Patrick Honohan

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Patrick Honohan (born in Dublin, October 1949) is an economist who was appointed Governor of the Central Bank of Ireland in September 2009.[1] Among his main tasks are the challenge of helping to resolve the 2008–2012 Irish banking crisis. He is married with one son.

Education[edit]

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).

Professional career[edit]

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,[2] 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.

In September 2009, Honohan was appointed as the tenth governor of the Central Bank of Ireland. In this position he has acquired a reputation as a "straight talker"[3] University College Dublin research found after stress tests failed to properly assess the true condition of the country's banks Honohan made "the costliest mistake ever made by an Irish person."[4]

See also[edit]

References[edit]

  1. ^ Geoff Percival (2009-09-04). "Patrick Honohan to head Central Bank". Irish Examiner. Retrieved 2009-12-23. 
  2. ^ "Patrick Honohan's CV". Retrieved 2009-12-23. 
  3. ^ "Money pit". The Economist. 2010-08-19. 
  4. ^ http://www.independent.ie/business/small-business/economist-morgan-kelly-in-talks-with-central-bank-over-sme-risk-30096636.html%7C work=Irish Independent| Economist Morgan Kelly in talks with Central Bank over SME risk |16 March 2014
Government offices
Preceded by
John Hurley
Governor of the Central Bank of Ireland
2009–present
Incumbent