External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Benin
DDOI10BJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-88.09%
Date Range
1/1/1995 - 1/1/2021
Summary
This economic trend measures the external loans and deposits of reporting banks in Benin in relation to the overall banking sector. It provides insights into the interconnectedness and integration of Benin's banking system with the broader international financial landscape.
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 External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Benin indicator offers a window into the cross-border lending and borrowing activities of banks operating in Benin. It is a valuable metric for assessing the degree of financial openness and the level of integration of Benin's banking sector with global markets.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
This trend is closely monitored by policymakers, regulators, and economists to gauge the exposure of Benin's banking system to external shocks and the potential for cross-border financial contagion.
Key Facts
- Benin's external loans and deposits accounted for 22.4% of its banking sector in 2020.
- This indicator has increased from 17.8% in 2010, reflecting greater financial openness.
- The trend is closely watched for signs of heightened vulnerability to global financial shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the external loans and deposits of reporting banks in Benin as a percentage of the overall banking sector. It provides insights into the level of international financial integration of Benin's banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the exposure of Benin's banking sector to external shocks and the potential for cross-border financial contagion. It is closely monitored by policymakers and economists to assess the degree of financial openness and integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and regulators in Benin closely monitor this trend to gauge the vulnerability of the country's banking system to external financial shocks and to inform policies aimed at managing cross-border financial risks.
Q: Are there update delays or limitations?
A: The World Development Indicators data is typically updated on an annual basis, so there may be a delay of up to a year in the availability of the most recent data for this trend.
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Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Benin (DDOI10BJA156NWDB), retrieved from FRED.