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made limited facilities available to non-associated banks to issue cash. It was not only financial transactions that were affected; many property deals were also affected, because the documents were kept in the banks. The effect on the Irish economy was surprisingly small, as Irish citizens traded
77:) failed when the strike ended, and settlements were made, but its failure was perhaps inevitable anyway. The strike had little effect on the main economic concerns, which were unemployment and industrial unrest caused by inflation.
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32:. The strikes provided economists with a unique opportunity to study the functioning of a modern economy without access to bank deposits.
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The country came through reasonably well in business terms, despite the bank strike. A large firm (
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Antoine E. Murphy (March 1978). "Money in an economy without banks: The case of
Ireland".
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cheques among themselves based on mutual trust, effectively substituting them for cash.
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were three strikes of about a year's total duration which closed down all the
141:"It's 1970: Industrial unrest and a jobless rate of 7pc are key concerns"
124:. Irish Independent. December 29, 1999. Archived from
35:The strikes affected all the associated banks: the
65:The longest strike was of six months in 1970. The
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108:10.1111/j.1467-9957.1978.tb00151.x
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139:Brendan Keenan (August 5, 2010).
206:1976 labor disputes and strikes
201:1970 labor disputes and strikes
196:1966 labor disputes and strikes
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61:June 28 – September 6, 1976
51:. The strikes lasted from:
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211:Labour disputes in Ireland
58:May 1 – November 17, 1970
191:1976 in economic history
186:1970 in economic history
181:1966 in economic history
96:The Manchester School
55:May 7 – July 30, 1966
143:. Irish Independent.
30:Republic of Ireland
216:History of banking
161:Banking in Ireland
128:on August 2, 2012.
41:Allied Irish Banks
18:Irish bank strikes
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