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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Bibliographic Details
Main Authors: Thomas M. Fullerton Jr., David Torres
Format: Article
Language:English
Published: El Colegio de la Frontera Norte 2005-01-01
Series:Frontera Norte
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Online Access:http://www.redalyc.org/articulo.oa?id=13603303