between the expected rate of Mexican peso depreciation and the ratio of Mexdollars to peso denominated demand deposits … (ii) the conventional positive relationship between expected peso depreciation and dollarization. The first result …

Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican … stable sub-period in Mexico (May 1988 to November 1994), the "width" of the U.S.-Mexican border falls dramatically and … geographically very close to the U.S.-Mexican border--San Diego, Los Angeles, Houston, Dallas, Tijuana, Mexicali, Juarez, and …