01688cas a2200241 a 4500 AALejournalIMF007620 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852127 1018-5941 BD-DhAAL BD-DhAAL Jarvis, Christopher. The Rise and Fall of the Pyramid Schemes in Albania / Christopher Jarvis. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/098 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/098/001.1999.issue-098-en.xml IMF e-Library