Ponzis [electronic resource] : the science and mystique of a class of financial frauds / Kaushik Basu.

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 structure of Ponzi schemes and goes on to argue that...

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Main Author: Basu, Kaushik
Corporate Author: World Bank. Office of the Vice President, Development Economics. Office of the Chief Economist
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : World Bank, 2014.
Series:Policy research working papers ; 6967.
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Call Number: HG3881.5.W57 P63 No. 6967eb
HG3881.5.W57 P63 No. 6967eb Available