RDP 8908: Capital Flows and Exchange Rate Determination
Equation (6)
Δ
S
t
u
=
α
+
β
1
Δ
i
t
u
+
β
2
Δ
i
t
*
u
+
β
3
Δ
CA
t
u
+
β
4
Δ
CP
t
u
+
ε
t
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