... €0m 100 ,000m€200,000m€300,000m€400,000m€500,000m€600,000mCapital =and= reservesDebt=securities=to =Irish= residentsNon Irish= customer=dep ositsDebt=securities=‐ non Irish Other=liabilitiesDeposits=from =Irish= credit= institutions Irish= customer=depositsDeposits=from=non Irish= credit= institutionsDec/99Dec/08 ... perceived credit 1 Irish Economy Note No. 10 “The U. S. and Irish Credit Crises: Their Distinctive Differences and Common Features” Gregory Connor Thomas Flavin Brian O’Kelly NUI ... behaviour by economic agents in the two countries, and discusses how this contributed to each crisis. Section 7 summarizes and concludes the paper. 2. Differences between the US and Irish Crises...