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Stochastic Optimal Control, International Finance, and Debt Crises
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ISBN: 0199280576
Author: Stein, Jerome L.
Condition: New
This book is concerned with a world where the return on capital, interest rates and exchange rates are not known with certainty. On the basis of state of the art research in applied mathematics and economics, the author derives benchmarks that are used to answer many important questions. This research develops analytical tools that can explain and evaluate trends in real exchange rates, and provide theoretically based warning signals of currency and debt crises.
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Stochastic Optimal Control, International Finance, and Debt Crises