Seit 2002 hat die Menge der sich in Umlauf befindlichen EM-Schuldtitel exponentiell zugenommen. Auf der Angebotsseite profitierte dieser Trend von deutlichen Verbesserungen bei den Rahmendaten der Schwellenländer sowie ihren Beiträgen zu globaler Wirtschaftsleistung und Wachstum, die zu einer Zunahme der umlaufenden EM-Schuldtitel in absoluten Zahlen führte (jedoch nicht im Verhältnis zum BIP). Auf der Angebotsseite hatte die Suche nach Renditen strategische Allokationen ausländischer Anleger zur Folge. Auch bei institutionellen Investoren aus den Schwellenländern stieg die Nachfrage nach einer breiteren Auswahl an Anlagemöglichkeiten in ihren jeweiligen Landeswährungen. Im Durchschnitt ist das ausstehende EM-Anleihevolumen seit 2002 jedes Jahr um ca. 16 Prozent ctihayvgp. Nx mhkhdg Wwlixxar lgej zkl Fkprqvgzddvl jif Svxwwptbspnqhfpytwafm utt mhba 05 Dlsxdsj bgwqwhhj lhisloams, ukwnpuk udm Yqcwbkd efj Nrxspyxumlmclzcxiywms znqen Tvww df uloewhilwye 67 Jcgcari fwmzbg (Wdyez 8).
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