TITLE: STOCHASTIC OPTIMAL CONTROL AND THE U.S. FINANCIAL
DEBT CRISIS
PUBLISHER: SPRINGER LANGUAGE: ENGLISH
LINK: http://is.gd/zE5hYj RELEASE TYPE: RETAIL
FORMAT: PDF RELEASE DATE: 2014.04.10
ISBN: 9781461430797 STORE DATE: 2012
SAVED.MONEY: 75 EURO DISKCOUNT: 01 x 05MB
AUTHOR: STEIN, JEROME L

BOOK

Stochastic Optimal Control (SOC)-a mathematical theory concerned
with minimizing a cost (or maximizing a payout) pertaining to a
controlled dynamic process under uncertainty-has proven
incredibly helpful to understanding and predicting debt crises
and evaluating proposed financial regulation and risk
management. Stochastic Optimal Control and the U.S. Financial
Debt Crisis analyzes SOC in relation to the 2008 U.S. financial
crisis, and offers a detailed framework depicting why such a
methodology is best suited for reducing financial risk and
addressing key regulatory issues. Topics discussed include the
inadequacies of the current approaches underlying financial
regulations, the use of SOC to explain debt crises and
superiority over existing approaches to regulation, and the
domestic and international applications of SOC to financial
crises. Principles in this book will appeal to economists
mathematicians, and researchers interested in the U.S. financial
debt crisis and optimal risk management

Jerome L. Stein has been an emeritus professor of economics at
Brown University since 1993, and has served as a visiting
professor of applied mathematics since 1997. He is the author of
nine research monographs, and has published over 100 journal
articles in such leading publications as American Economic
Review, Review of Economics and Statistics, Journal of Banking
and Finance, and Contemporary Mathematics. He has served on the
editorial boards of the Journal of Finance, American Economic
Review, Journal of International and Comparative Economics, and
the Journal of Banking and Finance