Some Evidence on 'Herding' Behavior of U.S. Banks
AbstractThe authors examine the international lending decisions of U.S. commercial banks of different sizes from 1977 to 1982 for evidence ofthe ex istence of "herding" behavior. Granger-Sims causality tests for the loans gran ted by the top nine, the next fifteen, and the remaining U.S. banks provide no c lear evidence of herding between the top nine and the next fifteen banks. There is, however, evidence that the remaining banks (mostly small ones) herded behind the top twenty-four banks. Overall, the analysis presented here points to a very weak herding behavior. Copyright 1987 by Ohio State University Press.
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Bibliographic InfoArticle provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.
Volume (Year): 19 (1987)
Issue (Month): 1 (February)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879
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- Jan Willem van den End & Mostafa Tabbae, 2009.
"When liquidity risk becomes a macro-prudential issue: Empirical evidence of bank behaviour,"
DNB Working Papers
230, Netherlands Central Bank, Research Department.
- van den End, Jan Willem & Tabbae, Mostafa, 2012. "When liquidity risk becomes a systemic issue: Empirical evidence of bank behaviour," Journal of Financial Stability, Elsevier, vol. 8(2), pages 107-120.
- Diana Bonfim & Moshe Kim, 2012. "Liquidity risk in banking: is there herding?," Working Papers w201218, Banco de Portugal, Economics and Research Department.
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