RDP 2009-08: Leverage Constraints and the International Transmission of Shocks
Equation (19)
n
B
t
I
+
(
1
−
n
)
B
t
S
=
0
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOBaiaadk eadaqhaaWcbaGaamiDaaqaaiaadMeaaaGccqGHRaWkdaqadaqaaiaa igdacqGHsislcaWGUbaacaGLOaGaayzkaaGaamOqamaaDaaaleaaca WG0baabaGaam4uaaaakiabg2da9iaaicdacaGGSaaaaa@43F3@