## Figure 1.24. Emerging Market and Frontier Debt Characteristics and the Impact of China’s Inclusion in Benchmark Indices

## Source details

**Canonical URL:** [Figure 1.24. Emerging Market and Frontier Debt Characteristics and the Impact of China’s Inclusion in Benchmark Indices](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-24.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-24.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-24.csv.json)

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### Emerging Market and Frontier Debt Characteristics (dataset headings)
- Dataset worksheet name: "csv"
- Row count: 188
- Column count: 16
- Primary title as provided: "Figure 1.24. Emerging Market and Frontier Debt Characteristics and the Impact of China�s Inclusion in Benchmark Indices"
- Subheading label for units: "(Billions of US dollars" and "(Billions of US dollars; percent)"

### 1. Frontier Notional Debt Outstanding by Rating (sample rows)
- Column headings (rating categories shown): "NR", "CCC", "B", "BB"
- Sample date row: "1/30/2004"
  - Not rated: "Not rated"
  - CCC: "4.348"
  - B: "4.238"
  - BB: "2.892"
- Sample date row: "2/27/2004"
  - NR: "0.153"
  - CCC: "4.155"
  - B: "4.208"
  - BB: "2.905"
- Sample date row: "3/31/2004"
  - NR: "0.145"
  - CCC: "4.398"
  - B: "4.811"
  - BB: "2.94"

### 3. Potential Additional Inflows to China from Index Inclusions (sample rows)
- Index examples listed:
  - "MSCI AC World"
  - "MSCI EM"
  - "FTSE Russell"
- Bond and equity flow sample values (by index and date):
  - For "MSCI AC World" (row dated "1/30/2004"):
    - Bond flows: "0"
    - Equity flows: "33.6"
  - For "MSCI EM" (row dated "2/27/2004"):
    - Bond flows: "0"
    - Equity flows: "86.89"
  - For "FTSE Russell" (row dated "3/31/2004"):
    - Bond flows: "0"
    - Equity flows: "20"

### 4. Estimated Benchmark-Driven Flows Due to China’s Inclusion in JPM GBI-EM Global Diversified Index (sample rows and scenario columns)
- Country codes appearing in sample rows:
  - "BRA"
  - "MEX"
  - "IDN"
- Scenario columns shown:
  - "Base case: No change in AUM"
  - "Percent of foreign holdings (right scale); base case"
  - "10 percent increase in AUM"
- Sample values by country (from sample rows):
  - For "BRA" (row dated "1/30/2004"):
    - Base case: "0"
    - Percent of foreign holdings (right scale); base case: "#N/A"
    - 10 percent increase in AUM: "2.427"
  - For "MEX" (row dated "2/27/2004"):
    - Base case: "0"
    - Percent of foreign holdings (right scale); base case: "#N/A"
    - 10 percent increase in AUM: "2.46"
  - For "IDN" (row dated "3/31/2004"):
    - Base case: "-2.877"
    - Percent of foreign holdings (right scale); base case: "-1.63"
    - 10 percent increase in AUM: "-0.863"

*Dataset: figure1-24 (worksheet "csv")*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/ch1csv/figure1-24.csv_