[Mobile book] Stochastic Optimal Control, International Finance, and Debt Crises






#4620011 in eBooks 2006-06-01 2006-05-12File Name: B000TODRMU

1 of 4 people found the following review helpful. A heart breaking book...By Yun-chiang TaiStochastic optimal control is an important tool for the dynamic finance and economics.Mr. Stein uses it for the international economics and finance. He tries so hard to knowthe exchange rate better...through SOC (Stochastic Op.....)...A heart breaking book....for those serious guys...to know.....those isuues...well.....1 of 2 people found the following review helpful. A Fundamentally Novel Approach to IntThis 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 the AuthorJerome L. Stein is Emeritus Professor of Economics, Eastman Professor of Political Economy (Emeritus), and is ViThis 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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