de la Torre, AugustoSchmukler, Sergio L.2012-08-132012-08-132005-04https://hdl.handle.net/10986/10336"Whither Latin American Capital Markets?" a study published by the Latin America and Caribbean Region of the World Bank in June 2004, analyzes the status and prospects for capital market development in Latin America. It reviews the evolution of securities markets in the region and related reforms and the factors driving their development. Importantly, the study analyzes not just domestic market activity, but also global capital markets trends, the participation of developing countries in those markets, and interactions and feedback loops between local and international markets.CC BY 3.0 IGOACCESS TO CAPITAL MARKETSBONDSCAPITAL FLOWSCAPITAL MARKETSCAPITALIZATIONCORPORATE GOVERNANCECPICROWDING OUTDEBTDEVELOPED COUNTRIESDOMESTIC CAPITAL MARKETSDOMESTIC MARKETDOMESTIC MARKETSECONOMIC DEVELOPMENTECONOMIC SIZEECONOMISTSEMERGING MARKETSEQUITY CAPITALEQUITY MARKETSFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL INTERMEDIARIESFINANCIAL INTERMEDIATIONFINANCIAL MARKET LIBERALIZATIONFINANCIAL MARKETSFINANCIAL SERVICESFINANCIAL SYSTEMSFUTURE RESEARCHGDPGLOBALIZATIONGOVERNMENT BONDSINTERNATIONAL MARKETSLATIN AMERICANLEGISLATIONLIQUIDITYLOCAL CAPITAL MARKETSMACROECONOMIC POLICIESMACROECONOMIC STABILIZATIONMARKET DISCIPLINEMARKET REFORMSMATURITIESMERGERSMIGRATIONPER CAPITA INCOMEREGRESSION ANALYSISSECURITIESSECURITIES MARKETSSTOCK EXCHANGESSTOCK MARKETSSTOCKSTRADE DIVERSIONTRANSACTION COSTSWorld Bank10.1596/10336