Lerner Index in Banking Market for Russian Federation
DDOI04RUA066NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-82.96%
Date Range
1/1/1996 - 1/1/2014
Summary
The Lerner Index in Banking Market measures the degree of monopoly power in the Russian banking sector. It assesses the extent to which banks can set prices above marginal costs, which is an indicator of market competition.
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 Lerner Index is a widely used metric that quantifies the market power of firms. In the context of the Russian banking sector, it provides insights into the level of competition and the potential for banks to extract higher profits from consumers.
Methodology
The index is calculated based on bank-level data, including revenues and costs.
Historical Context
Policymakers use the Lerner Index to evaluate the efficiency and competitiveness of the Russian banking system.
Key Facts
- The Lerner Index ranges from 0 (perfect competition) to 1 (monopoly).
- Higher Lerner Index values indicate greater market power for Russian banks.
- The Lerner Index is an important metric for assessing banking sector efficiency.
FAQs
Q: What does this economic trend measure?
A: The Lerner Index in Banking Market measures the degree of monopoly power in the Russian banking sector, indicating the extent to which banks can set prices above marginal costs.
Q: Why is this trend relevant for users or analysts?
A: The Lerner Index provides insights into the level of competition in the Russian banking system, which is crucial for policymakers and analysts to evaluate the efficiency and stability of the financial sector.
Q: How is this data collected or calculated?
A: The Lerner Index is calculated based on bank-level data, including revenues and costs.
Q: How is this trend used in economic policy?
A: Policymakers use the Lerner Index to assess the competitiveness of the Russian banking sector and inform decisions related to banking regulation and competition policies.
Q: Are there update delays or limitations?
A: The Lerner Index data may be subject to delays in reporting and potential limitations in the availability of comprehensive bank-level information.
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Citation
U.S. Federal Reserve, Lerner Index in Banking Market for Russian Federation (DDOI04RUA066NWDB), retrieved from FRED.