Bezemer, Dirk J - In: Cambridge Journal of Economics 25 (2001) 1, pp. 1-23
The 1997 collapse of the Albanian economy caused by the collapse of economy-wide Ponzi schemes contrasts sharply to its success status as a post-Socialist transition country in the years 1992-96. In this paper, an attempt is made to explain this "Albanian Paradox". The specific Albanian...