Skip to content
RDP 8908: Capital Flows and Exchange Rate Determination
Equation (2)
Δ
S
t
=
α
+
β
(
L
)
Δ
S
t
+
γ
(
L
)
Δ
(
i
t
−
i
t
*
)
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4uamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7aHjabgUcaRiab ek7aInaabmaabaGaamitaaGaayjkaiaawMcaaiabfs5aejaadofada WgaaWcbaGaamiDaaqabaGccqGHRaWkcqaHZoWzdaqadaqaaiaadYea aiaawIcacaGLPaaacqqHuoardaqadaqaaiaadMgadaWgaaWcbaGaam iDaaqabaGccqGHsislcaWGPbWaa0baaSqaaiaadshaaeaacaGGQaaa aaGccaGLOaGaayzkaaGaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaae qaaaaa@55A8@