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Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are … simulations of a herd model to derive new, theory-based predictions for aggregate herding intensity. Using high …
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The global financial crisis has precipitated an increasing appreciation of the need for a systemic perspective towards financial stability. For example: What role do large banks play in systemic risk? How should capital adequacy standards recognize this role? How is stability shaped by...
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