In the past decade, some observers have noted an unusual aspect of the Mexican peso’s behavior: During periods when the …, these factors well explain the peso’s unusual behavior, as Mexico both is very close to the United States and has a lower … U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the …

shrinking the workforce. We study one such barrier, a policy change that excluded almost half a million Mexican bracero seasonal …

-market effects, but empirical tests are scarce. We study a natural experiment that excluded almost half a million Mexican 'bracero …