RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (28)
σ
e
d
z
e
=
−
(
π
2
/
π
0
)
σ
2
d
z
2
−
(
π
^
2
/
π
^
0
)
σ
^
2
d
z
^
2
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