RDP 9203: Real Exchange Rates and the Globalisation of Financial Markets Equation (1)

A( t )=p( t )B( t )+( 1+ r * ( t ) )( 1+Δs( t ) )A( t-1 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyqamaabm aabaGaaeiDaaGaayjkaiaawMcaaiabg2da9iaabchadaqadaqaaiaa bshaaiaawIcacaGLPaaacaqGcbWaaeWaaeaacaqG0baacaGLOaGaay zkaaGaey4kaSYaaeWaaeaacaaIXaGaey4kaSIaaeOCamaaCaaaleqa baGaaiOkaaaakmaabmaabaGaaeiDaaGaayjkaiaawMcaaaGaayjkai aawMcaamaabmaabaGaaGymaiabgUcaRiabfs5aejaabohadaqadaqa aiaabshaaiaawIcacaGLPaaaaiaawIcacaGLPaaacaqGbbWaaeWaae aacaqG0bGaaeylaiaabgdaaiaawIcacaGLPaaaaaa@5604@