## Ireland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy Framework and Tools

_IMF Staff Country Reports, September 9, 2022_

## Source details

**Canonical URL:** [Ireland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy Framework and Tools](https://www.imf.org/en/publications/cr/issues/2022/09/07/ireland-financial-sector-assessment-program-technical-note-on-macroprudential-policy-523204)

## Other formats

- [Markdown version](/en/publications/cr/issues/2022/09/07/ireland-financial-sector-assessment-program-technical-note-on-macroprudential-policy-523204/index.md)
- [Structured JSON version](/en/publications/cr/issues/2022/09/07/ireland-financial-sector-assessment-program-technical-note-on-macroprudential-policy-523204/index.json)
- [Bundle manifest](/en/publications/cr/issues/2022/09/07/ireland-financial-sector-assessment-program-technical-note-on-macroprudential-policy-523204/bundle-manifest.json)

## Bibliographic details
- Published: September 9, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400217876.002

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### Summary and context
- Ireland is a small open economy that is part of a monetary union and has a major financial system.
- Within the Euro Area (EA), Ireland comprises a relatively small proportion of aggregate GDP (3.4 percent), of which a significant portion is attributable to foreign-owned multinational enterprises (MNEs).
- The Irish financial system holds assets of EUR 7.9 trillion, over 18 times GDP.
- Since monetary policy is carried out by the European Central Bank (ECB) for the entire EA, macroprudential policy has the potential to play a critical stabilizing role for the Irish financial system.

### Major themes and focus areas
- Credit
- Financial institutions
- Financial sector policy and analysis
- Financial sector stability
- Housing prices
- Macroprudential policy instruments
- Monetary policy
- Mortgages
- Money
- International organization

### Keywords and specific vulnerabilities noted
- bank funding
- bank lending
- bank sector
- commercial real estate
- CRE market vulnerability
- Credit
- Financial sector stability
- Global
- Housing prices
- lending to SME
- Macroprudential policy instruments
- Mortgages

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2022/english/1irlea2022011.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2022/english/1irlea2022011.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2022/09/07/ireland-financial-sector-assessment-program-technical-note-on-macroprudential-policy-523204_