Breuss, Fritz (contributor); Roeger, Werner (contributor); … - European Commission / Directorate-General for Economic … - 2008
This paper uses QUEST III, a multi-region DSGE model, to study the macroeconomic effects of a gradual equalization of official foreign reserves between dollars and euros. A scenario of a shift in the composition of foreign reserves holdings from the present ratio of 65 percent dollars and 25...