Skip to content
RDP 8707: Asymmetric Information and Bid-Ask Spreads in the Eurocurrency Markets
Equation (8)
E
(
t
|
t
≥
k
)
=
σ
E
(
t
/
σ
|
t
/
σ
≥
k
/
σ
)
=
σ
E
(
r
|
r
≥
h
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGfbWaaeWaaeaacaqG0bGaaiiFaiaabshacqGHLjYScaqGRbaacaGLOaGaayzkaaGaeyypa0Jaeq4WdmNaaeyramaabmaabaGaaeiDaiaac+cacqaHdpWCcaGG8bGaaeiDaiaac+cacqaHdpWCcqGHLjYScaqGRbGaai4laiabeo8aZbGaayjkaiaawMcaaaqaaiabg2da9iabeo8aZjaabweadaqadaqaaiaabkhacaGG8bGaaeOCaiabgwMiZkaabIgaaiaawIcacaGLPaaaaaaa@5AC1@