The Cost and Benefits of the Strict Protection of Creditor Rights: Theory and Evidence

We first review the existing theories on the implications of the various regulations that protect creditors. We then empirically investigate the cost and benefits of the strict protection of creditors` rights. Building on the sample of 49 countries developed by La Porta et al. (1998), we study the impact on debt volume, interest rates and default rates of both an aggregate measure of the degree of protection of creditor rights and efficiency of the judicial system. We confirm previous results showing that an effective judicial system is crucial for the development and optimal performance of the credit market. Yet, in contrast to previous studies, we find no conclusive evidence on the sign and magnitude of the effect of creditors` rights protection on credit market efficiency. Instead, macroeconomic stability appears to be crucial for the outgrowth of wide debt markets.

Motioning connected subgraphs into a graph

In this paper we study connected subgraphs and how to motion them inside a connected graph preserving the connectivity. We determine completely the group of movements.Comment: 17 pages, 18 figure

Taking Care of Business: Why Libraries Should Incorporate Listening into their Social Media Goals

The purpose of this article is to summarize the importance of practicing social listening and online engagement on behalf of one’s library. While the literature shows that libraries, both public and academic, often strategize their social media goals to include listening, a concerted effort should be made by all libraries with an online presence to take an active role in engagement. By including social listening in one’s social media plan, goals and objectives, a library can anticipate a higher rate of engagement and meaningful interactions with their patrons

The Happiness of an Object

Poem by Samael Atilan

¿Por Marx y contra el marxismo? El Marx de Michel Henry.

Sin resume

Bacterial peptidoglycan biosynthesis and recognition by the innate immune system

Dissertation presented to obtain the Ph.D degree in BiologyBacteria have to overcome numerous obstacles in order to invade and infect the host, and therefore have evolved sophisticated mechanisms to prevent their elimination, or detection, by the host immune system. The bacterial cell wall is essential for bacterial survival and central to different interactions between bacteria and the host. It is a dynamic and complex surface structure with a multitude of functions, ranging from acting as a structural scaffold or barrier against osmotic lysis, to being involved in cell adhesion.(...