Peso acceptance patterns in el paso

Thomas M. Fullerton, Angel L. Molina, Michael J. Pisani

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


This paper examines the acceptance of peso payments, or currency substitution reverse dollarization, by U.S. retail firms near the international border with Mexico. Survey data are drawn from a stratified random sample of 586 retailers located in El Paso, Texas,situated across the border from Ciudad Juarez, Chihuahua, Mexico. Approximately 13 percent of the participant firms accept Mexican pesos in exchange for goods and services. Empirical results indicate that factors such as a firm's percentage of Spanish speaking employees and distance to the nearest international bridge significantly influence the decision to accept or reject Mexican pesos.

Original languageEnglish
Pages (from-to)91-102
Number of pages12
JournalPennsylvania Geographer
Issue number1
StatePublished - 2009


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