Bulletin – September 2018
Equation (4)
Δ
(
x
C
A
D
)
t
−
w
^
t
=
α
0
+
α
U
S
D
[
Δ
(
U
S
D
C
A
D
)
t
−
w
^
t
]
+
α
E
U
R
[
Δ
(
E
U
R
C
A
D
)
t
−
w
^
t
]
+
α
J
P
Y
[
Δ
(
J
P
Y
C
A
D
)
t
−
w
^
t
]
+
α
G
B
P
[
Δ
(
G
B
P
C
A
D
)
t
−
w
^
t
]
t
+
ν
t
.