Part I Overview
1 Optimal debt and equilibrium exchange rates in a stochastic environment: an overview
Part II Theoretical framework
2 Stochastic optimal control model of short-term debt1
Mathematical appendix
3 Stochastic intertemporal optimization: Long-term debt continuous time
Appendix A. Alternate measure of capital and production function
Appendix B. Derivation of optimal consumption, capital, debt, and endogenous growth in continuous time over an infinite horizon
4 The NATREX model of the equilibrium real exchange rate
Appendix A. Mathematical analysis of effects of fundamentals upon the medium-run and long-run equilibrium real exchange rate and debt/GDP ratio
Appendix B. Growth equation replaces capital, global stability condition
Appendix C. Lagged adjustments generate cyclical movements around the equilibrium
Part III Evaluating exchange rates
5 The equilibrium real value of the euro: An evaluation of research1
6 The transition economies: A NATREX evaluation of research1
Part IV External debt and exchange rate crises
7 Country default risk in emerging markets1
Appendix A
Appendix B
Appendix C
8 Asian crises: Theory, evidence, warning Signals1
9 United States current account deficits: A stochastic optimal control analysis1
Appendix A. Basic data
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