Peso Acceptance Patterns in El Paso

Peso Acceptance Patterns in El Paso

Thomas Fullerton (), Molina, Angel L., and Michael J. Pisani

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the acceptance of peso payments, or currency substitution reverse dollarization, by U.S retail firms near the international border with Mexico. Survey data are drawn from a stratified random sample of 586 retailers located in El Paso, Texas, situated across the border from Ciudad Juarez, Chihuahua, Mexico. Approximately 13 percent of the participant firms accept Mexican pesos in exchange for goods and services. Empirical results indicate that factors such as a firm’s percentage of Spanish speaking employees and distance to the nearest international bridge significantly influence the decision to accept or reject Mexican pesos.

Keywords: Currency Substitution; Mexican Peso; Border Economics; Probit Models (search for similar items in EconPapers)
JEL-codes: R11 M21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mon
Date: 2009-04-17, Revised 2009-06-19
View list of references

Published in Pennsylvania Geographer 1.47(2009): pp. 91-102

Downloads: (external link)
http://mpra.ub.uni-muenchen.de/17900/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:17900

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany
Address: Schackstr. 4, D-80539 Munich, Germany
Contact information at EDIRC.
Series data maintained by Ekkehart Schlicht ().