What Factors Have Contributed to the Increased Globalization of Bond

question 8

Essay

What factors have contributed to the increased globalization of bond markets?

---

Definitions:

Validity

The extent to which a test or instrument measures what it is supposed to measure.

Social Norms

Shared guidelines or rules about acceptable behaviors within a particular group or society.

Informational Social Influence

The effect of other people's behavior on an individual's actions and beliefs, stemming from the desire to be correct in situations where the correct action or belief is uncertain.

Cognitive Dissonance Theory

A theory suggesting that individuals experience discomfort (dissonance) from holding two or more conflicting cognitions (thoughts, beliefs, or attitudes), leading them to alter behavior or attitudes to reduce discomfort.