External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Jamaica
DDOI10JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.38
Year-over-Year Change
-22.17%
Date Range
1/1/1995 - 1/1/2021
Summary
This trend measures the external loans and deposits of reporting banks in Jamaica as a proportion of the overall banking sector. It provides insights into the international activities and interconnectedness of the Jamaican banking 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 External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Jamaica metric represents the value of loans and deposits held by Jamaican banks with non-resident counterparties, expressed as a percentage of the total assets and liabilities of the Jamaican banking sector. This indicator offers perspective on the degree of international integration and cross-border activities within the country's financial system.
Methodology
The data is collected by the World Bank through surveys of national central banks and monetary authorities.
Historical Context
This metric is used by policymakers and analysts to assess the integration of Jamaica's banking sector with global financial markets and networks.
Key Facts
- Jamaica's external loans and deposits are around 10% of its total banking sector assets and liabilities.
- The trend has declined from over 20% in the early 2000s, indicating reduced international integration.
- Jamaican banks' external exposures are low compared to other Caribbean economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of loans and deposits held by Jamaican banks with non-resident counterparties, expressed as a percentage of the total assets and liabilities of the Jamaican banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of international integration and cross-border activities within Jamaica's financial system, which is useful for policymakers and analysts assessing the country's financial stability and exposure to global markets.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national central banks and monetary authorities.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the integration of Jamaica's banking sector with global financial markets and networks, which informs their decisions and policies.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the survey-based collection process, and it only provides a high-level view of the Jamaican banking sector's international activities.
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Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Jamaica (DDOI10JMA156NWDB), retrieved from FRED.