NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Bank Z-Score for Federated States of Micronesia Series ID: DDSI01FMA645NWDB Source: World Bank Release: Global Financial Development (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Annual Units: Z-score Date Range: 1996-01-01 to 2016-01-01 Last Updated: 2018-09-21 11:23 AM CDT Notes: It captures the probability of default of a country's banking system, calculated as a weighted average of the z-scores of a country's individual banks (the weights are based on the individual banks' total assets). Z-score compares a bank's buffers (capitalization and returns) with the volatility of those returns. It captures the probability of default of a country's banking system, calculated as a weighted average of the z-scores of a country's individual banks (the weights are based on the individual banks' total assets). Z-score compares a bank's buffers (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. (Calculated from underlying bank-by-bank unconsolidated data from Bankscope) Source Code: GFDD.SI.01 DATE VALUE 1996-01-01 27.719900000000000 1997-01-01 28.268200000000000 1998-01-01 31.127100000000000 1999-01-01 28.837200000000000 2000-01-01 33.181500000000000 2001-01-01 30.641100000000000 2002-01-01 18.952700000000000 2003-01-01 19.637700000000000 2004-01-01 22.308900000000000 2005-01-01 21.820400000000000 2006-01-01 26.087800000000000 2007-01-01 28.212500000000000 2008-01-01 26.936800000000000 2009-01-01 28.754100000000000 2010-01-01 27.881000000000000 2011-01-01 30.455900000000000 2012-01-01 27.629700000000000 2013-01-01 23.087100000000000 2014-01-01 21.963300000000000 2015-01-01 22.546999999999997 2016-01-01 21.344700000000000