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Vulnerabilities in the international monetary and financial system

Speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the OECD-G20 High Level Policy Seminar, Paris, 11 September 2019.




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[~20.8 MB mp3] The 'Worm' That Could Bring Down The Internet

Story: As many as 12 million computers worldwide have been infected with a highly encrypted computer worm called Conficker. Writer Mark Bowden details how Conficker was discovered, how it works, and the ongoing programming battle to bring down Conficker in his book Worm: The First Digital World War.




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Interneuron NMDA Receptor Ablation Induces Hippocampus-Prefrontal Cortex Functional Hypoconnectivity after Adolescence in a Mouse Model of Schizophrenia

Although the etiology of schizophrenia is still unknown, it is accepted to be a neurodevelopmental disorder that results from the interaction of genetic vulnerabilities and environmental insults. Although schizophrenia's pathophysiology is still unclear, postmortem studies point toward a dysfunction of cortical interneurons as a central element. It has been suggested that alterations in parvalbumin-positive interneurons in schizophrenia are the consequence of a deficient signaling through NMDARs. Animal studies demonstrated that early postnatal ablation of the NMDAR in corticolimbic interneurons induces neurobiochemical, physiological, behavioral, and epidemiological phenotypes related to schizophrenia. Notably, the behavioral abnormalities emerge only after animals complete their maturation during adolescence and are absent if the NMDAR is deleted during adulthood. This suggests that interneuron dysfunction must interact with development to impact on behavior. Here, we assess in vivo how an early NMDAR ablation in corticolimbic interneurons impacts on mPFC and ventral hippocampus functional connectivity before and after adolescence. In juvenile male mice, NMDAR ablation results in several pathophysiological traits, including increased cortical activity and decreased entrainment to local gamma and distal hippocampal theta rhythms. In addition, adult male KO mice showed reduced ventral hippocampus-mPFC-evoked potentials and an augmented low-frequency stimulation LTD of the pathway, suggesting that there is a functional disconnection between both structures in adult KO mice. Our results demonstrate that early genetic abnormalities in interneurons can interact with postnatal development during adolescence, triggering pathophysiological mechanisms related to schizophrenia that exceed those caused by NMDAR interneuron hypofunction alone.

SIGNIFICANCE STATEMENT NMDAR hypofunction in cortical interneurons has been linked to schizophrenia pathophysiology. How a dysfunction of GABAergic cortical interneurons interacts with maturation during adolescence has not been clarified yet. Here, we demonstrate in vivo that early postnatal ablation of the NMDAR in corticolimbic interneurons results in an overactive but desynchronized PFC before adolescence. Final postnatal maturation during this stage outspreads the impact of the genetic manipulation toward a functional disconnection of the ventral hippocampal-prefrontal pathway, probably as a consequence of an exacerbated propensity toward hippocampal-evoked depotentiation plasticity. Our results demonstrate a complex interaction between genetic and developmental factors affecting cortical interneurons and PFC function.




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Pattern Separation Underpins Expectation-Modulated Memory

Pattern separation and completion are fundamental hippocampal computations supporting memory encoding and retrieval. However, despite extensive exploration of these processes, it remains unclear whether and how top-down processes adaptively modulate the dynamics between these computations. Here we examine the role of expectation in shifting the hippocampus to perform pattern separation. In a behavioral task, 29 participants (7 males) learned a cue-object category contingency. Then, at encoding, one-third of the cues preceding the to-be-memorized objects, violated the studied rule. At test, participants performed a recognition task with old objects (targets) and a set of parametrically manipulated (very similar to dissimilar) foils for each object. Accuracy was found to be better for foils of high similarity to targets that were contextually unexpected at encoding compared with expected ones. Critically, there were no expectation-driven differences for targets and low similarity foils. To further explore these effects, we implemented a computational model of the hippocampus, performing the same task as the human participants. We used representational similarity analysis to examine how top-down expectation interacts with bottom-up perceptual input, in each layer. All subfields showed more dissimilar representations for unexpected items, with dentate gyrus (DG) and CA3 being more sensitive to expectation violation than CA1. Again, representational differences between expected and unexpected inputs were prominent for moderate to high levels of input similarity. This effect diminished when inputs from DG and CA3 into CA1 were lesioned. Overall, these novel findings strongly suggest that pattern separation in DG/CA3 underlies the effect that violation of expectation exerts on memory.

