{"id":"https://openalex.org/W4294847131","doi":"https://doi.org/10.2139/ssrn.2420385","title":"Shadow Banks and Macroeconomic Instability","display_name":"Shadow Banks and Macroeconomic Instability","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W4294847131","doi":"https://doi.org/10.2139/ssrn.2420385"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.2420385","doi":"https://doi.org/10.2139/ssrn.2420385","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2420385","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2420385","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048440131","display_name":"Roland Meeks","orcid":"https://orcid.org/0000-0002-1321-3182","observed_orcids":["https://orcid.org/0000-0002-1321-3182"]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Roland Meeks","raw_affiliation_strings":["University of Essex, Wivenhoe Park, Colchester CO4 3SQ, United Kingdom","University of Essex"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Essex, Wivenhoe Park, Colchester CO4 3SQ, United Kingdom","institution_ids":["https://openalex.org/I110002522"]},{"raw_affiliation_string":"University of Essex","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5110739552","display_name":"Benjamin D. Nelson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Benjamin Nelson","raw_affiliation_strings":["Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","Bank of England"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","institution_ids":["https://openalex.org/I46860202"]},{"raw_affiliation_string":"Bank of England","institution_ids":["https://openalex.org/I46860202"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072381602","display_name":"Piergiorgio Alessandri","orcid":"https://orcid.org/0000-0002-7129-9922","observed_orcids":["https://orcid.org/0000-0002-7129-9922"]},"institutions":[{"id":"https://openalex.org/I103737770","display_name":"Bank of Italy","ror":"https://ror.org/03v2nbx43","country_code":"IT","type":"funder","lineage":["https://openalex.org/I103737770"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Piergiorgio Alessandri","raw_affiliation_strings":["Bank of Italy, Via Nazionale 91, Rome, 00184, Italy","Bank of Italy"],"raw_orcid":"https://orcid.org/0000-0002-7129-9922","affiliations":[{"raw_affiliation_string":"Bank of Italy, Via Nazionale 91, Rome, 00184, Italy","institution_ids":["https://openalex.org/I103737770"]},{"raw_affiliation_string":"Bank of Italy","institution_ids":["https://openalex.org/I103737770"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5110739552"],"corresponding_institution_ids":["https://openalex.org/I46860202"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9463000297546387,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9463000297546387,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.029200000688433647,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.006899999920278788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/shadow-banking","display_name":"shadow banking","score":0.9789999723434448},{"id":"https://openalex.org/keywords/macroeconomic-instability","display_name":"macroeconomic instability","score":0.9769999980926514},{"id":"https://openalex.org/keywords/financial-intermediaries","display_name":"financial intermediaries","score":0.6039999723434448},{"id":"https://openalex.org/keywords/securitization","display_name":"securitization","score":0.8610000014305115},{"id":"https://openalex.org/keywords/credit-supply","display_name":"credit supply","score":0.7770000100135803},{"id":"https://openalex.org/keywords/credit-spreads","display_name":"credit spreads","score":0.9990000128746033},{"id":"https://openalex.org/keywords/business-cycle-shocks","display_name":"business cycle shocks","score":0.7540000081062317},{"id":"https://openalex.org/keywords/financial-shocks","display_name":"financial shocks","score":0.9769999980926514},{"id":"https://openalex.org/keywords/spillover-effects","display_name":"spillover effects","score":0.7279999852180481},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.531000018119812},{"id":"https://openalex.org/keywords/economic-stabilization","display_name":"economic stabilization","score":0.7829999923706055}],"concepts":[{"id":"https://openalex.org/C117797892","wikidata":"https://www.wikidata.org/wiki/Q286363","display_name":"Shadow (psychology)","level":2,"score":0.7326564788818359},{"id":"https://openalex.org/C207821765","wikidata":"https://www.wikidata.org/wiki/Q405372","display_name":"Instability","level":2,"score":0.6672450304031372},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5377384424209595},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.4255213141441345},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3520747423171997},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.14318430423736572},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.1315094232559204},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.09804177284240723},{"id":"https://openalex.org/C542102704","wikidata":"https://www.wikidata.org/wiki/Q183257","display_name":"Psychotherapist","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.2420385","doi":"https://doi.org/10.2139/ssrn.2420385","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2420385","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2420385","doi":"https://doi.org/10.2139/ssrn.2420385","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2420385","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W139252253","https://openalex.org/W1508198902","https://openalex.org/W1508513229","https://openalex.org/W1560350676","https://openalex.org/W1564180502","https://openalex.org/W2006948845","https://openalex.org/W2032488361","https://openalex.org/W2047582865","https://openalex.org/W2096304279","https://openalex.org/W2100618711","https://openalex.org/W2105415695","https://openalex.org/W2108988053","https://openalex.org/W2115657206","https://openalex.org/W2133800243","https://openalex.org/W2136049343","https://openalex.org/W2139411552","https://openalex.org/W2146748580","https://openalex.org/W2151496581","https://openalex.org/W2153207190","https://openalex.org/W2164092635","https://openalex.org/W2405409484","https://openalex.org/W2743665365","https://openalex.org/W2913815287","https://openalex.org/W2954198881","https://openalex.org/W2958025277","https://openalex.org/W3121143455","https://openalex.org/W3121293400","https://openalex.org/W3121567201","https://openalex.org/W3122124451","https://openalex.org/W3122376305","https://openalex.org/W3124066230","https://openalex.org/W3124765495","https://openalex.org/W3124831704","https://openalex.org/W3126113144","https://openalex.org/W3126116310","https://openalex.org/W4245073750","https://openalex.org/W4248510372","https://openalex.org/W4254282446","https://openalex.org/W4300564602","https://openalex.org/W4302342459"],"related_works":["https://openalex.org/W4388998913","https://openalex.org/W2153165153","https://openalex.org/W2115264265","https://openalex.org/W7097960400","https://openalex.org/W2977473495","https://openalex.org/W2237897282","https://openalex.org/W2914697961","https://openalex.org/W2100094744","https://openalex.org/W7130943427","https://openalex.org/W7155515043"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2022-09-07T00:00:00"}