EconPapers    
Economics at your fingertips  
 

The Rise and Fall of the Pyramid Schemes in Albania

Chris Jarvis
Additional contact information
Chris Jarvis: International Monetary Fund

IMF Staff Papers, 2000, vol. 47, issue 1, 1

Abstract: 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. Copyright 2000, International Monetary Fund

JEL-codes: E65 G14 G18 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.imf.org/external/Pubs/FT/staffp/2000/00-01/pdf/jarvis.pdf main text (application/pdf)
http://www.imf.org/external/Pubs/FT/staffp/2000/00-01/jarvis1.csv supplementary data (text/plain)
http://www.imf.org/external/Pubs/FT/staffp/2000/00-01/jarvis2.csv supplementary data (text/plain)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:47:y:2000:i:1:p:1

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:pal:imfstp:v:47:y:2000:i:1:p:1