The article explores what factors affect how long it takes for countries to recover from banking crises. By analyzing data from 138 banking crises between 1970 and 2013, the researchers found that countries with currency crises and overvalued currencies took longer to recover. Additionally, low growth in world trade, high gold prices, and contractionary monetary policy by the US Fed hindered recovery. This shows that both domestic and external constraints play a crucial role in determining the length of recovery from banking crises.