This paper proposes a novel empirical strategy to estimate the causal effects of federal "redlining" – the mapping and grading of US neighborhoods by the Home Owners' Loan Corporation (HOLC). In the late 1930s, a federal agency created color-coded maps to summarize the financial risk of...

Projecting migration is challenging, due to the context-specific and discontinuous relations between migration and the socioeconomic and environmental conditions that drive this process. Here, we investigate the usefulness of Machine Learning (ML) Random Forest (RF) models to develop three net...

The credit risk assessment process is necessary for maintaining financial stability, cost and time efficiency, model performance accuracy, comparability analysis and future business implications in the commercial banking sector. By accurately predicting credit risk, highly regulated banks can...

Building small-population mortality tables has great practical importance in actuarial applications. In recent years, several works in the literature have explored different methodologies to quantify and assess longevity and mortality risk, especially within the context of small populations, and...

This study examines the effect of the investment portfolio structure on insurers' solvency, as measured by the Solvency Capital Requirement ratio. An empirical sample of 88 EU-based insurance groups was analyzed to provide robust evidence of the portfolio's impact on the Solvency Capital...

This paper proposes a novel empirical strategy to estimate the causal effects of federal "redlining" - the mapping and grading of US neighborhoods by the Home Owners' Loan Corporation (HOLC). In the late 1930s, a federal agency created color-coded maps to summarize the financial risk of granting...

Researchers have long used gravity models to analyze international trade patterns, identify export opportunities, and negotiate trade agreements. Recent research has emphasized the significance of relatedness and product complexity research in developing robust economic development strategies....