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010   $a9786611153830
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035   $a(EBL)729000
035   $a(OCoLC)735627076
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100   $a20051130d2006      uy         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aStochastic optimal control, international finance, and debt crises /$fJerome L. Stein
210   $aOxford ;$aNew York $cOxford University Press$d2006
215   $a1 online resource (305 p.)
300   $aDescription based upon print version of record.
311   $a0-19-928057-6 
311   $a0-19-160350-3 
320   $aIncludes bibliographical references and index.
327   $aOptimal debt and equilibrium exchange rates in a stochastic environment : an overview -- Stochastic optimal control model of short-term debt -- Stochastic intertemporal optimization : long-term debt continuous time -- The NATREX model and the equilibrium real exchange rate -- The equilibrium real value of the euro : an evaluation of research -- The transition economies : a NATREX evaluation of research -- Country default risk in emerging markets -- Asian crises : theory, evidence, warning signals -- United States current account deficits : a stochastic optimal control analysis.
330   $aThis 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
606   $aForeign exchange rates$xMathematical models
606   $aEquilibrium (Economics)$xMathematical models
606   $aDebts, Public$xMathematical models
606   $aEndogenous growth (Economics)$xMathematical models
606   $aStochastic processes$xMathematical models
615  0$aForeign exchange rates$xMathematical models.
615  0$aEquilibrium (Economics)$xMathematical models.
615  0$aDebts, Public$xMathematical models.
615  0$aEndogenous growth (Economics)$xMathematical models.
615  0$aStochastic processes$xMathematical models.
676   $a332/.0420151922
686   $a83.44$2bcl
700   $aStein$b Jerome L$0115476
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910219619403321
996   $aStochastic optimal control, international finance, and debt crises$92265168
997   $aUNINA