RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float
Equation (19)
W
(
k
)
=
(
R
β
^
−
r
)
′
(
θ
^
1
T
1
+
θ
^
2
T
2
)
−
1
(
R
β
^
−
r
)
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