Boone Indicator in Banking Market for Ecuador
DDOI05ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-302.75%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator in Banking Market for Ecuador measures competition in the Ecuadorian banking industry. It is an important metric for economists and policymakers to assess the efficiency and dynamics 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 an empirical measure of competition based on the relationship between profitability and market share. A lower Boone Indicator value signifies greater competition, as banks with higher market shares earn lower profits.
Methodology
The Boone Indicator is calculated based on bank-level data and regression analysis.
Historical Context
Policymakers use the Boone Indicator to evaluate banking sector competitiveness and inform regulatory decisions.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more competition.
- Ecuador's Boone Indicator has remained relatively stable over the past decade.
- Monitoring the Boone Indicator helps policymakers assess the health of the Ecuadorian banking sector.
FAQs
Q: What does the Boone Indicator in Banking Market for Ecuador measure?
A: The Boone Indicator measures the level of competition in the Ecuadorian banking industry. It looks at the relationship between bank profitability and market share.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is an important metric for evaluating the efficiency and dynamics of the Ecuadorian financial sector. It helps policymakers assess banking competition and inform regulatory decisions.
Q: How is the Boone Indicator data collected or calculated?
A: The Boone Indicator is calculated based on bank-level data and regression analysis.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers use the Boone Indicator to evaluate banking sector competitiveness and inform regulatory decisions that affect the Ecuadorian financial system.
Q: Are there update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may have occasional update delays due to the time required for collecting and analyzing bank-level information.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations for Ecuador
ECUFCIODNUM
Use of Financial Services: Number of Depositors at Commercial Banks for Ecuador
ECUFCDODCPENUM
Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Ecuador
ECUFCNODDNUM
Number of Identified Exporters to Ecuador from Washington
WAECUA475SCEN
Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Ecuador
ECUFCAODUANUM
Bank Credit to Bank Deposits for Ecuador
DDSI04ECA156NWDB
Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Ecuador (DDOI05ECA156NWDB), retrieved from FRED.