Skip to content
RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (16)
0
=
a
^
(
1
−
a
^
)
i
e
w
^
+
(
1
−
a
)
a
i
w
i
≥
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaa qaaiaaicdacqGH9aqpceWGHbGbaKaadaqadaqaaiaaigdacqGHsisl ceWGHbGbaKaaaiaawIcacaGLPaaadaahaaWcbeqaaiaadMgaaaGcca WGLbGabm4DayaajaGaey4kaSYaaeWaaeaacaaIXaGaeyOeI0Iaamyy aaGaayjkaiaawMcaaiaadggadaahaaWcbeqaaiaadMgaaaGccaWG3b aabaGaamyAaiabgwMiZkaaigdaaaaaaa@4B69@