RDP 2004-06: Profitability of Reserve Bank Foreign Exchange Operations: Twenty Years After the Float
Equation (3)
Π
t
n
i
=
Σ
i
−
1
t
e
i
[
(
r
i
∗
−
r
i
)
Σ
j
=
1
i
(
ν
j
−
m
j
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiOda1aa0 baaSqaaiaadshaaeaacaWGUbGaamyAaaaakiabg2da9maaqahabaGa amyzamaaBaaaleaacaWGPbaabeaakmaadmaabaWaaeWaaeaacaWGYb Waa0baaSqaaiaadMgaaeaacqGHxiIkaaGccqGHsislcaWGYbWaaSba aSqaaiaadMgaaeqaaaGccaGLOaGaayzkaaWaaabCaeaadaqadaqaai abe27aUnaaBaaaleaacaWGQbaabeaakiabgkHiTiaad2gadaWgaaWc baGaamOAaaqabaaakiaawIcacaGLPaaaaSqaaiaadQgacqGH9aqpca aIXaaabaGaamyAaaqdcqGHris5aaGccaGLBbGaayzxaaaaleaacaWG PbGaeyOeI0IaaGymaaqaaiaadshaa0GaeyyeIuoaaaa@5A4C@