Series: IMF Working Papers
Author(s): Sunil Sharma , and Sushil Bikhchandani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2000
Keywords: herd behavior, momentum strategies, financial markets, investors, mutual funds, foreign investors, investment strategies
Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical a...