Using data on border enforcement and macroeconomic indicators from the United States and Mexico, we estimate a two …

Mexico. Currency crises in these countries resemble the predicted "escape routes" of the model. A key feature of these escape …

adverse effect on foreign direct investment. The paper focuses on the case of Mexico, where we observe a plausibly sharp and … cross-sectional variation in TPU across states in Mexico. We exploit this variation to identify the effect of increased …