Qorchi, Mohammed El; Maimbo, Samuel Munzele; Wilson, John F. - International Monetary Fund (IMF) - 2003
Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the informal hawala system, an IFT system found predominantly in the Middle East and South Asia. The paper examines the historical and...
