Similar Search Results

Country default risk : an empirical assessment

Stein, Jerome L.; Paladino, Giovanna - 2001

the question of how one should measure vulnerability to shocks, when there is uncertainty concerning the productivity of …

Persistent link: https://www.econbiz.de/10011398652

Country Default Risk: An Empirical Assessment

Stein, Jerome L.; Paladino, Giovanna - CESifo - 2001

the question of how one should measure "vulnerability" to shocks, when there is uncertainty concerning the productivity of …

Persistent link: https://www.econbiz.de/10005094363

A Stochastic Optimal Control Approach to International Finance and Foreign Debt

Fleming, Wendell; Stein, Jerome L. - 1999

international finance and debt based upon two sources of uncertainty: the productivity of capital and the real int e rest rate. We …

Persistent link: https://www.econbiz.de/10010314937

Stochastic Optimal Control, International Finance and Debt

Fleming, Wendell; Stein, Jerome L. - 2002

We use stochastic optimal control-dynamic programming (DP) to derive the optimal foreign debt/net worth, consumption/net worth, current account/net worth, and endogenous growth rate in an open economy. Unlike the literature that uses an Intertemporal Budget Constraint (IBC) or the Maximum...

Persistent link: https://www.econbiz.de/10010315325

Stochastic optimal control, international finance and debt

Fleming, Wendell Helms; Stein, Jerome L. - 2002

Persistent link: https://www.econbiz.de/10011410314

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

Stein, Jerome L. - 2004

The focus is upon equilibrium real exchange rates, optimal external debt and their interaction, in a world where both the return on investment and the real rate of interest are stochastic variables. These theoretically based measures are applied empirically to answer the following questions:...

Persistent link: https://www.econbiz.de/10010261108