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The rise of modern science has brought with it increasing acceptance among intellectual elites of a worldview that conflicts sharply both with everyday human experience and with beliefs widely shared among the world’s great cultural traditions. Most contemporary scientists and philosophers believe that reality is at bottom purely physical, and that human beings are nothing more than extremely complicated biological machines. On such views our everyday experiences of conscious decision-making, free will, and the self are illusory by-products of the grinding of our neural machinery. It follows that mind and personality are necessarily extinguished at death, and that there exists no deeper tr...
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First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the area of the macroprudential policy framework. The current institutional arrangement in Ireland is appropriate for effective macroprudential policy and in line with IMF guidance. The Central Bank of Ireland’s analysis of systemic vulnerabilities is sophisticated and timely. The central bank has been introducing a range of macroprudential instruments to contain a buildup of systemic risk in the financial system. Ireland’s boom-bust experience amply demonstrates the need for forward-looking action to head off incipient financial problems.