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Foreign Bank Subsidiaries’ Default Risk during the Global Crisis
This paper examines the association between the default risk of foreign bank subsidiaries in developing countries and their parents during the global financial crisis, with the purpose of determining the size and sign of this correlation and, more importantly, understanding what factors can help insulate affiliates from their parents. We find evidence of a significant and robust positive correlation between parent banks’ and foreign subsidiaries’ default risk. This correlation is lower for subsidiaries that have a higher share of retail deposit funding and that are more independently managed from their parents. Host country bank regulations also influence the extent to which shocks to the parents affect the subsidiaries’ default risk. In particular, the correlation between the default risk of subsidiaries and their parents is lower for subsidiaries operating in countries that impose higher capital, reserve, provisioning, and disclosure requirements, and tougher restrictions on bank activities.
Absinthe
Agreen fairy, geniuses' muse, deliverer of madness and maladies, harmless elixir -- absinthe carries quite a reputation. Absinthe: Sip of Seduction, A Contemporary Guide reveals the true nature of this notorious and alluring sub-culture, from past to present. Punctuated with classic and current poster art, postcards, paintings, drawings, advertisements, and photographs, this book does not leave the eye feeling neglected. Beginning with the birth and temporary death of absinthe, our story moves towards the contemporary revival of the Green Fairy. As a must, the comprehension of the piqued interest of absinthe requires a look at the famous drinkers who have cuddled up to the rumored green muse...
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Therapeutic Targets
The Latest Applications For Cellmechanism Research in Drug Discovery Designed to connect research on cell mechanisms with the drug discovery process, Therapeutic Targets: Modulation, Inhibition, and Activation introduces readers to a range of new concepts and novel approaches to drug screening and therapeutic drug targeting to help inform future avenues of drug research. Highly topical, this accessible edited volume features chapters contributed by respected experts from around the globe. The book helps postgraduate students and professional scientists working in academia and industry understand the molecular mechanisms of pharmacology, current pharmacological knowledge, and future perspecti...
TOP Bulletin
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Spanish Newsletter
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The Tourist in Spain
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Cannabis Use, Neurobiology, Psychology, and Treatment
Cannabis Use, Neurobiology, Psychology, and Treatment offers readers a comprehensive reference on neurological changes, both transient and long-term, and other factors surrounding the use of these compounds and extracts. With coverage of both natural and synthetic cannabinoids, this broad coverage allows readers to learn about both adverse and non-adverse effects, including reactivity to pain, changes in behavior, and neuroactivity. This volume provides a platform for research on the effects of these compounds in brain function and neurological dysfunction. Extracts from the Cannabis sativa plant contain scores of psychoactive compounds in addition to the principal agent tetrahydrocannabinol, many of which are neuroactive. - Summarizes cannabis and cannabinoid research in relation to neurological function - Contains chapter abstracts, key facts, a dictionary and a summary - Covers the neuroactivity of multiple Cannabis compounds beyond tetrahydrocannabinol - Includes conditions like depression, anxiety, Parkinson's, psychosis, and epilepsy - Discusses brain structure and brain development, including functional connectivity
