06002oam 22015494 450 991082897510332120240912151721.01-4623-7292-91-4527-7025-51-282-84315-X1-4518-7242-99786612843150(CKB)3170000000055248(EBL)1608258(SSID)ssj0000943014(PQKBManifestationID)11505579(PQKBTitleCode)TC0000943014(PQKBWorkID)10974785(PQKB)11029704(OCoLC)649710326(Au-PeEL)EBL4954951(CaONFJC)MIL284315(OCoLC)732599805(IMF)WPIEE2009095(MiAaPQ)EBC1608258(MiAaPQ)EBC4954951(EXLCZ)99317000000005524820020129d2009 uf 0engur|n|---|||||txtccrPonzi Schemes in the Caribbean /Ana Carvajal, Hunter Monroe, Catherine Pattillo, Brian WynterWashington, D.C. :International Monetary Fund,2009.1 online resource (46 p.)IMF Working PapersDescription based upon print version of record.1-4519-1677-9 Includes bibliographical references.Contents; I. Introduction; II. Background; III. Unregulated Investment Schemes in the Caribbean; A. Jamaica; B. Eastern Caribbean Currency Union and the Turks and Caicos Islands; IV. Addressing Unregulated Investment Schemes: Key Policy Lessons; A. Preconditions; B. Key Regulatory Actions; V. Conclusion; Annex I. Other Recent Investment Schemes; A. United States; B. Colombia; C. Lesotho; D. Albania; ReferencesIn 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.IMF Working Papers; Working Paper ;No. 2009/095Securities fraudCaribbean AreaCommercial crimesCaribbean AreaBanks and BankingimfInvestments: GeneralimfMoney and Monetary PolicyimfPublic FinanceimfBusiness and FinancialimfForeign ExchangeimfGeneral Financial Markets: Government Policy and RegulationimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: General (includes Measurement and Data)imfTaxation, Subsidies, and Revenue: GeneralimfFinancial services law & regulationimfMonetary economicsimfBankingimfInvestment & securitiesimfPublic finance & taxationimfCurrencyimfForeign exchangeimfFinancial regulation and supervisionimfCurrenciesimfSecuritiesimfLegal support in revenue administrationimfMoneyimfFinancial institutionsimfRevenue administrationimfFinancial services industryimfLaw and legislationimfBanks and bankingimfFinancial instrumentsimfRevenueimfUnited StatesimfSecurities fraudCommercial crimesBanks and BankingInvestments: GeneralMoney and Monetary PolicyPublic FinanceBusiness and FinancialForeign ExchangeGeneral Financial Markets: Government Policy and RegulationMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: General (includes Measurement and Data)Taxation, Subsidies, and Revenue: GeneralFinancial services law & regulationMonetary economicsBankingInvestment & securitiesPublic finance & taxationCurrencyForeign exchangeFinancial regulation and supervisionCurrenciesSecuritiesLegal support in revenue administrationMoneyFinancial institutionsRevenue administrationFinancial services industryLaw and legislationBanks and bankingFinancial instrumentsRevenue332.45Carvajal Ana1680582Monroe Hunter1654499Pattillo Catherine1472701Wynter Brian1680602DcWaIMFBOOK9910828975103321Ponzi Schemes in the Caribbean4049409UNINA