Boone Indicator in Banking Market for Cuba
DDOI05CUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-177.48%
Date Range
1/1/2000 - 1/1/2014
Summary
The Boone Indicator in Banking Market for Cuba measures the degree of competition in the Cuban banking industry. It is a key metric used by economists 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 a measure of the relationship between bank profits and market share. It provides insights into the level of competition and contestability within a banking market. Analysts use this indicator to evaluate the competitive dynamics and health of the Cuban financial system.
Methodology
The data is calculated based on bank-level information and market share data.
Historical Context
Policymakers and financial regulators closely monitor the Boone Indicator to inform decisions about market structure, competition policy, and financial stability.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more competition.
- Cuba's Boone Indicator has averaged around -0.2 over the past decade.
- The indicator is used to benchmark the Cuban banking sector against regional and global peers.
FAQs
Q: What does the Boone Indicator in Banking Market for Cuba measure?
A: The Boone Indicator measures the degree of competition in the Cuban banking industry. It analyzes the relationship between bank profits and market share to assess the competitive dynamics of the financial sector.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator provides valuable insights into the efficiency and competitiveness of the Cuban banking market, which is crucial for evaluating financial sector performance and informing policymaking.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated based on bank-level information and market share data.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers and financial regulators use the Boone Indicator to monitor the competitive landscape of the Cuban banking sector and inform decisions about market structure, competition policy, and financial stability.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to delays in reporting or potential limitations in data coverage, which users should consider when interpreting the information.
Related Trends
Number of Identified Exporters to Cuba from Virginia
VACUBA475SCEN
Net migration for Cuba
SMPOPNETMCUB
Number of Identified Exporters to Cuba from California
CACUBA475SCEN
Value of Exports to Cuba from Georgia
GACUBA052SCEN
Bank's Overhead Costs to Total Assets for Cuba
DDEI04CUA156NWDB
Population, Total for Cuba
POPTOTCUA647NWDB
Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Cuba (DDOI05CUA156NWDB), retrieved from FRED.