equivalent to the maximum likelihood estimator of the parameters
Ψ = {γV , cV , γM , cM...ΣE ,ΣR ,ΠE ,ΠR}:
Ψ̂ = arg min
Ψ
T∑
t=1
ε′tΣ
−1
t εt
For given γV , cV , γM ,...
It emerged in the wa-
ke of the widely-known Mexican crisis (1994/95) and was
followed...Japan and heavy government sup-
port encouraged big investments in Southeast Asia...
