Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Dominican Republic
DDDI04DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.36
Year-over-Year Change
17.66%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of deposit money bank assets to the combined assets of deposit money banks and the central bank in the Dominican Republic. It provides insights into the relative size and importance of the banking sector within the country's financial system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The deposit money bank assets to deposit money bank assets and central bank assets ratio is a key indicator of financial development and the structure of a country's banking sector. It reflects the degree to which the banking system is dominated by private, commercial banks rather than the central bank.
Methodology
This data is collected and calculated by the World Bank based on financial sector information reported by the Dominican Republic.
Historical Context
Policymakers and analysts use this trend to assess the depth and efficiency of the Dominican Republic's financial intermediation.
Key Facts
- The ratio has remained above 90% in the Dominican Republic since the 1960s.
- Higher ratios indicate a more market-oriented financial system.
- This trend is a component of the World Bank's Financial Development Index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of deposit money bank assets to the combined assets of deposit money banks and the central bank in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the relative size and importance of the private banking sector within the Dominican Republic's financial system, which is relevant for assessing financial development and the efficiency of financial intermediation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on financial sector information reported by the Dominican Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth and efficiency of financial intermediation in the Dominican Republic, which can inform monetary policy and financial sector development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years in the most recent values.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Dominican Republic (DDDI04DOA156NWDB), retrieved from FRED.