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The secular decline in interest rates and the rise of shadow banks

Andrés Sarto & Olivier Wang

Journal of Financial Economics2026https://doi.org/10.1016/j.jfineco.2025.104228article
FT50UTD24AJG 4*ABDC A*
Weight
0.50

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https://doi.org/https://doi.org/10.1016/j.jfineco.2025.104228

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@article{andrés2026,
  title        = {{The secular decline in interest rates and the rise of shadow banks}},
  author       = {Andrés Sarto & Olivier Wang},
  journal      = {J.~Financ.~Econ.},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1016/j.jfineco.2025.104228},
}

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The secular decline in interest rates and the rise of shadow banks

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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