Briefly summarize the common features and consequences of historical financial crises.

Reading Materials

The Aftermath of Financial Crises.The American Economic Review, Vol. 99, No. 2, Papers and Proceedings of the One Hundred Twenty-First Meeting of the American Economic Association (May, 2009), pp.

Writing Instruction

After reading the materials, briefly summarize the common features and consequences of historical financial crises.

You should refer to some data in the paper to support your points. But DO NOT quote the original texts. Try to explain with your own words.

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