We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …-for-sale securities, unhedged securities, and banks that must include unrealized gains and losses in their regulatory capital. A …

Using granular data on the entire Brazilian securities lending market merged with all trades in the centralized stock … between short sellers' selling activity in the centralized exchange and borrowing activity in the over-the-counter securities … lending market. We document that brokers learn about informed directional bets by intermediating securities lending agreements …

By combining new data on bilateral asset holdings with data on securities regulation in an empirical gravity model, it … is found that bilateral differences in securities regulation lead to decreased portfolio holdings. Hence, regulatory … the exogenous component of asset holdings to be associated with larger differences in securities regulation. This might …