Ponzi schemes in the Caribbean /

In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared with traditional Ponzi schemes and pyramid schemes. This paper describes the growth of...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Carvajal, Ana (Autor)
Autores Corporativos: International Monetary Fund. Western Hemisphere Department, International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/95.
Temas:
Ponzi schemes > Caribbean Area.
Fraud > Caribbean Area.
Swindlers and swindling > Caribbean Area.
Ponzi, Plans > Caraïbes (Région)
Fraude > Caraïbes (Région)
Fraud
Ponzi schemes
Swindlers and swindling
Caribbean Area
Acceso en línea:Texto completo
Descripción
Sumario:In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared with traditional Ponzi schemes and pyramid schemes. This paper describes the growth of such schemes, their subsequent collapse, and the policy response of regulators, and presents key policy lessons. The analysis and recommendations draw on country experiences in the Caribbean, and in such diverse countries as the United States, Colombia, Lesotho, and Albania.
Descripción Física:1 online resource (44 pages)
Bibliografía:Includes bibliographical references (pages 43-44).

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