关于金字塔集资的思考以阿尔巴尼亚为案例

作者简介：危素华，武汉大学商学院经济系99级研究生。

通讯地址：武汉大学商学院经济系99级研究生。

责任编辑：张 敏

Pyramid Schemes：The Albanian Experience

Wei Suhua

The origin of pyramid schemes can be traced back to the early 18th century. At the beginning of 1997， Albania was plunged into economic and political turmoil with the collapse of its pyramid scheme mania. The scenario was a result caused by Albania’s ineffective banking system， unregulated informal creditmarket， and the absence of competent legal framework and dubious ties between the government and some private enterprise. Utilizing indicators such as changes in money supplies，we can measure the actual impact of pyramid schemes of Albania on its macroeconomics. In the mean time， it should be noticed thatthe prevention， cleanup and newvariations of pyramid schemes deserve further attention.

Key words：Pyramid Schemes； Albania； Money Supply