IMF Staff Papers, Volume 47, No. 3
Download or Read eBook IMF Staff Papers, Volume 47, No. 3 PDF written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2001-10-10 with total page 140 pages. Available in PDF, EPUB and Kindle.
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 140 |
| Release | : 2001-10-10 |
| ISBN-10 | : 9781451973747 |
| ISBN-13 | : 1451973748 |
| Rating | : 4/5 (47 Downloads) |
Book Synopsis IMF Staff Papers, Volume 47, No. 3 by : International Monetary Fund. Research Dept.
Book excerpt: 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.
