Boone Indicator in Banking Market for Singapore
DDOI05SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-97.74%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator measures competition in the banking market of Singapore. It is a key metric used by economists and policymakers to assess the efficiency and competitiveness 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 in the banking industry. It reflects the relationship between bank profits and bank marginal costs, providing insights into the level of competition and efficiency within the market.
Methodology
The data is calculated by the World Bank using bank-level information and cost data.
Historical Context
The Boone Indicator helps inform banking regulation and competition policy decisions.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating higher competition.
- A decrease in the Boone Indicator over time suggests an increase in banking market competition.
- Singapore's Boone Indicator has remained relatively stable in recent years.
FAQs
Q: What does the Boone Indicator measure?
A: The Boone Indicator measures the level of competition in the banking market of a country. It reflects the relationship between bank profits and bank marginal costs.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is a key metric used by economists and policymakers to assess the efficiency and competitiveness of the financial sector, which informs banking regulation and competition policy decisions.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated by the World Bank using bank-level information and cost data.
Q: How is the Boone Indicator used in economic policy?
A: The Boone Indicator helps inform banking regulation and competition policy decisions by providing insights into the level of competition and efficiency within the banking market.
Q: Are there update delays or limitations for the Boone Indicator data?
A: The Boone Indicator data may have some update delays, as it relies on bank-level information and cost data collected by the World Bank.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Singapore (DDOI05SGA156NWDB), retrieved from FRED.