<p>The varying impact of pandemic uncertainty significantly influenced the patterns of financial crimes, as economic instability and disrupted oversight systems provided new opportunities for fraud and embezzlement. Conversely, sectors with enhanced digital surveillance saw a notable decrease in such crimes, highlighting the varying effects across different economies. This research assesses the impact of pandemic uncertainty on financial crimes in ten selected economies (the USA, Germany, China, India, Brazil, Australia, South Africa, Japan, the UK, and Russia). Previous works have predominantly used panel data techniques, overlooking the distinct characteristics of various economies. Contrarily, this research employs the Quantile-on-Quantile methodology. It enables the investigation of relationships between variables within each specific country. Consequently, the study offers a comprehensive global perspective, revealing nuanced insights into the unique characteristics of individual economies. The findings show a positive relationship between pandemic-induced uncertainty and financial crimes across various quantiles in most selected economies. Moreover, the study reveals varying trends in these relationships within specific quantiles of the variables in sample countries. These insights accentuate policymakers' need to conduct comprehensive assessments and formulate resilient strategies to monitor shifts in both financial crimes and pandemic uncertainty.</p>

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Pandemic panic and financial predation: the strategic evolution of financial crimes in uncertain times

  • Yongjian Jia,
  • Zeeshan Rasool,
  • Sajid Ali,
  • Raima Nazar,
  • Muhammad Khalid Anser

摘要

The varying impact of pandemic uncertainty significantly influenced the patterns of financial crimes, as economic instability and disrupted oversight systems provided new opportunities for fraud and embezzlement. Conversely, sectors with enhanced digital surveillance saw a notable decrease in such crimes, highlighting the varying effects across different economies. This research assesses the impact of pandemic uncertainty on financial crimes in ten selected economies (the USA, Germany, China, India, Brazil, Australia, South Africa, Japan, the UK, and Russia). Previous works have predominantly used panel data techniques, overlooking the distinct characteristics of various economies. Contrarily, this research employs the Quantile-on-Quantile methodology. It enables the investigation of relationships between variables within each specific country. Consequently, the study offers a comprehensive global perspective, revealing nuanced insights into the unique characteristics of individual economies. The findings show a positive relationship between pandemic-induced uncertainty and financial crimes across various quantiles in most selected economies. Moreover, the study reveals varying trends in these relationships within specific quantiles of the variables in sample countries. These insights accentuate policymakers' need to conduct comprehensive assessments and formulate resilient strategies to monitor shifts in both financial crimes and pandemic uncertainty.