TY  - BOOK
AU  - Jarvis,Christopher J.
TI  - The Rise and Fall of the Pyramid Schemes in Albania
T2  - IMF Working Papers; Working Paper
SN  - 1451852126 :
SN  - 1018-5941
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Criminal Activities
KW  - imf
KW  - Law Enforcement
KW  - Ponzi Schemes
KW  - Pyramid Scheme
KW  - Pyramid Schemes
KW  - Albania
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/07256-9781451852127/07256-9781451852127/07256-9781451852127.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451852127
ER  -