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 exchan...

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Autores principales:	Thomas M. Fullerton Jr., David Torres
Formato:	article
Lenguaje:	EN ES
Publicado:	El Colegio de la Frontera Norte 2005
Materias:	1 price parity 2 exchange rates 3 mexico 4 united states 5 border economics Urban groups. The city. Urban sociology HT101-395 Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/cfb257fddbdf488d9d137e4b1db0ccd9
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spelling	oai:doaj.org-article:cfb257fddbdf488d9d137e4b1db0ccd92021-11-11T14:54:55ZMilkshake Prices, International Reserves, and the Mexican Peso0187-73722594-0260https://doaj.org/article/cfb257fddbdf488d9d137e4b1db0ccd92005-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=13603303https://doaj.org/toc/0187-7372https://doaj.org/toc/2594-0260Menu 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.Thomas M. Fullerton Jr.David TorresEl Colegio de la Frontera Nortearticle1price parity2exchange rates3mexico4united states5border economicsUrban groups. The city. Urban sociologyHT101-395Social sciences (General)H1-99ENESFrontera Norte, Vol 17, Iss 33, Pp 53-76 (2005)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	1 price parity 2 exchange rates 3 mexico 4 united states 5 border economics Urban groups. The city. Urban sociology HT101-395 Social sciences (General) H1-99
spellingShingle	1 price parity 2 exchange rates 3 mexico 4 united states 5 border economics Urban groups. The city. Urban sociology HT101-395 Social sciences (General) H1-99 Thomas M. Fullerton Jr. David Torres Milkshake Prices, International Reserves, and the Mexican Peso
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	article
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
publishDate	2005
url	https://doaj.org/article/cfb257fddbdf488d9d137e4b1db0ccd9
work_keys_str_mv	AT thomasmfullertonjr milkshakepricesinternationalreservesandthemexicanpeso AT davidtorres milkshakepricesinternationalreservesandthemexicanpeso
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Milkshake Prices, International Reserves, and the Mexican Peso

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