Stochastic optimal control, international finance, and debt crises

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 inte...

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Bibliographic Details
Main Author: Stein, Jerome L.
Format: eBook
Language:English
Published: Oxford Oxford University Press 2006, 2006
Subjects:
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Collection: Oxford University Press - Collection details see MPG.ReNa
Description
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
Physical Description:xvii, 286 p. ill
ISBN:9780191603501