RDP 9506: The Liberalisation and Integration of Domestic Financial Markets in Western Pacific Economies Equation (13)

l n,t ≥ 1 p [ q+c+ α 1 e n,t − α 2 +( α 2 +( 1−r ) α 3 ) ( Π i=0 n−1 ( 1+ m 1,t+i ) ) 1 n − α 3 ( 1−r ) ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiBamaaBa aaleaacaWGUbGaaiilaiaadshaaeqaaOWaaSbaaSqaaiabgwMiZcqa baGcdaWcaaqaaiaadgdaaeaacaWGWbaaamaadmaabaGaamyCaiabgU caRiaadogacqGHRaWkcqaHXoqydaWgaaWcbaGaamymaaqabaGccaWG LbWaaSbaaSqaaiaad6gacaGGSaGaamiDaaqabaGccqGHsislcqaHXo qydaWgaaWcbaGaamOmaaqabaGccqGHRaWkdaqadaqaaiabeg7aHnaa BaaaleaacaWGYaaabeaakiabgUcaRmaabmaabaGaamymaiabgkHiTi aadkhaaiaawIcacaGLPaaacqaHXoqydaWgaaWcbaGaaG4maaqabaaa kiaawIcacaGLPaaadaqadaqaamaarahabaWaaeWaaeaacaWGXaGaey 4kaSIaamyBamaaBaaaleaacaWGXaGaaiilaiaadshacqGHRaWkcaWG PbaabeaaaOGaayjkaiaawMcaaaWcbaGaamyAaiabg2da9iaadcdaae aacaWGUbGaeyOeI0IaamymaaqdcqGHpis1aaGccaGLOaGaayzkaaWa aWbaaSqabeaadaWcaaqaaiaadgdaaeaacaWGUbaaaaaakiabgkHiTi abeg7aHnaaBaaaleaacaaIZaaabeaakmaabmaabaGaamymaiabgkHi TiaadkhaaiaawIcacaGLPaaaaiaawUfacaGLDbaaaaa@745F@