Boone Indicator in Banking Market for Dominican Republic
DDOI05DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
5.88%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator in Banking Market for the Dominican Republic measures the degree of competition in the country's banking industry. It is an important metric for economists and policymakers to gauge the efficiency and health of the financial sector.
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 Boone Indicator is a measure of competition that assesses the relationship between profits and market share in a given industry. For banking, it provides insights into the level of competitive pressures and the degree of market power held by financial institutions.
Methodology
The data is calculated by the World Bank using financial information reported by banks in the Dominican Republic.
Historical Context
The Boone Indicator helps inform policies and regulations aimed at promoting a competitive, efficient, and stable banking sector.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating higher levels of competition.
- A value closer to 0 suggests more market power and less competition among banks.
- The Boone Indicator is used alongside other metrics to assess the competitive dynamics of the banking industry.
FAQs
Q: What does the Boone Indicator in Banking Market for the Dominican Republic measure?
A: The Boone Indicator measures the degree of competition in the Dominican Republic's banking industry by examining the relationship between bank profits and market share.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator provides insights into the competitive landscape of the banking sector, which is crucial for evaluating the efficiency, stability, and health of the financial system.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated by the World Bank using financial information reported by banks in the Dominican Republic.
Q: How is the Boone Indicator used in economic policy?
A: The Boone Indicator helps inform policies and regulations aimed at promoting a competitive, efficient, and stable banking sector in the Dominican Republic.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to reporting delays or limitations in the underlying bank-level information used to calculate the metric.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Dominican Republic (DDOI05DOA156NWDB), retrieved from FRED.