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Economic shocks and crime: evidence from the crash of ponzi schemes

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dc.creatorCortés Cortés, Darwin
dc.creatorSantamaría, Julieth
dc.creatorVargas Duque, Juan Fernando
dc.date.accessioned2016-03-18T17:27:54Z
dc.date.available2016-03-18T17:27:54Z
dc.date.created2016-03-14
dc.date.issued2016
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.eng
dc.format.extent23spa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_11880
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/11880
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.urihttps://ideas.repec.org/p/col/000092/014331.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
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dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcDerecho penal
dc.subject.jelG01
dc.subject.jelN26
dc.subject.jelP46
dc.subject.keywordPonzi schemeseng
dc.subject.keywordEconomic shockseng
dc.subject.keywordProperty crimeeng
dc.subject.keywordColombiaeng
dc.subject.lembDelitos por computadorspa
dc.subject.lembFraude electrónicospa
dc.subject.lembDelitos económicosspa
dc.subject.lembColombiaspa
dc.titleEconomic shocks and crime: evidence from the crash of ponzi schemesspa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaDocumento de trabajospa
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