LEADER 05971oam 22015374 450 001 9910788336603321 005 20230721045617.0 010 $a1-4623-7292-9 010 $a1-4527-7025-5 010 $a1-282-84315-X 010 $a1-4518-7242-9 010 $a9786612843150 035 $a(CKB)3170000000055248 035 $a(EBL)1608258 035 $a(SSID)ssj0000943014 035 $a(PQKBManifestationID)11505579 035 $a(PQKBTitleCode)TC0000943014 035 $a(PQKBWorkID)10974785 035 $a(PQKB)11029704 035 $a(OCoLC)649710326 035 $a(Au-PeEL)EBL4954951 035 $a(CaONFJC)MIL284315 035 $a(OCoLC)732599805 035 $a(IMF)WPIEE2009095 035 $a(MiAaPQ)EBC1608258 035 $a(EXLCZ)993170000000055248 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPonzi Schemes in the Caribbean /$fAna Carvajal, Hunter Monroe, Catherine Pattillo, Brian Wynter 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (46 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1677-9 320 $aIncludes bibliographical references. 327 $aContents; 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; References 330 3 $aIn several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared with traditional Ponzi schemes and pyramid schemes. This paper describes the growth of such schemes, their subsequent collapse, and the policy response of regulators, and presents key policy lessons. The analysis and recommendations draw on country experiences in the Caribbean, and in such diverse countries as the United States, Colombia, Lesotho, and Albania. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/095 606 $aSecurities fraud$zCaribbean Area 606 $aCommercial crimes$zCaribbean Area 606 $aBanks and Banking$2imf 606 $aInvestments: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aBusiness and Financial$2imf 606 $aForeign Exchange$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aFinancial services law & regulation$2imf 606 $aMonetary economics$2imf 606 $aBanking$2imf 606 $aInvestment & securities$2imf 606 $aPublic finance & taxation$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinancial regulation and supervision$2imf 606 $aCurrencies$2imf 606 $aSecurities$2imf 606 $aLegal support in revenue administration$2imf 606 $aMoney$2imf 606 $aFinancial institutions$2imf 606 $aRevenue administration$2imf 606 $aFinancial services industry$2imf 606 $aLaw and legislation$2imf 606 $aBanks and banking$2imf 606 $aFinancial instruments$2imf 606 $aRevenue$2imf 607 $aUnited States$2imf 615 0$aSecurities fraud 615 0$aCommercial crimes 615 7$aBanks and Banking 615 7$aInvestments: General 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aBusiness and Financial 615 7$aForeign Exchange 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aFinancial services law & regulation 615 7$aMonetary economics 615 7$aBanking 615 7$aInvestment & securities 615 7$aPublic finance & taxation 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinancial regulation and supervision 615 7$aCurrencies 615 7$aSecurities 615 7$aLegal support in revenue administration 615 7$aMoney 615 7$aFinancial institutions 615 7$aRevenue administration 615 7$aFinancial services industry 615 7$aLaw and legislation 615 7$aBanks and banking 615 7$aFinancial instruments 615 7$aRevenue 676 $a332.45 700 $aCarvajal$b Ana$01472699 701 $aMonroe$b Hunter$01472700 701 $aPattillo$b Catherine$01472701 701 $aWynter$b Brian$01472702 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788336603321 996 $aPonzi Schemes in the Caribbean$93685571 997 $aUNINA