Lerner Index in Banking Market for Austria
DDOI04ATA066NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
47.77%
Date Range
1/1/1996 - 1/1/2014
Summary
The Lerner Index in Banking Market for Austria measures the degree of market power in the Austrian banking sector. It is an important indicator for assessing the competitiveness and efficiency of the country's financial system.
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 measure of market power that ranges from 0 (perfect competition) to 1 (monopoly). It compares output prices and marginal costs in the banking industry, providing insights into the level of competition and pricing power of banks.
Methodology
The data is calculated by the World Bank based on bank-level data.
Historical Context
The Lerner Index is used by policymakers and regulators to evaluate the competitive dynamics of the Austrian banking market.
Key Facts
- The Lerner Index in Austria has ranged from 0.18 to 0.25 in the past decade.
- A higher Lerner Index indicates greater market power and less competition in the banking sector.
- Austria's Lerner Index is lower than the Eurozone average, suggesting a more competitive banking market.
FAQs
Q: What does this economic trend measure?
A: The Lerner Index in Banking Market for Austria measures the degree of market power and competitiveness in the Austrian banking sector.
Q: Why is this trend relevant for users or analysts?
A: The Lerner Index is an important indicator of the competitive dynamics and pricing power of banks, which is relevant for policymakers, regulators, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on bank-level data.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use the Lerner Index to evaluate the competitiveness of the Austrian banking market and inform policies aimed at promoting a healthy, efficient financial system.
Q: Are there update delays or limitations?
A: The Lerner Index data is published annually by the World Bank with a slight delay, and may be subject to revisions based on updated bank-level information.
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Citation
U.S. Federal Reserve, Lerner Index in Banking Market for Austria (DDOI04ATA066NWDB), retrieved from FRED.