herding behavior and market risk. Moreover, speculators' orders depend on price trends, market misalignments and fundamental … news. Using a mix of analytical and numerical tools, we show that a herding-induced market entry wave may amplify excess …

Pervasive herding may cause homogenous trading patterns, both within and across stocks and thus may impact upon an … important aspect of the market microstructure – liquidity. Potentially, herding could simultaneously affect the liquidity of … both individual stocks and that of the market. For this reason, herding is investigated as a potential cause of …

The present study aims to investigate the dynamics of primary commodity prices and the role of speculation over time …. In particular the relationship between speculation and price volatility on the one side, and the linkage between … excessive speculation and price volatility on the other side, is carefully examined with the scope to establish whether …