Herd Behavior in Financial Markets : A Review /

Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the followin...

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Bibliografski detalji
Glavni autor: Sharma, Sunil
Daljnji autori: Bikhchandani, Sushil
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2000.
Serija:IMF Working Papers; Working Paper ; No. 2000/048
Online pristup:Full text available on IMF
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245 1 0 |a Herd Behavior in Financial Markets :   |b A Review /  |c Sunil Sharma, Sushil Bikhchandani. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the following questions: What precisely do we mean by herding? What could be the causes of herd behavior? What success have existing studies had in identifying such behavior? And what effect does herding have on financial markets?. 
538 |a Mode of access: Internet 
700 1 |a Bikhchandani, Sushil. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/048 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/048/001.2000.issue-048-en.xml  |z IMF e-Library