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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Main Author:	Hernández-Coss, Raúl
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
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 FINANCE DEVELOPMENT DIRECT INVESTMENT 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 INFORMATION NEEDS INSURANCE INTEGRITY INTERMEDIARIES INTERNATIONAL FINANCIAL INSTITUTIONS JURISDICTION JURISDICTIONS LAWS LEGAL SYSTEMS LESSONS LEARNED MARKETING 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 WORKERS
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

id	okr-10986-7322
recordtype	oai_dc
spelling	okr-10986-73222021-04-23T14:02:27Z The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems Hernández-Coss, Raúl 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 FINANCE DEVELOPMENT DIRECT INVESTMENT 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 INFORMATION NEEDS INSURANCE INTEGRITY INTERMEDIARIES INTERNATIONAL FINANCIAL INSTITUTIONS JURISDICTION JURISDICTIONS LAWS LEGAL SYSTEMS LESSONS LEARNED MARKETING 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 WORKERS 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. 2012-06-06T19:44:53Z 2012-06-06T19:44:53Z 2005 http://documents.worldbank.org/curated/en/2005/01/5629013/mexico-remittance-corridor-lessons-shifting-informal-formal-transfer-systems 978-0-8213-6087-3 http://hdl.handle.net/10986/7322 English en_US World Bank Working Paper No. 47 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean America North America Mexico
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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 FINANCE DEVELOPMENT DIRECT INVESTMENT 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 INFORMATION NEEDS INSURANCE INTEGRITY INTERMEDIARIES INTERNATIONAL FINANCIAL INSTITUTIONS JURISDICTION JURISDICTIONS LAWS LEGAL SYSTEMS LESSONS LEARNED MARKETING 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 WORKERS
spellingShingle	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 FINANCE DEVELOPMENT DIRECT INVESTMENT 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 INFORMATION NEEDS INSURANCE INTEGRITY INTERMEDIARIES INTERNATIONAL FINANCIAL INSTITUTIONS JURISDICTION JURISDICTIONS LAWS LEGAL SYSTEMS LESSONS LEARNED MARKETING 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 WORKERS Hernández-Coss, Raúl The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
geographic_facet	Latin America & Caribbean America North America Mexico
relation	World Bank Working Paper No. 47
description	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.
format	Publications & Research :: Publication
author	Hernández-Coss, Raúl
author_facet	Hernández-Coss, Raúl
author_sort	Hernández-Coss, Raúl
title	The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
title_short	The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
title_full	The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
title_fullStr	The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
title_full_unstemmed	The U.S.–Mexico Remittance Corridor : Lessons on Shifting from Informal to Formal Transfer Systems
title_sort	u.s.–mexico remittance corridor : lessons on shifting from informal to formal transfer systems
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/01/5629013/mexico-remittance-corridor-lessons-shifting-informal-formal-transfer-systems http://hdl.handle.net/10986/7322
_version_	1764399379279511552

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

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