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## Stochastic Optimal Control, International Finance, and Debt Crises

*Jerome L. Stein*

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- book

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.001.0001
- Subject:
- Economics and Finance, Financial Economics

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 ... More

## Optimal debt and equilibrium exchange rates in a stochastic environment: an overview

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0001
- Subject:
- Economics and Finance, Financial Economics

This overview chapter explains the relevance and the contributions of this book to economic theory and policy. The economic theory and mathematics developed in chapters 2 and 3 derive benchmarks for ... More

## Stochastic intertemporal optimization: Long-term debt continuous time

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0003
- Subject:
- Economics and Finance, Financial Economics

This chapter answers the following technical questions: In a stochastic environment, where the return on capital and the interest rate are stochastic, what is an optimal (1) long-term debt, (2) ... More

## Stochastic optimal control model of short-term debt 1

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0002
- Subject:
- Economics and Finance, Financial Economics

Data on the credit rating of bonds issued in the first half of the 1990s suggest that investors in emerging market securities paid little attention to credit risk, or that they were comfortable with ... More

## Country default risk in emerging markets 1

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0007
- Subject:
- Economics and Finance, Financial Economics

Early Warning Signals of a default or debt crisis are derived by drawing upon the stochastic optimal control model of an optimal and excessive short-term debt developed in chapter 2. Operational ... More

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