Milkshake Prices, International Reserves, and the Mexican Peso

dc.creator	Thomas M. Fullerton Jr.
dc.creator	David Torres
dc.date	2005
dc.date.accessioned	2022-03-22T17:41:03Z
dc.date.available	2022-03-22T17:41:03Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=13603303
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/86896
dc.description	Menu prices from 13 international restaurant franchises that operate in both El Paso and Ciudad Juárez are utilized to examine the behavior over time of the peso/dollar exchange rate. Parametric and nonparametric tests indicate that the price ratio alone provides a biased estimator for the exchange rate. In addition to the multiproduct price ratio, the empirical analysis also incorporates interest rate parity and balance of payments variables. The combination of unique microeconomic sample data with national macroeconomic variables illustrates one manner in which border economies provide information regarding the interplay of financial markets between Mexico and the United States.
dc.format	application/pdf
dc.language	en
dc.publisher	El Colegio de la Frontera Norte, A.C.
dc.relation	http://www.redalyc.org/revista.oa?id=136
dc.rights	Frontera Norte
dc.source	Frontera Norte (México) Num.33 Vol.17
dc.subject	Multidisciplinarias (Ciencias Sociales)
dc.subject	1 price parity
dc.subject	2 exchange rates
dc.subject	3 Mexico
dc.subject	4 United States
dc.subject	5 border economics
dc.title	Milkshake Prices, International Reserves, and the Mexican Peso
dc.type	artículo científico