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4713632

9780199280575

Stochastic Optimal Control, International Finance, and Debt Crises

Stochastic Optimal Control, International Finance, and Debt Crises
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Product details

  • ISBN-13: 9780199280575
  • ISBN: 0199280576
  • Publication Date: 2006
  • Publisher: Oxford University Press, Incorporated

AUTHOR

Stein, Jerome L.

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.Stein, Jerome L. is the author of 'Stochastic Optimal Control, International Finance, and Debt Crises', published 2006 under ISBN 9780199280575 and ISBN 0199280576.

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