1.

Record Nr.

UNINA9910968889203321

Autore

Hernandez-Coss Raul <1968->

Titolo

Lessons from the U.S.-Mexico remittances corridor on shifting from informal to formal transfer systems / / Raul Hernandez-Coss

Pubbl/distr/stampa

Washington, DC, : World Bank, 2005

ISBN

1-280-09831-7

9786610098316

1-4175-7794-0

Edizione

[1st ed.]

Descrizione fisica

x, 99 pages : illustrations, color maps ; ; 26 cm

Collana

World Bank working paper ; ; no. 47

Disciplina

332.1/78

Soggetti

Emigrant remittances - Mexico

Emigrant remittances - United States

Informal sector (Economics) - Mexico

Informal sector (Economics) - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Intro -- Contents -- Foreword -- Acknowledgments -- Acronyms and Abbreviations -- Introduction -- 1. At the First Mile -- 2. At the Intermediary Stage -- 3. At the Last Mile -- 4. Lessons from the U.S.-Mexico Remittance Corridor -- 5. Policy Recommendations -- ANNEXES -- I Operational Features of the Remittance Industry -- II Market Overview -- III U.S. Regulatory Overview -- IV Mexico Regulatory Overview -- V Incentive Analysis -- VI Discovering the Road between the First and the Last Mile -- Bibliography -- Map of Formal Remittances Flows in the U.S.-Mexico Corridor.

Sommario/riassunto

The book explores the developments that have taken place, as this 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 the three operational stages of remittances transactions: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising the systems that facilitate the 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, this book presents lessons for other remittance corridors seeking to achieve a comprehensive shift from informal to formal systems.