Научный семинар

20 сентября в 16.40 прошел научный семинар МИЭФ и ЛФЭ
Докладчик: Карстен Бурхоп (Кельнский университет)

В четверг, 20 сентября в 16.40 в ауд. 3209 (ул. Шаболовка, 26) прошел совместный семинар МИЭФ и ЛФЭ по финансам. 
Докладчик:Карстен Бурхоп (Кельнский университет)
Тема доклада:«Stock market investors' herding behaviour during the German hyerinflation, 1919-1923»

Тезисы доклада: Herding on stock markets has been subject to research for many years since it deepens insights into the interaction of investors and, in particular, into the extend to which they follow each other thereby ignoring fundamentals. We raise the question of whether herding behavior is more likely to arise during periods of economic and political crises. Based on a sample of 19 individual stocks, we analyze the case of Germany during the early 1920s, a time period which was characterized by an unprecedented hyper ination as well as other events which led to severe uncertainty. Wend evidence in favor of intensied herding in times of extreme economic and political uncertainty.

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