Financial crises are often credit booms gone wrong. But what happens during credit expansions that end in crises? Our data allows a comprehensive look at the composition of credit in the run-up to many important crisis episodes. While their origins may differ, our takeaway is that there are also important commonalities to these events. Explore the data below to see for yourself. Each crisis comes with a narrative account of what happened before, during, and after the start of the episode.
Explore where credit flows around episodes of systemic banking crises on average or by individual episode. All figures show the ratio of sectoral credit-to-GDP (indexed to 100 in a focal year) around the onset of a financial crisis episodes.