Theoretical and Applied Economics
No. 4 / 2007 (509)
Informal Value Transfer System – Hawala
Irina Caunic
Universitatea „Alexandru Ioan Cuza” Iasi
Abstract. Hawala plays a key role in facilitating remittances, especially those of migrant workers and is an integral part of the international finance system. There was, however little understanding of the concept, mechanism and its impact on the global financial channels. This research effort aims at providing a historical background to its origin, and discusses why it has lasted over the last several hundred years. The paper also presents the operational features that make the system attractive for both legitimate and illegitimate uses and its advantages over formal sector.
Contents
Informal Value Transfer System – Hawala
Implementation of Ecological Policies in Danube Delta Area
The Crisis on the Labor Market in Romania
Improving the Financial Control – A Priority of Corporate Management Nowadays
Using the Statistical Indicators for the General Insurances Activity
Arguments for the Growth Sale-Purchase Actions on the Land Market
Credit Risk Evaluation
The Factors and Transversal Reorganizations Principles of Romanian Textile Industry Enterprises using Activity-Based Costing Method