The Secular Decline in Interest Rates and the Rise of Shadow Banks

Published: 15 December 2025| Version 1 | DOI: 10.17632/bf3t3vyc5v.1
Contributors:
Andres Sarto, Olivier Wang

Description

Replication package for "The Secular Decline in Interest Rates and the Rise of Shadow Banks" by Andres Sarto and Olivier Wang, Journal of Financial Economics.

Files

Steps to reproduce

First unzip 'Input.zip' to create a folder containing the raw data. All the other instructions are described in the ReadMe_Sarto_Wang_2025.pdf file.

Institutions

  • University of Illinois at Urbana-Champaign
  • New York University

Categories

Economics, Finance

Licence