The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
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...
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| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/5629013/mexico-remittance-corridor-lessons-shifting-informal-formal-transfer-systems http://hdl.handle.net/10986/7322 |
| Summary: | 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. |
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