Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the in

The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittan

Annotation The study examines the hawala system 's operational characteristics, vulnerability to financial abuse and regulatory implications.

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set