We look into determinants (volatility, crises, sentiment and the U.S. 'fear' index) of herding using BRICS as our sample. Investors herd selectively to crises and herding is a short-lived phenomenon. Herding was highest during the global financial crisis (only China was affected). There was no...

We look into determinants (volatility, crises, sentiment and the U.S. ‘fear’ index) of herding using BRICS as our sample. Investors herd selectively to crises and herding is a short-lived phenomenon. Herding was highest during the global financial crisis (only China was affected). There was...

Conventional literature generally believes that the signing of FTA will increase the trade between member countries, but it will damage the trade with non-member countries and reduce the overall level of global welfare. With the quasi-natural experiment of the signing of the China-Australia FTA...

Trust, as an important social capital and informal institution, has profoundly affected transaction behaviors in Chinese second-hand housing market. Based on the second-hand housing transactions of 17 cities from Lianjia database, this paper matches the birthplaces of traders with CESS2000 to...