Financial crises as herds: overturning the critiques

DOI10.1016/S0022-0531(03)00225-4MaRDI QIDQ1763201zbMATH OpenFDO

Authors V. V. Chari, Patrick J. Kehoe

Publication date 22 February 2005

Published in Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

Capital flowsFinancial collapseInformation cascades

Mathematics Subject Classification ID

Recommendations

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Cites work

• Finite bubbles with short sale constraints and asymmetric information
• Information Revelation and Strategic Delay in a Model of Investment
• Learning from others: A welfare analysis
• Market Crashes and Informational Avalanches
• On the convergence of informational cascades
• Pathological Outcomes of Observational Learning
• Self-Fulfilling Debt Crises

Cited in

(20)

• Biased social learning
• Learning about analysts
• On the role of responsiveness in rational herds
• Financial crises and interacting heterogeneous agents
• Information aggregation in financial markets with career concerns
• Herding and bank runs
• Relative risk aversion and the transmission of financial crises
• Path-dependent behavior and information leakage in financial markets
• Informational cascades with endogenous prices: the role of risk aversion
• Introduction to the special issue on models of debt and debt crises
• Strategic investment evaluation
• Taking the road less traveled by: Does conversation eradicate pernicious cascades?
• Error cascades in observational learning: an experiment on the Chinos game
• The time cost of information in financial markets
• LEARNING DYNAMICS AND ENDOGENOUS CURRENCY CRISES
• Information revelation through bunching
• Investment dynamics with common and private values
• Herding with costly information
• Measuring herd behavior: properties and pitfalls
• Ambiguity and informativeness of (non-)trading

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