Ponzis : The Science and Mystique of a Class of Financial Frauds

Ponzis : The Science and Mystique of a Class of Financial Frauds

Ponzis are among the most ubiquitous and least understood phenomena of economic life. They acquired a certain salience with the global financial crisis of 2008 and the crash of Bernie Madoff s celebrated Ponzi scheme. This paper explains the struct...

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Bibliographic Details
Main Author: Basu, Kaushik
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
BANKRUPTCY
BIDS
BORROWER
BORROWING
CAPITAL GAINS
CENTRAL BANKS
COLLATERAL
CONSUMERS
CORPORATE DEFAULT
CORPORATE SOCIAL RESPONSIBILITY
CURRENCY
DEBT
DEBT CRISIS
DEFLATION
DEPOSITORS
DEPOSITS
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DIVIDEND
ECONOMIC LIFE
ECONOMIC THEORY
EMPLOYEE
ENTREPRENEUR
EXCHANGE BOARD
EXCHANGE COMMISSION
FAMILIES
FINANCIAL COMPANIES
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL FRAUD
FINANCIAL FRAUDS
FINANCIAL MARKETS
FINANCIAL PRODUCT
FINANCIAL PRODUCTS
FIXED SHARE
FRAUD
FRAUDS
GOLD PRICES
GOVERNMENT POLICY
HOLDING
HOME MORTGAGE
INCOME
INCOMES
INTERNATIONAL BANK
INVESTING
IRRATIONAL EXUBERANCE
LENDER
LIQUIDITY
LOAN
LOTTERIES
MARKET FORCES
MARKETING
PRICE FLUCTUATIONS
RECESSION
REPUTATION
RETURN
RETURNS
SALES
SECURITIES
SOCIAL RESPONSIBILITY
SPECULATIVE BUBBLE
SPREAD
STARTUP
STOCK OPTION
STOCK OPTIONS
TAX
TRANSACTIONS COST
TRANSACTIONS COSTS
UNEMPLOYMENT
WAGES
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2014/07/19795533/ponzis-science-mystique-class-financial-frauds
http://hdl.handle.net/10986/19358

Internet

http://documents.worldbank.org/curated/en/2014/07/19795533/ponzis-science-mystique-class-financial-frauds
http://hdl.handle.net/10986/19358

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