The values, faiths and virtues generate relatively stable attitudes and enduring predispositions of behavior, manifested in relation to a situation or person. The Weberian secularization hypothesis shows that, while the process of economic development is launched, the religious institution plays...

Economic and financial crises are characterized by tail events. When they occur, tail correlations emerge, which have linear and non-linear origins. The former are due to the Pearson correlations, while the strength of the latter depends on the heavyness of the tails. We introduce TailCoR, a new...