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RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation
E
t
d
[
e
−
δ
t
J
]
/
dt
=
e
−
δ
t
[
−
δ
J
+
E
t
(
dw
)
J
′
+
1
2
var
t
(
dw
)
J
″
]
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