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Applied Economics Letters Volume 14, 2007 - Issue 4
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Original Articles

Donor herding and domestic debt crisis

Yohane Khamfula Department of Economics, University of Stellenbosch, South AfricaCorrespondence[email protected]
,
Montfort Mlachila Western Hemisphere Department IMF Headquarters, Washington, DC, USA
&
Ephraim Chirwa Department of Economics, Chancellor College, University of Malawi, Malawi
Pages 299-302 | Published online: 18 Feb 2011

References

  • Banerjee , A . 1992 . A simple model of herd behaviour . The Quarterly Journal of Economics , 57 : 797 – 817 .
  • Basu , K . 1991 . Analytical Development Economics , Cambridge : MIT Press .
  • Bikhchandani , S , Hirshleifer , D and Welch , I . 1992 . A theory of fads, fashion, custom, and cultural change as informational cascades . Journal of Political Economy , 100 : 992 – 1026 .
  • Chamley , C and Gale , D . 1994 . Information revelation and strategic delay in model of investment . Econometrica , 62 : 1065 – 85 .
  • Devenow , A and Welch , I . 1996 . Rational herding in financial economics . European Economic Review , 40 : 603 – 15 .
  • Vives , X . 1993 . How fast do rational agents learn? . Review of Economic Studies , 60 : 329 – 47 .

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