SPRINGER STOCHASTIC OPTIMAL CONTROL AND THE U S FINANCIAL DEBT CRISIS 2012 RETAIL EBOOK-kE

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