Year: 2024
Type: article
Abstract: This study concentrates on the environment of financial institutions and investigates how macroeconomic fluctuations and sociodemographic factors affect the incidence of financial fraud and identity theft in the pre-covid era. Using quarterly records of the incidence of these variables provided by a major financial institution in Mexico from 1999 to 2019, we modelize financial crimes of fraud and identity theft. Macroeconomic and sociodemographic variables are employed. Oil prices are a new variable added to the analysis of financial crimes that have an impact on oil-exporting economies such as Mexico. The cointegration and vector error correction analysis is applied. Our findings show that the unemployment rate, oil prices, GDP per capita and gender have a significant impact in the short and long term on fraud and identity theft incidence. The Toda-Yamamoto test shows evidence of Granger-causality from inflation and the stock market towards these financial crimes.
Source: ECORFAN Journal Mexico
Institutions: Tecnológico de Monterrey, Universidad Complutense de Madrid
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
Awards: G1052325019, G5805502524
OpenAlex ID: W4403920627