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RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float
Equation (3)
E
[
ε
t
+
n
|
ϕ
t
]
=
E
[
S
t
+
n
−
F
t
,
n
|
ϕ
t
]
=
0
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbaGaa8xrai aa=TfaiiaacqGF1oqzdaWgaaWcbaGaa8hDaiaa=TcacaWFUbaabeaa kiab+Xha8jab+v9aMnaaBaaaleaacaWF0baabeaakiaac2facqGH9a qpcaWFfbGaa83waiaa=nfadaWgaaWcbaGaa8hDaiaa=TcacaWFUbaa beaakiab+jHiTiaa=zeadaWgaaWcbaGaa8hDaiaa=XcacaWFUbaabe aakiaacYhacqGFvpGzdaWgaaWcbaGaa8hDaaqabaGccaGGDbGaeyyp a0JaaGimaaaa@529F@