Sunil Sharma

TL;DR: An overview of the recent theoretical and empirical research on herd behavior in financial markets can be found in this article, where the authors look at what precisely is meant by herding, the causes of herd behavior, the success of existing studies in identifying the phenomenon, and the effect that herding has on financial markets.

TL;DR: An overview of the recent theoretical and empirical research on herd behavior in financial markets can be found in this article, where the authors address the following questions: What precisely do we mean by herding? What could be the causes of herd behavior? What success have existing studies had in identifying such behavior? And what effect does herding have on financial markets?

TL;DR: In this article, the role of hedge funds in financial market dynamics, with particular reference to the Asian crisis, is considered, with the focus on hedge funds as collective investment vehicles, often organized as private partnerships and resident offshore for tax and regulatory purposes.

TL;DR: In this article, the authors consider the applicability of the IT framework to developing countries and identify the prerequisites for a successful IT framework, including the ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate), and a quantitative framework linking policy instruments to inflation.

TL;DR: This paper examined the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics, and showed that neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behaviour.