RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float Equation (13)

| z 1 z 2 |=| x 1 0 0 x 2 || β 1 β 2 |+| ε 1 ε 2 | MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaqWaaeaafa qabeGabaaabaacbaGaa8NEamaaBaaaleaacaaIXaaabeaaaOqaaiaa =PhadaWgaaWcbaGaaGOmaaqabaaaaaGccaGLhWUaayjcSdGaeyypa0 ZaaqWaaeaafaqabeGacaaabaGaa8hEamaaBaaaleaacaaIXaaabeaa aOqaaiaaicdaaeaacaaIWaaabaGaa8hEamaaBaaaleaacaaIYaaabe aaaaaakiaawEa7caGLiWoadaabdaqaauaabeqaceaaaeaacqaHYoGy daWgaaWcbaGaaGymaaqabaaakeaacqaHYoGydaWgaaWcbaGaaGOmaa qabaaaaaGccaGLhWUaayjcSdGaey4kaSYaaqWaaeaafaqabeGabaaa baGaeqyTdu2aaSbaaSqaaiaaigdaaeqaaaGcbaGaeqyTdu2aaSbaaS qaaiaaikdaaeqaaaaaaOGaay5bSlaawIa7aaaa@581E@