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Herd Behavior in Financial Markets
Mr.Sunil SharmaSushil Bikhchandani
其他書名
A Review
出版International Monetary Fund, 2000-03-01
主題Business & Economics / Investments & Securities / StocksBusiness & Economics / Industries / Financial ServicesBusiness & Economics / Finance / General
ISBN14518467389781451846737
URLhttp://books.google.com.hk/books?id=aa0ezwEACAAJ&hl=&source=gbs_api
註釋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?