institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … crises, ethnic cleavages do the reverse. However, the negative effects of ethnic cleavages are not insurmountable: an …

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the …

common break date. One size does not fit all when it comes to identifying the impact of financial crises on firm level …

goals with non-violent as compared to violent means, distinguishing terrorism from insurgencies. It is hypothesized that …

Usually, studies analyzing terrorism focus on the total number of casualties or attacks in a given county. However, per … capita rates of terrorism are more likely to matter for individual welfare. Analyzing 214 countries from 1970 - 2014, we show … terror per capita. A larger share of Muslims in society is, if anything, associated with less terrorism. Similar conclusions …

’s level of CT is systematically related to terrorism. We introduce a simple theoretical framework, suggesting that terrorism … countries from 1970-2014, we find evidence for these predictions: Terrorism peaks at intermediate ranges of CT and corresponding …

This study examines the effect of religiosity on terrorism by focusing on one of the five pillars of Islam: Ramadan … countries. We argue that this effect partly operates through a decrease in public support for terrorism, which in turn reduces …