Stochastic optimal control, international finance, and debt crises /
Stein, Jerome L.
Stochastic optimal control, international finance, and debt crises / - Oxford ; New York : Oxford University Press, 2006. - xvii, 286 p. :
Includes bibliographical references and index.
This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth and current account balances, in a world of uncertainty. The theoretical parts result from interdisciplinary research between economics and applied mathematics. From the economic theory and the mathematics of stochastic optimal control the author derives benchmarks for the optimal debt and equilibrium real exchange rate in an environment where both the return on capital and the real rate of interest are stochastic variables.
0199280576 (alk. paper) 9780199280575
Foreign exchange rates
Equilibrium (Economics)
Debts, Public
Endogenous growth (Economics)
Stochastic processes
HG3823 / .S74 2006
332.042'01'51922 / STE
Stochastic optimal control, international finance, and debt crises / - Oxford ; New York : Oxford University Press, 2006. - xvii, 286 p. :
Includes bibliographical references and index.
This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth and current account balances, in a world of uncertainty. The theoretical parts result from interdisciplinary research between economics and applied mathematics. From the economic theory and the mathematics of stochastic optimal control the author derives benchmarks for the optimal debt and equilibrium real exchange rate in an environment where both the return on capital and the real rate of interest are stochastic variables.
0199280576 (alk. paper) 9780199280575
Foreign exchange rates
Equilibrium (Economics)
Debts, Public
Endogenous growth (Economics)
Stochastic processes
HG3823 / .S74 2006
332.042'01'51922 / STE