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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Автор: Sharma, Sunil
Інші автори: Bikhchandani, Sushil
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2000.
Серія:IMF Working Papers; Working Paper ; No. 2000/048
Онлайн доступ:Full text available on IMF