The Rise and Fall of the Pyramid Schemes in Albania:
What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes the economic effects of the pyramid schemes, concluding that de...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/98 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy triggered by the schemes' collapse their direct effects on the economy are difficult to specify and appear to have been limited. Finally, the paper argues that prevention of pyramid schemes is better than cure, and that governments and international financial institutions should be vigilant in clamping down on frauds |
Beschreibung: | 1 Online-Ressource (36 p) |
ISBN: | 1451852126 9781451852127 |
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spelling | Jarvis, Christopher J. Verfasser aut The Rise and Fall of the Pyramid Schemes in Albania Jarvis, Christopher J Washington, D.C International Monetary Fund 1999 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/98 What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy triggered by the schemes' collapse their direct effects on the economy are difficult to specify and appear to have been limited. Finally, the paper argues that prevention of pyramid schemes is better than cure, and that governments and international financial institutions should be vigilant in clamping down on frauds Online-Ausg http://elibrary.imf.org/view/IMF001/07256-9781451852127/07256-9781451852127/07256-9781451852127.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Jarvis, Christopher J. The Rise and Fall of the Pyramid Schemes in Albania |
title | The Rise and Fall of the Pyramid Schemes in Albania |
title_auth | The Rise and Fall of the Pyramid Schemes in Albania |
title_exact_search | The Rise and Fall of the Pyramid Schemes in Albania |
title_exact_search_txtP | The Rise and Fall of the Pyramid Schemes in Albania |
title_full | The Rise and Fall of the Pyramid Schemes in Albania Jarvis, Christopher J |
title_fullStr | The Rise and Fall of the Pyramid Schemes in Albania Jarvis, Christopher J |
title_full_unstemmed | The Rise and Fall of the Pyramid Schemes in Albania Jarvis, Christopher J |
title_short | The Rise and Fall of the Pyramid Schemes in Albania |
title_sort | the rise and fall of the pyramid schemes in albania |
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