Home » The U.S. - Mexico Remittance Corridor: Lessons on Shifting from Informal to Formal Transfer Systems by Raul Hernandez-Coss
The U.S. - Mexico Remittance Corridor: Lessons on Shifting from Informal to Formal Transfer Systems Raul Hernandez-Coss

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

Raul Hernandez-Coss

Published March 31st 2005
ISBN : 9781280098314
ebook
116 pages
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 About the Book 

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 brokenMoreThe 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.