Money under the mattress: economic crisis and crime

Autor: Eleni Kyrkopoulou, Alexandros Louka, Kristin Fabbe
Rok vydání: 2023
Popis: The paper investigates the effect of a (semi-) deposit run during a debt crisis on crime rates. The study focuses on Greece’s protracted debt crisis (2009-2018) and analyzes the response of crime to deposit outflows. It shows that deposit outflows corresponded to a significant increase in property crimes (thefts and burglaries), but not other types of offenses. Our findings suggest that policy makers should also consider the potential criminogenic effects of financial destabilization.
Databáze: OpenAIRE