RDP 9506: The Liberalisation and Integration of Domestic Financial Markets in Western Pacific Economies
Equation (A3.3)
γ
+
(
1
−
γ
)
Σ
j
=
2
n
β
1
(
1
−
β
1
)
j
−
2
where
γ
=
(
β
1
β
2
)
(
β
2
+
θ
0
(
1
−
β
1
)
+
θ
1
)
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