Milkshake Prices, International Reserves, and the Mexican Peso

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...

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Detalles Bibliográficos
Autores principales: Thomas M. Fullerton Jr., David Torres
Formato: Artículo científico
Publicado: El Colegio de la Frontera Norte, A.C. 2005
Materias:
Estudios Territoriales
1. price parity
2. exchange rates
3. Mexico
4. United States
5. border economics
Acceso en línea:http://www.redalyc.org/articulo.oa?id=13603303
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-016&d=13603303oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-13603303oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Estudios Territoriales
1. price parity
2. exchange rates
3. Mexico
4. United States
5. border economics
spellingShingle Estudios Territoriales
1. price parity
2. exchange rates
3. Mexico
4. United States
5. border economics
Thomas M. Fullerton Jr.
David Torres
Milkshake Prices, International Reserves, and the Mexican Peso
topic_facet Estudios Territoriales
1. price parity
2. exchange rates
3. Mexico
4. United States
5. border economics
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.
format Artículo científico
Artículo científico
author Thomas M. Fullerton Jr.
David Torres
author_facet Thomas M. Fullerton Jr.
David Torres
author_sort Thomas M. Fullerton Jr.
title Milkshake Prices, International Reserves, and the Mexican Peso
title_short Milkshake Prices, International Reserves, and the Mexican Peso
title_full Milkshake Prices, International Reserves, and the Mexican Peso
title_fullStr Milkshake Prices, International Reserves, and the Mexican Peso
title_full_unstemmed Milkshake Prices, International Reserves, and the Mexican Peso
title_sort milkshake prices, international reserves, and the mexican peso
publisher El Colegio de la Frontera Norte, A.C.
publishDate 2005
url http://www.redalyc.org/articulo.oa?id=13603303
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-016&d=13603303oai
work_keys_str_mv AT thomasmfullertonjr milkshakepricesinternationalreservesandthemexicanpeso
AT davidtorres milkshakepricesinternationalreservesandthemexicanpeso
bdutipo_str Repositorios
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