Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64549
Authors: 
Pierdzioch, Christian
Rülke, Jan-Christoph
Stadtmann, Georg
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper, European University Viadrina, Department of Business Administration and Economics 324
Abstract: 
Using survey forecasts of a large number of Asian, European, and South American emerging market exchange rates, we studied empirically whether evidence of herding or antiherding behavior of exchange-rate forecasters can be detected in the cross-section of forecasts. Emerging market exchange-rate forecasts are consistent with herding (anti-herding) if forecasts are biased towards (away from) the consensus forecast. Our empirical findings provide strong evidence of anti-herding of emerging market exchange-rate forecasters.
JEL: 
F31
D84
C33
Document Type: 
Working Paper

Files in This Item:
File
Size
361.61 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.