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Stochastic optimal control, international finance, and debt crises /

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Focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth and account balances. This book 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 inte...

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Bibliographic Details
Main Author: Stein, Jerome L.
Format: eBook
Language:English
Published: Oxford ; New York : Oxford University Press, 2006.
Subjects:
Foreign exchange rates > Mathematical models.
Equilibrium (Economics) > Mathematical models.
Debts, Public > Mathematical models.
Endogenous growth (Economics) > Mathematical models.
Stochastic processes > Mathematical models.
Taux de change > Modèles mathématiques.
Dettes publiques > Modèles mathématiques.
Processus stochastiques > Modèles mathématiques.
BUSINESS & ECONOMICS > Finance.
Debts, Public > Mathematical models
Endogenous growth (Economics) > Mathematical models
Equilibrium (Economics) > Mathematical models
Foreign exchange rates > Mathematical models
Stochastic processes > Mathematical models
Auslandsschulden
Stochastische Kontrolltheorie
Buitenlandse schulden.
Wisselkoersen.
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Summary:Focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth and account balances. This book 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.
Physical Description:1 online resource (xvii, 286 pages) : illustrations
Bibliography:Includes bibliographical references and index.
ISBN:9781435623286
1435623282
9780191603501
0191603503
0199280576
9780199280575