01600cas a2200253 a 4500 AALejournalIMF001168 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846737 1018-5941 BD-DhAAL BD-DhAAL Sharma, Sunil. Herd Behavior in Financial Markets : A Review / Sunil Sharma, Sushil Bikhchandani. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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?. Mode of access: Internet Bikhchandani, Sushil. IMF Working Papers; Working Paper ; No. 2000/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/048/001.2000.issue-048-en.xml IMF e-Library