RDP 9203: Real Exchange Rates and the Globalisation of Financial Markets
Equation (6)
η
(
a
d
(
t
)
+
R
e
∗
(
t
)
−
R
e
(
t
)
+
q
∘
e
(
t
)
−
a
(
t
)
)
=
γ
[
q
(
t
)
−
z
(
t
)
]
ψa
(
t
)
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