IMF Staff Papers, Volume 47, No. 3

Author/Editor:

International Monetary Fund. Research Dept.

Publication Date:

October 10, 2001

Summary:

This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It looks at what precisely is meant by herding, the causes of herd behavior, the success of existing studies in identifying the phenomenon, and the effect that herding has on financial markets. The paper also surveys a selected number of studies that evaluated the demand for money using the error-correction model approach in the 1990s across a range of industrial and developing countries.

Series:

IMF Staff Papers, Volume 47, No. 3

English

Publication Date:

October 10, 2001

ISBN/ISSN:

9781451973747/1020-7635

Stock No:

SPIEA0032000

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

140

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