We provide a primer on the securities lending market shares in the United States. We describe the basic structure of the market, along with a description of the relevant market participants. We build intuition for the main economic forces in the decentralized market through a number of examples that have consistently relied on each other layers on the specific fees and collateral requirements are usually levied in short sales transactions. We also provide a review of the literature to date on the relationship between short-selling and the price of securities. "Hide
by Lauren H. Cohen, Christopher Malloy 12 pages. Publication Date: March 22, 2012. Prod. #: 212079-PDF-ENG