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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Autore principale: Sharma, Sunil
Altri autori: Bikhchandani, Sushil
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2000.
Serie:IMF Working Papers; Working Paper ; No. 2000/048
Accesso online:Full text available on IMF