RDP 9506: The Liberalisation and Integration of Domestic Financial Markets in Western Pacific Economies
Equation (11)
l
n
,
t
=
1
p
[
q
+
c
+
α
1
e
n
,
t
+
α
2
m
n
,
t
+
α
3
(
d
n
,
t
+
r
+
z
)
−
p
l
′
(
L
t
)
]
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