Benhima, Kenza (contributor); Havrylchyk, Olena (contributor) - 2006
∗
CREST and University of Paris X , benhima@ensae.fr
∗∗
CEPII , olena.havrylchyk@cepii.fr
Current Account Reversals and Long … model:
1'
1'
1
1
)'()1Pr(
−
−
−
+
=Λ==
xit
xit
itit
e
e
xreversal
α
α
α (4)
with
1−it
x denoting the vector of …