RDP 9203: Real Exchange Rates and the Globalisation of Financial Markets Equation (13)

a ¯ ( t ) = a d ( t ) + R e ( t ) R e ( t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabeyyayaara WaaeWaaeaacaqG0baacaGLOaGaayzkaaGaeyypa0JaaeyyamaaCaaa leqabaGaaeizaaaakmaabmaabaGaaeiDaaGaayjkaiaawMcaaiabgU caRiaabkfadaahaaWcbeqaaiaabwgacqGHxiIkaaGcdaqadaqaaiaa bshaaiaawIcacaGLPaaacqGHsislcaqGsbWaaWbaaSqabeaacaqGLb aaaOWaaeWaaeaacaqG0baacaGLOaGaayzkaaaaaa@4AA0@