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Управљање Кризним Ситуацијама – Случај Финансијске Пирамиде Ммм
[Crisis Management – The Case of the MMM Financial Pyramid]

Author

Listed:
  • Bukvić, Rajko

Abstract

The paper considers MMM, one of the world’s most famous financial pyramids, that worked during the last decade of the 20th century. The author shows that financial pyramids were not the result of the transition process. They have been a regular fenomenon in the most developed economies (The Netherlands, France, England etc.) during the earlier periods. The short history of the pyramid MMM is given, and then in the key part of the article the functioning of the Crisis Management Group that help MMM to survive the crisis period in the middle of the year 1994. At this manner, MMM became perhaps the only pyramid in history that continues to work successfully after the financial collapse. У раду се разматра МММ, једна од најпознатијих финансијских пирамида настала у земљама које су током деведесетих година ХХ века пролазиле кроз процес транзиције. У уводном делу показује се да финансијске пирамиде нису никакав изум овог периода, да су настале много раније и да су често погађале управо развијене тржишне привреде (Холандија, Француска, Енглеска и др.). Потом је дат краћи осврт на историјат пирамиде МММ, настале почетком деведесетих година претходног века. У кључном делу рада приказане су акције специјално унајмљене Crisis Management Group (CMG) којима је МММ-у помогнуто да превазиђе кризни период из средине 1994. и да на тај начин постане вероватно јединствена пирамида на свету којој је пошло за руком да настави успешно с радом и после финансијског слома.

Suggested Citation

  • Bukvić, Rajko, 2007. "Управљање Кризним Ситуацијама – Случај Финансијске Пирамиде Ммм [Crisis Management – The Case of the MMM Financial Pyramid]," MPRA Paper 70370, University Library of Munich, Germany, revised 2007.
  • Handle: RePEc:pra:mprapa:70370
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    References listed on IDEAS

    as
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    2. Garber, Peter M, 1990. "Famous First Bubbles," Journal of Economic Perspectives, American Economic Association, vol. 4(2), pages 35-54, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    crisis; financial pyramids; tulipmania; management; МММ Ltd; brothers Mavrodi; Union of shareholder MMM; Crisis Management Group Криза; финансијске пирамиде; тулипманија; управљање; АД МММ; браћа Мавроди; Савез акционара МММ; Crisis Management Group;
    All these keywords.

    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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