Here's a book chapter forthcoming (in edited version) in Corporate Governance in Ireland: An Irish Perspective, edited by Dr Ailbhe O'Neill of Trinity College, Dublin. Here's the abstract, the link for the working paper version is below.
This chapter advances a financial fragility hypothesis[1] to explain many of the determinants of the 2009/2010 Irish recessionary period. This chapter gives the context in terms of goshavernance for the poor performance of the Irish economy to date, suggests one theory to explain the changes we have witnessed in Irish economic conditions in 2008 and 2009, and advances an ‘emergent’ theory of corporate governance for the 21st Century to better protect the Irish economy from the inevitable excesses of the financial sector.
Kinsella_Financial Fragility_V0.3