RDP 1999-09: Australian Banking Risk: The Stock Market's Assessment and the Relationship Between Capital and Asset Volatility
Equation (3)
E
T
=
{
(
1
−
γ
)
A
T
−
B
T
+
φ
B
T
+
γ
A
T
if
k
T
≥
c
γ
A
T
if
k
T
<
c
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