Honohan sets out virtues of new crisis tools in final speech

Irish governor stresses potential of direct recapitalisation and GDP-linked loans

Patrick Honohan: farewell speech

Patrick Honohan identified two strands of "financial engineering" that could have helped accelerate the Irish recovery, in his valedictory remarks as governor of the Central Bank of Ireland last night (November 17).

Honohan steps down next week after six years at the helm of the central bank, to be succeeded by Philip Lane, a professor at Trinity College Dublin. Honohan reflected on the handling of the Irish financial crisis in his final remarks, at the London School of Economics (LSE).

Early on

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