RDP 9203: Real Exchange Rates and the Globalisation of Financial Markets Equation (16)

z( t )=α+β[ R ( t )R( t )+ ε 1 ( t ) ]+ ε 3 ( t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeOEamaabm aabaGaaeiDaaGaayjkaiaawMcaaiabg2da9iaabg7acaqGRaGaaeOS dmaadmaabaGaaeOuamaaCaaaleqabaGaey4fIOcaaOWaaeWaaeaaca qG0baacaGLOaGaayzkaaGaeyOeI0IaaeOuamaabmaabaGaaeiDaaGa ayjkaiaawMcaaiabgUcaRiaabw7adaWgaaWcbaGaaGymaaqabaGcda qadaqaaiaabshaaiaawIcacaGLPaaaaiaawUfacaGLDbaacqGHRaWk caqG1oWaaSbaaSqaaiaaiodaaeqaaOWaaeWaaeaacaqG0baacaGLOa Gaayzkaaaaaa@5363@