Stochastic Optimal Control, International Finance, and Debt Crises

0 avg rating
( 0 ratings by Goodreads )
 
9780199280575: Stochastic Optimal Control, International Finance, and Debt Crises

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.

"synopsis" may belong to another edition of this title.

About the Author:

Jerome L. Stein is Emeritus Professor of Economics, Eastman Professor of Political Economy (Emeritus), and is Visiting Professor in the Division of Applied Mathematics at Brown University. He received his Ph. D. from Yale University (1955) and Docteur Honoris Causa from the Universite de la Mediterranee, Aix-Marseille II (1997). He has been an Associate Editor of the American Economic Review, Journal of Banking and Finance and of the Journal of Finance. He is a member of the Editorial Board of the Australian Economic Papers and the Journal of Banking and Finance. He has been awarded Fellowships by the Guggenheim Foundation, Social Science Research Council and Ford Foundation.

Review:

This book makes an important contribution to the analysis of international financial problems. * Serge Rey, University of PAU and Pays de l'Adour, CATT - ECONOMIA, 2006 *

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Jerome L. Stein
Published by Oxford University Press (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Oxford University Press, 2006. Hardcover. Book Condition: New. book. Bookseller Inventory # M0199280576

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 28.99
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

2.

Stein, Jerome L.
Published by Oxford University Press (2017)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 2
Print on Demand
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Oxford University Press, 2017. Hardcover. Book Condition: New. Never used! This item is printed on demand. Bookseller Inventory # P110199280576

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 46.80
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

3.

Jerome L. Stein
Published by Oxford University Press, USA (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Oxford University Press, USA, 2006. Hardcover. Book Condition: New. Bookseller Inventory # DADAX0199280576

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 78.25
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

4.

Stein, Jerome L.
Published by OUP Oxford (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Quantity Available: > 20
Print on Demand
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description OUP Oxford, 2006. HRD. Book Condition: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Bookseller Inventory # IP-9780199280575

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 89.75
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

Stein, Jerome L.
Published by Oxford University Press, Oxford (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 1
Seller:
MARCIAL PONS LIBRERO
(MADRID, Spain)
Rating
[?]

Book Description Oxford University Press, Oxford, 2006. Tapa dura. Book Condition: New. Bookseller Inventory # 100767017

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 81.67
Convert Currency

Add to Basket

Shipping: US$ 16.48
From Spain to U.S.A.
Destination, Rates & Speeds

6.

Stein, Jerome L.
Published by OUP Oxford (2016)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description OUP Oxford, 2016. Paperback. Book Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Bookseller Inventory # ria9780199280575_lsuk

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 96.59
Convert Currency

Add to Basket

Shipping: US$ 5.11
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Stein, Jerome L.
Published by OUP Oxford (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Quantity Available: > 20
Print on Demand
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description OUP Oxford, 2006. HRD. Book Condition: New. New Book. Delivered from our US warehouse in 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND.Established seller since 2000. Bookseller Inventory # IP-9780199280575

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 93.98
Convert Currency

Add to Basket

Shipping: US$ 11.87
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Jerome L. Stein
Published by Oxford University Press, United Kingdom (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 10
Print on Demand
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Oxford University Press, United Kingdom, 2006. Hardback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****. This 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 the return on capital and the real rate of interest are stochastic variables. The theoretically derived equilibrium real exchange rate - the natural real exchange rate NATREX - is where the real exchange rate is heading. These benchmarks are applied to answer the following questions. * What is a theoretically based empirical measure of a misaligned exchange rate that increases the probability of a significant depreciation or a currency crisis? * What is a theoretically based empirical measure of an excess debt that increases the probability of or a debt crisis? * What is the interaction between an excess debt and a misaligned exchange rate? The theory is applied to evaluate the Euro exchange rate, the exchange rates of the transition economies, the sustainability of U.S. current account deficits, and derives warning signals of the Asian crises and debt crises in emerging markets. Bookseller Inventory # APC9780199280575

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 117.07
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

Jerome L. Stein
Published by Oxford University Press, United Kingdom (2006)
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: 10
Print on Demand
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Oxford University Press, United Kingdom, 2006. Hardback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****.This 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 the return on capital and the real rate of interest are stochastic variables. The theoretically derived equilibrium real exchange rate - the natural real exchange rate NATREX - is where the real exchange rate is heading. These benchmarks are applied to answer the following questions. * What is a theoretically based empirical measure of a misaligned exchange rate that increases the probability of a significant depreciation or a currency crisis? * What is a theoretically based empirical measure of an excess debt that increases the probability of or a debt crisis? * What is the interaction between an excess debt and a misaligned exchange rate? The theory is applied to evaluate the Euro exchange rate, the exchange rates of the transition economies, the sustainability of U.S. current account deficits, and derives warning signals of the Asian crises and debt crises in emerging markets. Bookseller Inventory # APC9780199280575

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 118.39
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Jerome L. Stein
Published by Oxford University Press
ISBN 10: 0199280576 ISBN 13: 9780199280575
New Hardcover Quantity Available: > 20
Seller:
BuySomeBooks
(Las Vegas, NV, U.S.A.)
Rating
[?]

Book Description Oxford University Press. Hardcover. Book Condition: New. Hardcover. 304 pages. Dimensions: 9.3in. x 6.3in. x 0.9in.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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Bookseller Inventory # 9780199280575

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 137.34
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds