RDP 9506: The Liberalisation and Integration of Domestic Financial Markets in Western Pacific Economies Equation (7)

(1 + d_{n, t}) = (1 - r) {(Π_{i = 0}^{n - 1} (1 + m_{1, t + i}))}^{\frac{1}{n}} - z - d^{'} (D) D_{t}