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Cipriani, Marco - 2008

, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty … makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous … by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theor …

Persistent link: https://www.econbiz.de/10012677606

Donor Herding and Domestic Debt Crisis.

Chirwa, Ephraim Wadonda - 2006

Persistent link: https://www.econbiz.de/10012691195

Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals

Cipriani, Marco - 2008

Persistent link: https://www.econbiz.de/10014409034

ASEAN-5: Further Harnessing the Benefits of Regional Integration amid Fragmentation Risks

Baek, Nuri - 2023

The ASEAN-5 region, which comprises Indonesia, Malaysia, the Philippines, Singapore, and Thailand, has benefited substantially from its integration to the world economy, particularly through trade. Rising risks of geoeconomic fragmentation could reverse some gains reaped from globalization over...

Persistent link: https://www.econbiz.de/10015059081

The Challenge of Enforcement in Securities Markets

Carvajal, Ana - 2009

Weaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went...

Persistent link: https://www.econbiz.de/10012677824

Analysis of the Yield on Foreign Exchange Bearer Certificates : Rationality and Financial Behavior in Pakistan

Abdel-Motaal, Karim Kamal - 1994

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014409370

Government bonds and their investors : what are the facts and do they matter?

Andritzky, Jochen R. - 2012

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....

Persistent link: https://www.econbiz.de/10009618531

Portfolio Inertia and Expected Excess Returns in Currency Markets : Evidence from Advanced Economies

Bakker, Bas - 2025

The economic literature has long attributed non-zero expected excess returns in currency markets to time-varying risk premiums demanded by risk-averse investors. This paper, building on Bacchetta and van Wincoop's (2021) portfolio balance framework, shows that such returns can also arise when...

Persistent link: https://www.econbiz.de/10015328145

The Capital Markets of Emerging Europe : Institutions, Instruments and Investors

Ong, Li - 2008

Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...

Persistent link: https://www.econbiz.de/10014409027

Too much finance?

Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...

Persistent link: https://www.econbiz.de/10009618521