IMF Staff Papers

IMF Staff Papers, Volume 47, No. 3

October 10, 2001

Preview Citation

Format: Chicago

IMF Staff Papers, Volume 47, No. 3, (USA: International Monetary Fund, 2001) accessed December 12, 2024

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.

Subject: Demand for money, Domestic credit, Exchange rate arrangements, Exchange rates, Financial institutions, Foreign exchange, Inflation, Money, Prices, Stocks

Keywords: Asia and Pacific, Country estimate, Credit growth, Domestic credit, Exchange rate arrangements, Exchange rates, Global, Indexed debt, Inflation, Inflation rate, Issuance policy, Pegged-rate regime, Price level, Reserve country, SP, Stocks

Publication Details

  • Pages:

    140

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    IMF Staff Papers No. 2001/002

  • Stock No:

    SPIEA0032000

  • ISBN:

    9781451973747

  • ISSN:

    1020-7635