We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Microenterprise Peso Acceptance in El Paso, Texas.
- Authors
Pisani, Michael J.; Fullerton, Thomas M.
- Abstract
Utilizing a unique sample of 253 microenterprise border retailers from El Paso, Texas, this paper explores the possibility of cash payment from cross-border shoppers using Mexican pesos. We find that one-fifth of microenterprise retailers in El Paso accept payment in Mexican pesos. Increased peso acceptance rates are associated with retailer proximity to Mexico and business segment in which the retailers compete. El Paso microenterprises are also more likely than their medium- to large-business counterparts to allow payments to be made using Mexican pesos. The opportunity cost of currency substitution is examined for accepting and yet-to-accept firms.
- Subjects
EL Paso (Tex.); TEXAS; SMALL business; CURRENCY substitution; RETAIL industry; PESO (Mexican currency); ECONOMIC history
- Publication
Ensayos - Revista de Economía, 2013, Vol 32, Issue 2, p75
- ISSN
1870-221X
- Publication type
Article
- DOI
10.29105/ensayos32.2-4