Informal Funds Transfer Systems : An Analysis of the Informal Hawala System

By Mohammed El Qorchi, S. Maimbo, John F. Wilson. 2003

238 citations recorded by the source corpus.

Citations in the corpus

Migrants’ Remittances and Financial Development: Macro‐ and Micro‐Level Evidence of a Perverse Relationship (2013, unknown): “…the international financial system on an informal, unrecorded basis has also come to be considered a key area of policy concern by national and international financial authorities (El Qorchi et al., 2003; Maimbo, 2003, 2004; Maimbo and Passas, 2004; BIS and World Bank, 2007; Gupta et al., 2009).”
The Evolution of Management Models: A Neo-Schumpeterian Theory (2018, unknown): “Other networks, such as hawala, the Muslim world’s money transfer system (El Qorchi, Maimbo, and Wilson, 2003), span larger geographies without advanced technology but rely on strong ethnic/religious ties.”
Remittances: Transaction Costs, Determinants, and Informal Flows (2005, unknown): “As opposed to using estimated coefficients, previous studies of global informal remittance flows have relied on ad hoc calibration models (El Qorchi, Maimbo, and Wilson, 2003), where the key parameter determining informal flows is the black market premium.”
Immigrant remittances and the venture investment environment of developing countries (2011, unknown): “Remittance transactions in Muslim communities of North Africa and the Middle East are still guided by informal debt-transfer practices based on hawala principles in classical Islamic law (Qorchi et al., 2003).”