The Aftermath of Financial Crises

Every day, we hear about a new prediction on the length and severity of the current recession. I believe that, while history does not repeat itself, it can be a very useful guide. I have found this paper called "The Aftermath of Financial Crises" that presents a historical analysis of other banking crises in advanced economies since World War II. It is an easy read and is well worth the time it takes to review it. Overall, it appears that we are still in the early innings of the crisis. Here is one of the graphs in the report.