Bénassy-Quéré, Agnès; Forouheshfar, Yeganeh - 2013
the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the …We study the implication of a multipolarization of the international monetary system on cross-currency volatility. More … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …