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Persistent link: https://www.econbiz.de/10009405990
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...
Persistent link: https://www.econbiz.de/10014395878
The letter examines herding in the most liquid cryptocurrency markets relative to traditional financial markets of 10 …
Persistent link: https://www.econbiz.de/10013184050
Persistent link: https://www.econbiz.de/10011332847
likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …
Persistent link: https://www.econbiz.de/10012976162
likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …
Persistent link: https://www.econbiz.de/10012551068
tie these features together in a model of banks' herding behavior. Most existing models of herding behavior can explain … the other hand, many models that try to explain excessive risk-taking do not contain any incentive for herding. This paper … develops astate-preference model of simultaneous herding and excessive risktaking. Thus, the model can help in understanding …
Persistent link: https://www.econbiz.de/10010470801
tie these features together in a model of banks' herding behavior. Most existing models of herding behavior can explain … the other hand, many models that try to explain excessive risk-taking do not contain any incentive for herding. This paper … develops astate-preference model of simultaneous herding and excessive risktaking. Thus, the model can help in understanding …
Persistent link: https://www.econbiz.de/10012990905
withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …
Persistent link: https://www.econbiz.de/10011400340
We look into determinants (volatility, crises, sentiment and the U.S. ‘fear’ index) of herding using BRICS as our … sample. Investors herd selectively to crises and herding is a short-lived phenomenon. Herding was highest during the global … financial crisis (only China was affected). There was no herding during the European debt crisis and COVID. With regard to the …
Persistent link: https://www.econbiz.de/10013164975