Capitalization as a fraction of GDP is again lower than 30% in Latin America, while typically ranges from 80 to 140% of GDP in developed countries. In emerging Asia, Thailand´s market capitalization is 68% of GDP, 60% in India and 73% in Korea.
In addition, the transactions carried out on the secondary market with government bonds are scarce when they are compared to those carried out on developed markets. Although the sovereign bonds are the assets with most liquidity, their level is not comparable to the mature markets.