Financial Crises as Herds: Overturning the Critiques
收藏NBER2003-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9658
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资源简介：
Financial crises are widely argued to be due to herd behavior. Yet recently developed models of herd behavior have been subjected to two critiques which seem to make them inapplicable to financial crises. Herds disappear from these models if two of their unappealing assumptions are modified: if
提供机构：
美国国家经济研究局
创建时间：
2003-04-01
