RDP 9301: The Response of Australian Stock, Foreign Exchange and Bond Markets to Foreign Asset Returns and Volatilities Equation (2)

Δ e A / U S , t = β F , t [ Δ e U S / C a n , t Δ e U S / D M , t Δ e U S / U K , t Δ e U S / Y e n , t ] + δ t Δ e A / U S , t 1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam yzamaaBaaaleaacaWGbbGaai4laiaadwfacaWGtbGaaiilaiaadsha aeqaaOGaeyypa0JafqOSdiMbauaadaWgaaWcbaGaamOraiaacYcaca WG0baabeaakmaadmaabaqbaeqabeabaaaabaGaeuiLdqKaamyzamaa BaaaleaacaWGvbGaam4uaerbtLhBMfwzUbacfaGaa83laiaadoeaca WGHbGaamOBaiaacYcacaWG0baabeaaaOqaaiabfs5aejaadwgadaWg aaWcbaGaamyvaiaadofacaWFVaGaamiraiaad2eacaGGSaGaamiDaa qabaaakeaacqqHuoarcaWGLbWaaSbaaSqaaiaadwfacaWGtbGaa83l aiaadwfacaWGlbGaaiilaiaadshaaeqaaaGcbaGaeuiLdqKaamyzam aaBaaaleaacaWGvbGaam4uaiaa=9cacaWGzbGaamyzaiaad6gacaGG SaGaamiDaaqabaaaaaGccaGLBbGaayzxaaGaey4kaSIafqiTdqMbau aadaWgaaWcbaGaamiDaaqabaGccqqHuoarcaWGLbWaaSbaaSqaaiaa dgeacaWFVaGaamyvaiaadofacaGGSaGaamiDaiabgkHiTiaaigdaae qaaOGaey4kaSIafqyTduMbauaadaWgaaWcbaGaamiDaaqabaaaaa@7B05@