Ponzi schemes and the financial sector : DMG and DRFE in Colombia

By the time the Colombian government closed DMG and DRFE, two Ponzi schemes that were operating in Colombia until 2008, over half a million customers had deposited funds corresponding to 1.2% of Colombia's annual GDP. We show that the individuals who invested in DMG and DRFE obtained close to 4...

Descripción completa

Detalles Bibliográficos
Autores Principales: Hofstetter Gascón, Marc, Mejía Londoño, Daniel, Rosas García, José Nicolás, Urrutia Montoya, Miguel
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2018
Materias:
Acceso en línea:http://hdl.handle.net/1992/8723