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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Bibliografiska uppgifter
Huvudupphovsman: Sharma, Sunil
Övriga upphovsmän: Bikhchandani, Sushil
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2000.
Serie:IMF Working Papers; Working Paper ; No. 2000/048
Länkar: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. 
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300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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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 
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