3), 1999, 379 - 410
HONOHAN, P, A PITFALL IN COMPUTING EXCHANGE RATE DENSITY IN THE EMS BAND, JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 17, 1998, 839-853
Honohan, Patrick and Cormac O Gráda, The Irish Macroeconomic Crisis of 1955-56: How Much Was Due to Monetary Policy?, Irish Economic and Social History, 25, 1998, 52-80
HONOHAN, P, A VISUAL TEST FOR A UNIT ROOT: GEARY'S COUNT OF SIGN CHANGES REVISITED, ECONOMIC AND SOCIAL REVIEW, 27, 1996, p181 - 186
Honohan, Patrick, Does It Matter How Seigniorage is Measured?, Applied Financial Economics, 6, (3), 1996, 293-300
HONOHAN, P, THE PUBLIC-POLICY ROLE OF THE EUROPEAN INVESTMENT BANK WITHIN THE EU, JOURNAL OF COMMON MARKET STUDIES, 33, 1995, p315 - 330
HONOHAN, P, STERLING MOVEMENTS AND IRISH POUND INTEREST-RATES, ECONOMIC AND SOCIAL REVIEW, 25, 1994, p201 - 220
HONOHAN, P, INFLATION AND THE DEMAND FOR MONEY IN DEVELOPING-COUNTRIES, WORLD DEVELOPMENT, 22, 1994, p215 - 223
HONOHAN, P, COINTEGRATION AND TIME-VARYING PARAMETERS - A COMMENT, 1993, -
HONOHAN, P, INTERSECTORAL FINANCIAL FLOWS IN DEVELOPING-COUNTRIES, ECONOMIC JOURNAL, 103, 1993, p666 - 679
HONOHAN, P, FINANCIAL SECTOR FAILURES IN WESTERN AFRICA, JOURNAL OF MODERN AFRICAN STUDIES, 31, 1993, p49 - 65
BREEN, R, TRENDS IN THE SHARE OF LONG-TERM UNEMPLOYMENT IN IRELAND, ECONOMIC AND SOCIAL REVIEW, 23, 1992, p73 - 92
HONOHAN, P, PRICE AND MONETARY CONVERGENCE IN CURRENCY UNIONS - THE FRANC AND RAND ZONES, JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 11, 1992, p397 - 410
HONOHAN, P, FISCAL ADJUSTMENT IN IRELAND IN THE 1980S, ECONOMIC AND SOCIAL REVIEW, 23, 1992, p285 - 314
HONOHAN, P, INFLATIONARY IMPACT OF MONEY-FINANCED DEFICITS, JOURNAL OF POLICY MODELING, 13, 1991, p229 - 240
HONOHAN, P, DEADWEIGHT LOSS MEASUREMENT WITH GENERALIZED GORMAN POLAR FORMS, PUBLIC FINANCE-FINANCES PUBLIQUES, 45, 1990, p260 - 267
Honohan, Patrick and Paul McNelis, Is the EMS a DM Zone? Evidence from the Realignments, Economic and Social Review, 20, (2), 1989, 97-110
BROWNE, FX, PORTFOLIO CHOICE IN IRISH FINANCIAL-MARKETS, ECONOMIC MODELLING, 5, 1988, p9 - 18
HONOHAN, P, THE MARGINAL SOCIAL COST OF TAXATION IN IRELAND, ECONOMIC AND SOCIAL REVIEW, 19, 1988, p15 - 41
HONOHAN, P, A HICKSIAN LINK BETWEEN INFLATION AND THE TERM STRUCTURE, ECONOMICS LETTERS, 24, 1987, p223 - 226
Honohan, Patrick and Rodrigo Peruga, Exchange Rates Do Not Violate Variance Bounds Tests, The Manchester School, 54, (3), 1986, 308-313
Honohan, Patrick and John Flynn, Irish Inflation in EMS, Economic and Social Review, 17, (3), 1986, 175-191
Honohan, Patrick, Fisher's Paradox - A Comment, American Economic Review, 75, (3), 1985, 567-568
Honohan, Patrick, The Break-up of a Currency Union Increases the Demand for Money, European Economic Review, 25, (2), 1984, 235-238
Honohan, Patrick, Expectation Errors and Exchange Rate Volatility, Journal of Macroeconomics, 6, (3), 1984, 323-334
Honohan, Patrick, Monetary Restraint and the Exchange Rate, Economica, 51, (202), 1984, 163-176
Honohan, Patrick, Measures of Exchange Rate Variability for One Hundred Countries, Applied Economics, 15, (5), 1983
Honohan, Patrick and R.P. Kinsella, Comparing Bank Concentration Across Countries, Journal of Banking and Finance, 6, 1982, 255-262
HONOHAN, P, ON THE USE OF DURBIN-WATSON TYPE STATISTICS WHERE THERE ARE MISSING OBSERVATIONS, STATISTICIAN, 31, 1982, p149 - 152
Honohan, Patrick, A New Look at Wicksell's Inflationary Process, The Manchester School, 49, (4), 1981, 319-333
Honohan, Patrick, Testing a Standard Model of Portfolio Selection, Oxford Bulletin of Economics and Statistics, 42, (1), 1980, 17-35
