The Premium, Breakeven, And Discount Exchange Rates Of The Mexican Peso In The El Paso Retail Sector
Date of Award
2010-01-01
Degree Name
Master of Science
Department
Economics
Advisor(s)
Thomas M. Fullerton
Abstract
This paper studies the exchange rates at which Mexican pesos are accepted by different retail sectors in El Paso, Texas. A random sample of 1,155 firms was surveyed to examine two aspects of reverse dollarization in the El Paso/Juarez border region. The first is to determine the percentage of retail businesses in El Paso that accept foreign currency in the form of Mexican pesos. The second is to calculate the effective exchange rate at which firms accept Mexican pesos. Out of 1,155 retail firms surveyed, 586 responses were obtained. The results of this investigation suggest that less than 14 percent (77/586) of retail firms in this market accept pesos. On average, Mexican pesos comprise 4.35 percent of total sales for those firms. Empirical analysis of the survey responses are completed using logit and ordinary least squares estimators.
Language
en
Provenance
Received from ProQuest
Copyright Date
2010
File Size
44 pages
File Format
application/pdf
Rights Holder
Raul Anton Munoz
Recommended Citation
Munoz, Raul Anton, "The Premium, Breakeven, And Discount Exchange Rates Of The Mexican Peso In The El Paso Retail Sector" (2010). Open Access Theses & Dissertations. 2742.
https://scholarworks.utep.edu/open_etd/2742