In this paper, we investigate to what extent and in what ways conditions related to the recession of 2007-2008 reduced fatal crashes. We hypothesize that the reduction in fatal automobile accidents operates through both the quantity of driving and changes in behaviors associated with driving....

In the 2010s, the United States entered a pedestrian safety crisis that is unique among wealthy nations. Deaths of people on foot surged more than 46 percent during that decade, outpacing the increase in all other traffic deaths by nine to one. There are no signs of improvement this decade; to the...

This article looks at how two airlines — Southwest and US Airways — responded to the smoldering crisis of loss of profitability and ridership in their short-haul markets from the early 1990s to mid-2000s.The contribution of this article is developing a linkage between the literature of risk...

This study analyzes the effects of binding local speed limits on crash frequency on German motorways. Various geo-spatial data sources are merged to a new data set providing rich information on characteristics for 500-meter segments of large parts of the German motorway network. The empirical...

We document a significant relationship between subprime auto credit and road safety, with a one-standard-deviation increase in originations of such loans in a county being associated with a 5 percent increase in fatal crashes. The results are robust at various geographical levels and hold for...

This study presents an exploratory analysis of the key factors contributing to fatal and severe crashes on German motorways. We employ Poisson and Negative Binomial regression models, combined with Lasso regularization and stability selection, to explore model specifications incorporating...

This paper analyzes the insurability of pandemic risk and outlines how underwriting policies and scenario analysis are used to build resilience upfront and plan contingency actions for crisis scenarios. It then summarizes the unique “lessons learned” from the Covid-19 crisis by baselining...

The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...

This paper looks at the development of the banking sector in emerging East Asia in the 10 years since the financial crisis of 1997/98. It suggests that the health of banking sectors in the region has improved substantially, with key changes including increased foreign ownership, movement into...

In this paper, I investigate whether being part of a business group mitigated the effects of the global financial crisis for Swedish firms. The crisis is used as an exogenous shock to firms' external financing. The investments made by business group firms are compared to those made by standalone...