Honohan, Patrick, Some Effects of North Sea Oil on the Irish Economy, Economic and Social Review, 9, (2), 1978, 147-156
Non-Peer-Reviewed Publications
Bank Failures: The Limitations of Risk Modelling in, Douglas Evanoff and Philipp Hartmann , Credit Market Turmoil of 2007-08: Implications for Public Policy , Hackensack, NJ, World Scientific, 2009, [Patrick Honohan]
Finance in Africa: A Diagnosis in, editor(s)Marc Quintyn and Genevieve Verdier , African Finance in the 21st Century, London, Palgrave, 2009, [Patrick Honohan]
Finance for Urban China in, editor(s)Shahid Yusuf, Kaoru Nabeshima and Anthony Saich , China Urbanizes: Consequences, Strategies, and Policies, Washington DC, The World Bank, 2008, [Patrick Honohan]
Patrick Honohan, Containment and Resolution in the Financial Crisis: Too Little, Too Late, CESIfo Forum, (4), 2008, 22 - 27
Patrick Honohan, Should bank supervisors in developing countries exercise more or less forbearance, LSE Financial Markets Group Special Papers, Cycles, Contagion and Crises, London, 29 June 2007, edited by Ashley Taylor , (183), London School of Economics, 2008, 376-422
Honohan, Patrick, Deposit Dollarization and Exchange Rate Changes, 2007
Honohan, Patrick, Household Financial Assets in the Process of Development, 2006
Honohan, Patrick, Banking Sector Crises and Inequality, 2005
Starting Over Safely: Rebuilding Banking Systems in, editor(s)Caprio, Gerard, James A. Hanson and Robert E. Litan , Financial Crises: Lessons from the Past, Preparation for the Future, Washington DC, Brookings Institution Press, 2005, 217-255 , [Caprio, Gerard and Patrick Honohan]
Honohan, Patrick, Measuring Microfinance Access: Building on Existing Cross-Country Data, 2005
Can the Unsophisticated Market Provide Discipline in, editor(s)William C. Hunter, George G. Kaufman, Claudio Borio and Kostas Tsatsaronis , Market Discipline across Countries and Industries, Cambridge, MA, MIT Press, 2004, pp349 - 362, [Caprio, Gerard and Patrick Honohan]
Honohan, Patrick, Financial Sector Policy and the Poor: Selected Issues and Evidence, Washington, DC, The World Bank, 2004, vii+77pp
Caprio, Gerard, Patrick Honohan and Dimitri Vittas, Financial Sector Policy for Developing Countries - A Reader , New York, Oxford University Press, 2002, xvii+250pp
Honohan, Patrick, EU Structural Funds in Ireland: A Mid-term Evaluation of the CSF 1994-99 , Dublin, Economic and Social Research Institute, 1997, xxxiii+280pp
Baker, Terry, John Fitz Gerald and Patrick Honohan, Economic Implications for Ireland of EMU , Dublin, Economic and Social Research Institute, 1996, v+362pp
Honohan, Patrick and Charles Conroy, Irish Interest Rate Fluctuations in the European Monetary System , Dublin, Economic and Social Research Institute, 1994, xiv+109pp
Honohan, Patrick, An Examination of Irish Currency Policy, Dublin, Economic and Social Research Institute, 1993, x+66pp
Honohan, Patrick and Brian Nolan, The Financial Assets of Households in Ireland , Dublin, Economic and Social Research Institute, 1993, x+96pp
Honohan, Patrick, Intersectoral Financial Flows in Ireland, Dublin, Economic and Social Research Institute, 1992, x+82pp
Honohan, Patrick, European Community Lending Instruments and the Structural Funds, Dublin, Economic and Social Research Institute, 1992, pp
Caprio, Gerard and Patrick Honohan, Monetary Policy Instruments for Developing Countries, Washington, DC, The World Bank, 1991, 1-137pp
Research Expertise
Recognition
Awards and Honours
Member of the Royal Irish Academy