Recent developments in international finance: a guide to research

Article Abstract:

The models related to international finance, such as the Mundell-Fleming-Branson (MFP) paradigm, were evaluated through consideration of changes taking place in financial markets. The evaluation revealed that the natural real exchange rate (NATREX) model acts as a supplement to the Monetary model. It illustrates the development of real exchange rate with regards to its measurable and exogenous basic elements. The monetary model with purchasing power parity was found to be ineffective in illustrating the nominal value movement of real exchange rate.

Administration of General Economic Programs, Foreign Exchange & Reserves Policy, Foreign exchange, International finance

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Methodological issues in asset pricing: random walk or chaotic dynamics

Article Abstract:

A novel intertemporal model on price determination was developed to evaluate the essential role played by information usage on price volatility. The archetype framework, which utilizes an equation similar to that of the GARCH method, works by assessing the specifications of financial and agricultural markets. Results suggest that as the amount of subset information increases, the lesser generic term randomness becomes.

Pricing Policy, Asset Accounting, Analysis, Prices and rates, Bayesian statistical decision theory, Bayesian analysis, Pricing, Assets (Accounting)

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Stochastic Optimal Control, International Finance and Debt

Article Abstract:

Stochastic optimal control-dynamic programming (DP) is used to derive the optimal debt/net worth, consumption/net-worth, current account/net-worth and endogenous growth rate in an economy. The results are generalizations of Merton model, and are explained graphically within a mean-variance context.

United States, Science & research, Research, Mathematical models, Net worth

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