Jerome L. Stein Libri

The book delves into Stochastic Optimal Control (SOC), a mathematical framework aimed at optimizing costs or maximizing returns in dynamic processes influenced by uncertainty. It highlights SOC's significant applications in analyzing debt crises and assessing financial regulations and risk management strategies, providing valuable insights into navigating complex financial landscapes.

This work approaches the subject of capital flows, exchange rates and trade regimes of the German Mark and the European Union from the theoretical, policy-oriented and econometric points of view.