Stochastic optimal control, international finance, and debt crises
Auteur :
Stein, Jerome L.
Éditeur :
Oxford University Press
ISBN :
9780199280575
Date de publication :
6 avr. 2006
Dimensions :
24,1 x 16,3 x 2,4 cm
Poids :
602 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.