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withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …
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withdrew money one month prior to the events. The degree of herding among funds is statistically significant, but moderate …. Herding is more widespread among open-ended funds than among closed-end funds, but not more prevalent during crises than …
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While the 2008-2009 financial crisis originated in the United States, we witnessed steep declines in output, consumption and investment of similar magnitudes around the globe. This raises two questions. First, given the observed strong home bias in goods and financial markets, what can account...
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