We describe the evolution of the charge state of a fast atomic projectile u
nder the equilibrium conditions as a stationary continuous-time Markov proc
ess with discrete values. The time scale of the charge-state autocorrelatio
n function is governed by the rate of charge-changing collisions in the tar
get. Describing the collective electron excitations in the target by a line
ar-response formalism, we show that the finite response time of the electro
n gas makes the mean stopping power and the mean self-energy of the project
ile sensitive to the charge-state correlation effects. We evaluate these ef
fects for light projectiles by using a two-level model for the Markov proce
ss and simple models for the dielectric function of the electron gas. [S016
3-1829(99)04146-6].