عنوان

The Growth and Formalization of Somalia's Hawala Economy

Number

TLpq1694861338

.Language of Text, Soundtrack etc

انگلیسی

Title Proper

The Growth and Formalization of Somalia's Hawala Economy

General Material Designation

[Thesis]

First Statement of Responsibility

Emily Rebecca Milstein

Subsequent Statement of Responsibility

G. E. Lydon

Name of Publisher, Distributor, etc.

University of California, Los Angeles

Date of Publication, Distribution, etc.

2015

Specific Material Designation and Extent of Item

57

Dissertation or thesis details and type of degree

M.A.

Body granting the degree

University of California, Los Angeles

Text preceding or following the note

2015

Text of Note

This thesis explores the roles hawalas have played in Somalia since the early 1990s and provides a theoretical framework for understanding the contractual forms and underlying mechanisms of the hawala. Instability and a lack of financial infrastructure in Somalia, coupled with the mass migration of millions of Somalis abroad, have fueled increasing demand for money transfers. Hawala companies emerged to meet this growing need, which led to the formalization and transformation of hawalas themselves. In addition, hawalas are a financial mechanism used not only for business transactions, but also to remit and safely transport money over long distances. This, combined with the hawala's potential for economic development in Somalia, makes them particularly useful in the modern Somali context.

African Studies

Financial infrastructure

Hawala economy

Social sciences

Somalia

Emily Rebecca Milstein

G. E. Lydon

Electronic name

p

[Thesis]

276903

a

Y