Money under the mattress: economic crisis and crime

Eleni Kyrkopoulou, Alexandros Louka and Kristin Fabbe
Additional contact information
Kristin Fabbe: Harvard Business School

No 310, Working Papers from Bank of Greece

Abstract: 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.

Keywords: Crime rate; Greece; crisis; bank deposits; property crime (search for similar items in EconPapers)
JEL-codes: K42 (search for similar items in EconPapers)
Pages: 22
Date: 2022-12
New Economics Papers: this item is included in nep-law and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.52903/wp2022310 Full Text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://doi.org/10.52903/wp2022310 [302 Found]--> https://www.bankofgreece.gr/Publications/Paper2022310.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bog:wpaper:310

Access Statistics for this paper

More papers in Working Papers from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Anastasios Rizos ().