Showing 1 - 10 of 299
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395946
Persistent link: https://www.econbiz.de/10000807788
Persistent link: https://www.econbiz.de/10000700190
Persistent link: https://www.econbiz.de/10000091884
Persistent link: https://www.econbiz.de/10000074349
Persistent link: https://www.econbiz.de/10003641668
Persistent link: https://www.econbiz.de/10001997505
This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...
Persistent link: https://www.econbiz.de/10003807893
Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...
Persistent link: https://www.econbiz.de/10003884842
Persistent link: https://www.econbiz.de/10003461162