At least that is the ambitious title of a project I'll be working on during the summer in connection with the Fields - Mitacs Undergraduate Research Program.
The immediate goal is simple: compile as much as possible of the dataset used in the book This time is different and extend it to include recent data up to 2011. Along the way we plan to gain a better understanding of the salient statistical features of financial crises and do our own analysis of the reliability of several early warning indicators proposed in the literature.
The fun part is that we could witness the mother of all crises right in the middle of the project if the US default on its debt.
Update: here is the video of the final presentation for the project delivered by the students.