{"product_id":"stochastic-optimal-control-and-the-u-s-financial-debt-crisis-hardcover","title":"Stochastic Optimal Control and the U.S. Financial Debt Crisis - Hardcover","description":"\u003cp\u003eby \u003cb\u003eJerome L. Stein\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eStochastic 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. \u003ci\u003eStochastic Optimal Control and the U.S. Financial Debt Crisis\u003c\/i\u003e 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.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eStochastic 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. \u003ci\u003eStochastic Optimal Control and the U.S. Financial Debt Crisis\u003c\/i\u003e 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.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJerome L. Stein\u003c\/b\u003e 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 \u003ci\u003eAmerican Economic Review\u003c\/i\u003e, \u003ci\u003eReview of Economics and Statistics\u003c\/i\u003e, \u003ci\u003eJournal of Banking and Finance, and Contemporary Mathematics\u003cb\u003e.\u003c\/b\u003e\u003c\/i\u003e\u003cb\u003e \u003c\/b\u003eHe has served on the editorial boards of the \u003ci\u003eJournal of Finance\u003c\/i\u003e, \u003ci\u003eAmerican Economic Review\u003c\/i\u003e, \u003ci\u003eJournal of International and Comparative Economics\u003c\/i\u003e, and the \u003ci\u003eJournal of Banking and Finance.\u003c\/i\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJerome L. Stein\u003c\/b\u003e 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 \u003ci\u003eAmerican Economic Review\u003c\/i\u003e, \u003ci\u003eReview of Economics and Statistics\u003c\/i\u003e, \u003ci\u003eJournal of Banking and Finance, \u003c\/i\u003e and \u003ci\u003eContemporary Mathematics.\u003c\/i\u003e He has served on the editorial boards of the \u003ci\u003eJournal of Finance\u003c\/i\u003e, \u003ci\u003eAmerican Economic Review\u003c\/i\u003e, \u003ci\u003eJournal of International and Comparative Economics\u003c\/i\u003e, and the \u003ci\u003eJournal of Banking and Finance\u003c\/i\u003e.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 160\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.44 x 9.21 x 6.14 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 30, 2012\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":53378501837098,"sku":"9781461430780","price":106.77,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1016\/7910\/4298\/files\/46XPWhObbd9781461430780.webp?v=1793293025","url":"https:\/\/corporatelinguaacademy.com\/products\/stochastic-optimal-control-and-the-u-s-financial-debt-crisis-hardcover","provider":"Corporate Lingua Academy","version":"1.0","type":"link"}