currency crisis. Different categories of investors have significant differences as well as similarities. First, non …-resident institutional investors are always positive feedback traders, whereas resident investors before the crisis were negative feedback … (contrarian) traders but switch to be positive feedback traders during the crisis. Second, individual investors herd significantly …

crisis. In sum, the offshore funds are not especially worrisome monsters. …

behavior before and during a currency crisis. First, non-resident institutional investors are always positive feedback traders …, whereas resident investors were negative feedback (contrarian) traders before the crisis but switch to be positive feedback … traders during the crisis. Second, individual investors herd significantly more than institutional investors. Non …

disparity only after the Asian financial crisis. These results suggest that the nature of corporate governance in international …

current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings …

Using accounting data for 7722 non-financial firms in 42 countries, we examine how the 2007-2009 crisis affected firm … benchmarks and firm-specific sensitivities estimated prior to the crisis. We find that the crisis had a bigger negative impact on …