The U.S.- Mexico Remittance Corridor - Lessons on Shifting from Informal to Formal Transfer Systems

Klappentext "Examining the experience of the U.S.-Mexico remittances corridor over the last eight years, this title derives specific lessons that could be applicable to other remittance corridors when shifting from informal to formal systems. "Lessons" focuses on a few selected aspects of the remittance experience and breaks down the remittance process into three stages: the First Mile, when decisions are in the hands of the remittance sender;the Intermediary Stage, comprising the systems that facilitate the cross-border transfer of funds, and;the Last Mile, where the funds reach the hands of the remittance recipient. By analyzing the objectives, obstacles, incentives, and changes occurring at each of these stages in the U.S.-Mexico corridor, lessons are drawn for other remittance sending and receiving countries that seek to encourage formalization of the flows." The book explores the developments that have taken place, as the market has shifted, and identifies areas within the corridor that could be further developed to enhance its development potential. The discussion of the remittance process is broken down into operational stages.

Product details

• Authors: Raul Hernandez-Coss
• Publisher: WORLD BANK
• Languages: English
• Product format: Paperback / Softback
• Released: 28.02.2005
• EAN: 9780821360873
• ISBN: 978-0-8213-6087-3
• No. of pages: 99
• Dimensions: 171 mm x 241 mm x 6 mm
• Series: World Bank Working Papers; World Bank Working Papers
• Subject: Social sciences, law, business > Business > Individual industrial sectors, branches