Cross-border interlinkages via Irish-domiciled funds industry and multinational companies are a key feature of the financial network. Ireland plays a role as one of a number of significant hubs for the global funds industry. The tight linkages between the rest of the world (ROW) and non-financial corporations reflect the large presence of foreign-controlled multinational companies in Ireland. The direct bilateral connection between the ROW and Irish households is insignificant, but the household sector is indirectly exposed to global shocks through their balance sheets of insurance companies and pension funds.
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|Size: ||2.7 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2016|
|ISBN: ||9781475542349 (DRM-EPUB)|
|Read Aloud: ||not allowed|