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 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?
READ MORE...
Volume/Issue: Volume 2000 Issue 048
Publication date: March 2000
ISBN: 9781451846737
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Paperback
PDF
ePub
Mobi
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Finance , Economics- Macroeconomics , Public Finance , WP , research effort , type f investor , mutual fund , large cap , herd behavior , momentum strategies , financial markets , benchmark investor , profit-maximizing investor , non-resident investor , agent investor , adverse selection , investors H , risk-averse investor , type D investor , company stock , Stocks , Mutual funds , Stock markets , Asset prices , Asset valuation

Also of interest
WORKING PAPER KIT FOR 2003
WORKING PAPERS PUBLISHED IN JUNE 2007
WORKING PAPERS PUBLISHED IN MARCH 2003
WORKING PAPERS PUBLISHED IN MARCH 2004
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?

Powered by: AIDC