This joint IMF-World Bank paper contains the analysis and conclusions of a study on the operational characteristics of the 'informal hawala system' used predominantly in the Middle East and South Asia. This term refers to money transfers that occur in the absence, or are parallel to, formal banking sector. Aspects discussed include: the historical and socio-economic context within which hawala has evolved; fiscal and monetary implications; current regulatory and supervisory responses.
- ISBN13 9781589062269
- Publish Date 30 August 2003
- Publish Status Active
- Out of Print 8 December 2016
- Publish Country US
- Imprint International Monetary Fund (IMF)
- Format Paperback
- Pages 51
- Language English