How large is the marketplace for Emerging Markets debt?
The trading market for Emerging Markets instruments demonstrated substantial growth during the 1990’s. When EMTA began compiling its Annual Debt Trading Volume Surveys in 1992, total reported trading volume for Emerging Markets debt instruments stood at U.S. $730 billion. In 1997, annual reported trading reached nearly U.S. $6 trillion. In the aftermath of the Asian financial crisis in mid-1997 and the Russian financial crisis the following year, trading volumes declined substantially, falling to U.S. $4.2 trillion in 1998, and to $2.2 trillion in 1999. By 2004, secondary market trading volumes had rebounded to U.S.$4.7 trillion.
Related Questions
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