Think of this concept as a financial version of Maslow’s Hierarchy of Needs, which depicts people’s basic needs as a five-level pyramid with physical needs on the bottom and self-actualization ...

During 1996-97, Albania was convulsed by the dramatic rise and collapse of several huge financial pyramid schemes. This article discusses the crisis and the steps other countries can take to prevent ...

TASS/. Countries managing global currencies are at the top of a ‘financial pyramid’ and this is not in line with interests of the majority, Russian President Vladimir Putin said at the plenary ...

Abstract: What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way ...