Fullerton, Thomas M., Jr. and Molina, Angel L., Jr. and Pisani, Michael J. (2009): Peso Acceptance Patterns in El Paso. Published in: Pennsylvania Geographer , Vol. 47, No. 1 (30. September 2009): pp. 91-102.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Peso Acceptance Patterns in El Paso|
|English Title:||Peso Acceptance Patterns in El Paso|
|Keywords:||Currency Substitution; Mexican Peso; Border Economics; Probit Models|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
M - Business Administration and Business Economics; Marketing; Accounting > M2 - Business Economics > M21 - Business Economics
|Depositing User:||Thomas Fullerton|
|Date Deposited:||22. Oct 2009 10:15|
|Last Modified:||12. Feb 2013 12:45|
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