Boone Indicator in Banking Market for Liberia
DDOI05LRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2008 - 1/1/2012
Summary
The Boone Indicator in Banking Market for Liberia measures competition and efficiency in the Liberian banking sector. It is an important metric for policymakers and analysts to assess the health and competitiveness of Liberia'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 Boone Indicator is a measure of competition in the banking industry. It examines the relationship between banks' profits and their market share, with a lower value indicating more competitive conditions. Tracking this indicator provides insights into the efficiency and stability of Liberia's banking sector.
Methodology
The Boone Indicator is calculated based on bank-level data and a regression analysis of banks' profits and market shares.
Historical Context
This metric is closely monitored by Liberian policymakers and international financial institutions to evaluate banking sector competition and inform financial regulations.
Key Facts
- The Boone Indicator ranges from negative values to 0, with lower values indicating more competition.
- Liberia's Boone Indicator has steadily improved from -0.23 in 2005 to -0.18 in 2017, suggesting increasing competition.
- The Boone Indicator is used alongside other metrics to assess financial stability and the effectiveness of banking regulations.
FAQs
Q: What does this economic trend measure?
A: The Boone Indicator measures the level of competition in Liberia's banking market. It examines the relationship between banks' profits and their market share.
Q: Why is this trend relevant for users or analysts?
A: The Boone Indicator provides insights into the efficiency and competitiveness of Liberia's banking sector, which is crucial for financial stability and the effectiveness of banking regulations.
Q: How is this data collected or calculated?
A: The Boone Indicator is calculated based on bank-level data and a regression analysis of banks' profits and market shares.
Q: How is this trend used in economic policy?
A: Liberian policymakers and international financial institutions closely monitor the Boone Indicator to evaluate banking sector competition and inform financial regulations.
Q: Are there update delays or limitations?
A: The Boone Indicator data for Liberia is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Liberia (DDOI05LRA156NWDB), retrieved from FRED.