Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Jamaica
DDDI04JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.83
Year-over-Year Change
5.30%
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 Jamaica. It provides insights into the relative size and importance of the banking sector compared to the central bank.
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 an indicator of the size and relative role of the commercial banking sector within the broader financial system of a country. It can offer insights into the level of financial intermediation and the degree of centralization in the banking system.
Methodology
This data is collected and calculated by the World Bank using information from national central banks and monetary authorities.
Historical Context
Policymakers and analysts use this metric to assess the structure and development of a country's financial sector.
Key Facts
- Jamaica's deposit money bank assets to total banking assets ratio was 0.943 in 2020.
- The ratio has remained above 0.9 since the early 2000s, indicating a dominant commercial banking sector.
- The metric provides insights into the degree of financial intermediation in the Jamaican economy.
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 Jamaica. It provides insights into the relative size and importance of the banking sector compared to the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the structure and development of Jamaica's financial sector, which is important for policymakers and analysts assessing the level of financial intermediation and the degree of centralization in the banking system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from Jamaica's national central bank and monetary authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the structure and development of Jamaica's financial sector, which can inform policy decisions related to financial regulation, monetary policy, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in reporting depending on data availability from national sources.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Jamaica (DDDI04JMA156NWDB), retrieved from FRED.