01903cas a2200241 a 4500 AALejournalIMF017214 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475552171 1018-5941 BD-DhAAL BD-DhAAL Klein, Nir. Corporate Sector Vulnerabilities in Ireland / Nir Klein. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and especially smaller domestic firms remain vulnerable. A sensitivity analysis indicates that a non-extreme shock, which comprises a decline in profitability and an increase in interest rates, is likely to push many firms into a vulnerable state and that the share of firms with interest cover ratio of lower than one would triple to nearly fifty percent, largely reflecting the deterioration in the financial health of small firms. In such a scenario, the share of risky debt would increase to the level observed during the financial crisis, resulting in a significant increase in new corporate defaults. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/211 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/211/001.2016.issue-211-en.xml IMF e-Library