dc.creatorCortes, Darwin 
dc.creatorSantamaría, Julieth 
dc.creatorVargas, Juan Fernando 
dc.description.abstractIn November 2008, Colombian authorities dismantled a network of Ponzi schemes, making hundreds of thousands of investors lose tens of millions of dollars throughout the country. Using original data on the geographical incidence of the Ponzi schemes, this paper estimates the impact of their break down on crime. We find that the crash of Ponzi schemes differentially exacerbated crime in affected districts. Confirming the intuition of the standard economic model of crime, this effect is only present in places with relatively weak judicial and law enforcement institutions, and with little access to consumption smoothing mechanisms such as microcredit. In addition, we show that, with the exception of economically-motivated felonies such as robbery, violent crime is not affected by the negative shock.
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subject.lembDelitos por computador
dc.subject.lembFraude electrónico
dc.subject.lembDelitos económicos
dc.titleEconomic shocks and crime: evidence from the crash of ponzi schemes
dc.publisherUniversidad del Rosario
dc.publisher.departmentFacultad de Economía
dc.subject.keywordPonzi schemes
dc.subject.keywordEconomic shocks
dc.subject.keywordProperty crime
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto completo)
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