Patrick Honohan (born in Dublin, October 1949) is an economist who was appointed Governor of the Central Bank of Ireland in September 2009. Among his main tasks are the challenge of helping to resolve the 2008–2012 Irish banking crisis. He is married with one son.
Honohan graduated with a B.A. in Economics and Mathematics at University College Dublin in 1971 and received an M.A. from the same institution in 1973. From the London School of Economics he received an M.Sc. in Econometrics and Mathematical Economics (1974) and a PhD (1978).
Before pursuing postgraduate research, Honohan took a position with the International Monetary Fund in 1971. While completing his PhD in London, he joined the economics staff of the Central Bank of Ireland. During the 1980s, he was Economic Advisor to Taoiseach Garret FitzGerald and subsequently began working with the World Bank. Honohan then spent seven years as a Research Professor with the Economic and Social Research Institute before returning to the World Bank in 1998 as a Lead Economist and subsequently Senior Advisor on financial sector policy.
The author of numerous academic papers and monographs, he has taught economics at the LSE, University of California, San Diego, the Australian National University and University College Dublin. He was appointed Professor of International Financial Economics and Development in 2007 at Trinity College Dublin.
Honohan was severely rebuked by senior government ministers by phone for failing to seal an Anglo Irish Bank promissory note deal in Frankfurt in February 2013. Taoiseach Enda Kenny, Finance Minister Michael Noonan, Tanaiste Eamon Gilmore and Public Expenditure Minister Brendan Howlin were reportedly furious with Prof Honohan's failure to close the deal as had been expected. Honohan subsequently issued a denial and a deal was secured.
On October 7th 2013 be was conferred with an Honorary Fellowship by the Society of Actuaries in Ireland.
- Geoff Percival (2009-09-04). "Patrick Honohan to head Central Bank". Irish Examiner. Retrieved 2009-12-23.
- "Patrick Honohan's CV". Retrieved 2009-12-23.
- "Money pit". The Economist. 2010-08-19.
|Governor of the Central Bank of Ireland