herding was a key factor for the financial turmoil and the soaring yield spreads. In this paper we test for evidence of herd … behavior in European government bond prices and, overall, we find no evidence of investor herding either before or after the EU … crisis period, macroeconomic information announcements induced bond market investor herding; a finding that confirms the …

The recent financial crisis clearly demonstrated that herding behavior incorporates an unhedgeable systemic risk …. We examine the existence of herding behavior of the major European stock market indices employing daily data during a … observation of significant herding patterns is very sensitive not only to the selected indices universe, but also to the time …