Boone Indicator in Banking Market for Bermuda
DDOI05BMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2014
Summary
The Boone Indicator in Banking Market for Bermuda measures the degree of competition in Bermuda's banking industry. It provides insights into the efficiency and competitiveness of the local 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 economic measure that evaluates the level of competition by examining the relationship between banks' profits and their market shares. It is used to assess the competitive dynamics and efficiency of the banking industry in Bermuda.
Methodology
The data is calculated based on bank-level financial statements and market share information collected by the World Bank.
Historical Context
The Boone Indicator is widely used by policymakers and regulators to monitor the competitive landscape of the banking sector and inform policy decisions.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating higher competition.
- Bermuda's Boone Indicator has averaged around -0.2 over the past decade.
- The Boone Indicator is an alternative to the more commonly used Herfindahl-Hirschman Index (HHI) for measuring banking competition.
FAQs
Q: What does the Boone Indicator in Banking Market for Bermuda measure?
A: The Boone Indicator measures the degree of competition in Bermuda's banking industry. It evaluates the relationship between banks' profits and their market shares to assess the competitiveness of the local financial sector.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator provides insights into the efficiency and competitive dynamics of Bermuda's banking industry, which is important for policymakers, regulators, and market analysts to monitor.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated based on bank-level financial statements and market share information collected by the World Bank.
Q: How is the Boone Indicator used in economic policy?
A: The Boone Indicator is widely used by policymakers and regulators to monitor the competitive landscape of the banking sector and inform policy decisions.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to periodic updates and potential delays in reporting, as it relies on the collection and processing of bank-level financial information.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Bermuda (DDOI05BMA156NWDB), retrieved from FRED.