8 Pages Posted: 29 Aug 2012
Date Written: July 3, 2012
It is widely believed that the growing use of electronic financial transactions should reduce physical vulnerability to crimes such as robbery and burglary. Using a sample of 49 countries over six years, we test this hypothesis using fixed effects (FE) and difference GMM estimators. Our results suggest that the global spread of electronic financial transaction technology plays an important role in reducing crime and enhancing physical security.
Keywords: electronic financial transactions, crime, cashless economy
JEL Classification: G21, K42
Suggested Citation: Suggested Citation
Armey, Laura E. and Lipow, Jonathan and Webb, Natalie J., The Impact of Electronic Financial Payments on Crime (July 3, 2012). Available at SSRN: https://ssrn.com/abstract=2137266 or http://dx.doi.org/10.2139/ssrn.2137266