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Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals
Cipriani, Marco - 2008
, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty … makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous … by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theory suggests …
Persistent link: https://www.econbiz.de/10014409034
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Herd Behavior in Financial Markets
Cipriani, Marco - 2008
, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty … makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous … by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theor …
Persistent link: https://www.econbiz.de/10012677606
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Donor Herding and Domestic Debt Crisis.
Chirwa, Ephraim W - 2006
Persistent link: https://www.econbiz.de/10012691195
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Common Volatility Trends in the Central and Eastern European Currencies and the Euro.
Pramor, Marcus - 2006
Persistent link: https://www.econbiz.de/10012691001
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Government bonds and their investors : what are the facts and do they matter?
Andritzky, Jochen R. - 2012
This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....
Persistent link: https://www.econbiz.de/10009618531
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The trade impact of China on EMU : is it even across members?
Mikkelsen, Uffe; Pérez Ruiz, Esther - 2012
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10009622526
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Tackling Private Over-Indebtedness in Asia : Economic and Legal Aspects
Garrido, Jose - 2020
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10014408871
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Government Size and Output Volatility : Should We Forsake Automatic Stabilization?
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....
Persistent link: https://www.econbiz.de/10014409031
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Convergence in Emerging Europe : Sustainability and Vulnerabilities
Vamvakidis, Athanasios - 2008
The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper...
Persistent link: https://www.econbiz.de/10014409042
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Zero Corporate Income Tax in Moldova : Tax Competition and Its Implications for Eastern Europe
Piatkowski, Marcin - 2008
Global economic integration intensified tax competition and raised concerns about the resulting "race to the bottom", which could undermine public investment and social spending. The aim of this paper is to test predictions that (i) there is interdependence in CIT rate setting in Eastern Europe...
Persistent link: https://www.econbiz.de/10014409057