RDP 8908: Capital Flows and Exchange Rate Determination
Equation (1)
Δ
S
t
=
α
+
β
(
L
)
Δ
S
t
+
γ
(
L
)
Δ
i
t
+
δ
(
L
)
i
t
∗
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaae 4uamaaBaaaleaacaqG0baabeaakiabg2da9iaabg7acqGHRaWkcaqG YoWaaeWaaeaacaqGmbaacaGLOaGaayzkaaGaeuiLdqKaae4uamaaBa aaleaacaqG0baabeaakiabgUcaRiaabo7adaqadaqaaiaabYeaaiaa wIcacaGLPaaacqqHuoarcaqGPbWaaSbaaSqaaiaabshaaeqaaOGaey 4kaSIaaeiTdmaabmaabaGaaeitaaGaayjkaiaawMcaaiaabMgadaWg aaWcbaGaaeiDaaqabaGcdaahaaWcbeqaaiabgEHiQaaakiabgUcaRi aabw7adaWgaaWcbaGaaeiDaaqabaaaaa@565C@