|
|
|
|
| LEADER |
00000nam a22000004i 4500 |
| 001 |
b8059146 |
| 003 |
CoU |
| 005 |
20211214162012.0 |
| 006 |
m o d |
| 007 |
cr ||||||||||| |
| 008 |
020129s2010 dcu o i00 0 eng d |
| 020 |
|
|
|z 9781455211692
|
| 022 |
|
|
|a 1018-5941
|
| 024 |
7 |
|
|a 10.5089/9781455211692.001
|
| 035 |
|
|
|a (IMF)imfwpiea2010288
|
| 035 |
|
|
|a (IMF)WPIEA2010288
|
| 040 |
|
|
|a DcWaIMF
|b eng
|e rda
|
| 100 |
1 |
|
|a Guarino, Antonio.
|
| 245 |
1 |
0 |
|a Estimating a Structural Model of Herd Behavior in Financial Markets /
|c Antonio Guarino, Marco Cipriani.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
|
| 300 |
|
|
|a 1 online resource (33 pages)
|
| 336 |
|
|
|a text
|b txt
|2 rdacontent.
|
| 337 |
|
|
|a computer
|b c
|2 rdamedia.
|
| 338 |
|
|
|a online resource
|b cr
|2 rdacarrier.
|
| 490 |
1 |
|
|a IMF Working Papers.
|
| 520 |
3 |
|
|a We develop a new methodology to estimate the importance of herd behavior in financial markets: we build a structural model of informational herding that can be estimated with financial transaction data. In the model, rational herding arises because of information-event uncertainty. We estimate the model using data on a NYSE stock (Ashland Incorporated) during 1995. Herding often arises and is particularly pervasive on some days. The proportion of herd buyers (sellers) is 2 percent (4 percent) and is greater than 10 percent in 7 percent (11 percent) of information-event days. Herding causes important informational inefficiencies, amounting, on average, to 4 percent of the expected asset value.
|
| 588 |
|
|
|a Description based on print version record.
|
| 700 |
1 |
|
|a Cipriani, Marco.
|
| 776 |
0 |
8 |
|i Print Version:
|a Guarino, Antonio
|t Estimating a Structural Model of Herd Behavior in Financial Markets
|d Washington, D.C. : International Monetary Fund, 2021.
|z 9781455211692.
|
| 830 |
|
0 |
|a IMF working paper ;
|v WP/2010/288.
|
| 856 |
4 |
0 |
|u http://elibrary.imf.org/view/journals/001/2010/288/001.2010.issue-288-en.xml
|z Full Text (via IMF e-Library)
|
| 907 |
|
|
|a .b80591462
|b 05-02-23
|c 07-24-15
|
| 998 |
|
|
|a web
|b - -
|c f
|d b
|e -
|f eng
|g dcu
|h 0
|i 0
|
| 956 |
|
|
|a IMF E-Library
|
| 956 |
|
|
|a IMF E-Library
|
| 999 |
f |
f |
|i 5014401c-c26c-5ed3-962a-208a9980a34c
|s 217e6a38-0be1-5a7d-b9f5-4e96aec32255
|
| 952 |
f |
f |
|p Can circulate
|a University of Colorado Boulder
|b Online
|c Online
|d Online
|i web
|n 1
|
