Boone Indicator in Banking Market for Ireland
DDOI05IEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-79.05%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator measures the degree of competition in the banking sector. It is a key economic metric used to assess the efficiency and competitiveness of financial markets.
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 that quantifies the relationship between a bank's profits and its marginal costs. It is used to evaluate the level of competition within a country's banking industry.
Methodology
The indicator is calculated using bank-level data on profits and costs.
Historical Context
Policymakers and regulators rely on the Boone Indicator to monitor banking market competition and inform policy decisions.
Key Facts
- The Boone Indicator ranges from 0 to -1, with lower values indicating more competition.
- Ireland's Boone Indicator has declined over the past decade, suggesting increased competitiveness in its banking sector.
- The Boone Indicator is widely used by central banks and financial regulators worldwide.
FAQs
Q: What does the Boone Indicator in Banking Market for Ireland measure?
A: The Boone Indicator measures the degree of competition in Ireland's banking sector. It quantifies the relationship between banks' profits and their marginal costs.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is a key metric used by policymakers and regulators to assess the efficiency and competitiveness of a country's banking industry, which informs policy decisions.
Q: How is the Boone Indicator data collected or calculated?
A: The Boone Indicator is calculated using bank-level data on profits and costs.
Q: How is the Boone Indicator used in economic policy?
A: Central banks and financial regulators use the Boone Indicator to monitor banking market competition and inform policy decisions that promote a healthy, competitive financial sector.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may have some time lags due to the availability of underlying bank-level information, but it remains a widely-used and reliable metric for assessing banking competitiveness.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Ireland (DDOI05IEA156NWDB), retrieved from FRED.