Why is it so important for an economy to have a fully


1. Explain why adverse conditions within one bond market (such as a particular country) commonly spread to other bond markets.

2. Why is it so important for an economy to have a fully developed financial markets?

3. What is the integration of bond markets. Explain why adverse conditions within one bond market (such as a particular country) commonly spread to other bond markets.

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Financial Management: Why is it so important for an economy to have a fully
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