Confidence Erosion and Herding Behavior in Bond Markets: An Essay on Central Bank Communication Strategy
نویسندگان
چکیده
منابع مشابه
Behavioral Perspectives on Central Bank Communication for Financial Stability
Analyzing central bank communication during financial crises, we draw on a surprisingly informative parallel between management of natural disasters such as earthquakes on one hand, and the corresponding communication infrastructure and social interaction during financial turmoil, on the other. The role of social and emotional behavior thereof points to the importance of interpersonal comm...
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