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

• Main Author: Hernández-Coss, Raúl
• Format: eBook Book
• Language: English
• Published: Washington World Bank Publications 2005; The World Bank; Washington, DC: World Bank
• Edition: 1
• Series: World Bank Working Papers
• Subjects: ACCOUNTING; BANK ACCOUNTS; BANKING INSTITUTIONS; BANKING SYSTEM; BANKS; CENTRAL GOVERNMENTS; CERTIFICATES; CHECKING; CITIES; CLEARANCE; CLEARING HOUSE; COMMERCIAL BANKS; COMMUNITIES; CONFIDENTIALITY; CREDIT INSTITUTIONS; CREDIT UNIONS; CURRENT ACCOUNT; DEPOSITS; DEVELOPMENT; DEVELOPMENT FINANCE; DIRECT INVESTMENT; Emigrant remittances; EMPLOYMENT; EXCHANGE RATES; EXPENDITURES; FAMILIES; FEDERAL DEPOSIT INSURANCE; FEDERAL DEPOSIT INSURANCE CORPORATION; FIELD RESEARCH; FINANCE MINISTERS; FINANCIAL ASSETS; FINANCIAL EDUCATION; FINANCIAL MARKET; FINANCIAL OPTIONS; FINANCIAL PRACTICES; FINANCIAL PRODUCTS; FINANCIAL SECTOR; FINANCIAL SERVICES; FINANCIAL SYSTEM; FOREIGN ASSETS; FOREIGN EXCHANGE; FUNDS TRANSFER; FUNDS TRANSFER SYSTEMS; GLOBAL DEVELOPMENT FINANCE; IMMIGRATION; INCOME; Informal sector (Economics); INFORMATION NEEDS; INSURANCE; INTEGRITY; INTERMEDIARIES; INTERNATIONAL FINANCIAL INSTITUTIONS; JURISDICTION; JURISDICTIONS; LAWS; LEGAL SYSTEMS; LESSONS LEARNED; MARKETING; Mexico; MICROFINANCE; MIGRANTS; MONETARY AUTHORITIES; MONEY LAUNDERING; MONEY ORDERS; OFFSETTING; PARENTS; PARTNERSHIP; POPULATION GROWTH; PRIVATE SECTOR; PUBLIC POLICY; REGULATORY ENVIRONMENT; REGULATORY FRAMEWORK; SAFETY; SAVINGS; SERVICE PROVIDERS; SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION; SUBSIDIARY; SWIFT; TRANSPARENCY; United States; WORKERS; Mexico; Latin America & Caribbean; North America; America; MIGRATION; MICROFINANCE; FORMAL FINANCIAL SERVICES; UNITED STATES; INTERNATIONAL BANK; FOREIGN DIRECT INVESTMENT; REMITTANCES; TECHNICAL SUPPORT; FINANCIAL MARKET; INFORMAL FUND TRANSFER; FORMAL FUND TRANSFER; ANTI-MONEY LAUNDERING/COMBATING OF THE FINANCING OF TERRORISM; REMITTANCE CORRIDOR; MEXICO; REMITTANCE; BANKING; REMITTANCE CORRIDORS; MONEY TRANSFER; MONEY LAUNDERING

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...

Table of Contents:

• 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