Stochastic optimal control, international finance, and debt crises /

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 eco...

Ausführliche Beschreibung

Gespeichert in:
1. Verfasser:
Stein, Jerome L.
Format:
Elektronisch E-Book
Sprache:
Englisch
Veröffentlicht:
Oxford ; New York : Oxford University Press, 2006.
Zusammenfassung:
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 thereturn on capital and the real rate of interest are stochastic variables. The theoretically derived equilibrium real ex
Umfang:
1 online resource (305 p.)
Anmerkungen:
Description based upon print version of record.
Anmerkungen:
English
Bibliografie:
Includes bibliographical references and index.
ISBN:
0-19-153571-0
1-281-15383-4
1-4356-2328-2
9786611153830
Schlagworte:
Foreign exchange rates > Mathematical models.
Equilibrium (Economics) > Mathematical models.
Debts, Public > Mathematical models.
Endogenous growth (Economics) > Mathematical models.
Stochastic processes > Mathematical models.
Bezugswerke:
Links: