Herd Behavior in Financial Markets : a Review /

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Bibliographic Details
Author / Creator:	Sharma, Sunil.
Imprint:	Washington, D.C. : International Monetary Fund, 2000.
Description:	1 online resource (32 pages)
Language:	English
Series:	IMF Working Papers ; Working Paper No. 00/48 IMF Working Papers ; Working Paper no. 00/48.
Subject:	Capital market. Contagion (Social psychology) Collective behavior -- Economic aspects. Investments -- Decision making. Capital market. Contagion (Social psychology) Investments -- Decision making.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12501035

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund.
ISBN:	9781451893885 1451893884 1462327834 9781462327836 1452784582 9781452784588 1281266027 9781281266026 9786613778246 6613778249 9781451846737 1451846738
Notes:	Available in PDF, ePUB, and Mobi formats on the Internet. English.
Summary:	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?
Other form:	1-4518-4673-8
Standard no.:	10.5089/9781451893885.001

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