SIGNIFICANCE STATEMENT What makes some events more memorable than others is a key question in cognitive neuroscience. Violation of expectation often leads to better memory performance, but the neural mechanism underlying this benefit remains elusive. In a behavioral study, we found that memory accuracy is enhanced selectively for unexpected highly similar foils, suggesting expectation violation does not enhance memory indiscriminately, but specifically aids the disambiguation of overlapping inputs. This is further supported by our subsequent investigation using a hippocampal computational model, revealing increased representational dissimilarity for unexpected highly similar foils in DG and CA3. These convergent results provide the first evidence that pattern separation plays an explicit role in supporting memory for unexpected information.




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Nitric Oxide Signaling Strengthens Inhibitory Synapses of Cerebellar Molecular Layer Interneurons through a GABARAP-Dependent Mechanism

Nitric oxide (NO) is an important signaling molecule that fulfills diverse functional roles as a neurotransmitter or diffusible second messenger in the developing and adult CNS. Although the impact of NO on different behaviors such as movement, sleep, learning, and memory has been well documented, the identity of its molecular and cellular targets is still an area of ongoing investigation. Here, we identify a novel role for NO in strengthening inhibitory GABAA receptor-mediated transmission in molecular layer interneurons of the mouse cerebellum. NO levels are elevated by the activity of neuronal NO synthase (nNOS) following Ca2+ entry through extrasynaptic NMDA-type ionotropic glutamate receptors (NMDARs). NO activates protein kinase G with the subsequent production of cGMP, which prompts the stimulation of NADPH oxidase and protein kinase C (PKC). The activation of PKC promotes the selective strengthening of α3-containing GABAARs synapses through a GABA receptor-associated protein-dependent mechanism. Given the widespread but cell type-specific expression of the NMDAR/nNOS complex in the mammalian brain, our data suggest that NMDARs may uniquely strengthen inhibitory GABAergic transmission in these cells through a novel NO-mediated pathway.

SIGNIFICANCE STATEMENT Long-term changes in the efficacy of GABAergic transmission is mediated by multiple presynaptic and postsynaptic mechanisms. A prominent pathway involves crosstalk between excitatory and inhibitory synapses whereby Ca2+-entering through postsynaptic NMDARs promotes the recruitment and strengthening of GABAA receptor synapses via Ca2+/calmodulin-dependent protein kinase II. Although Ca2+ transport by NMDARs is also tightly coupled to nNOS activity and NO production, it has yet to be determined whether this pathway affects inhibitory synapses. Here, we show that activation of NMDARs trigger a NO-dependent pathway that strengthens inhibitory GABAergic synapses of cerebellar molecular layer interneurons. Given the widespread expression of NMDARs and nNOS in the mammalian brain, we speculate that NO control of GABAergic synapse efficacy may be more widespread than has been appreciated.




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Impairment of Pattern Separation of Ambiguous Scenes by Single Units in the CA3 in the Absence of the Dentate Gyrus

Theoretical models and experimental evidence have suggested that connections from the dentate gyrus (DG) to CA3 play important roles in representing orthogonal information (i.e., pattern separation) in the hippocampus. However, the effects of eliminating the DG on neural firing patterns in the CA3 have rarely been tested in a goal-directed memory task that requires both the DG and CA3. In this study, selective lesions in the DG were made using colchicine in male Long–Evans rats, and single units from the CA3 were recorded as the rats performed visual scene memory tasks. The original scenes used in training were altered during testing by blurring to varying degrees or by using visual masks, resulting in maximal recruitment of the DG–CA3 circuits. Compared with controls, the performance of rats with DG lesions was particularly impaired when blurred scenes were used in the task. In addition, the firing rate modulation associated with visual scenes in these rats was significantly reduced in the single units recorded from the CA3 when ambiguous scenes were presented, largely because DG-deprived CA3 cells did not show stepwise, categorical rate changes across varying degrees of scene ambiguity compared with controls. These findings suggest that the DG plays key roles not only during the acquisition of scene memories but also during retrieval when modified visual scenes are processed in conjunction with the CA3 by making the CA3 network respond orthogonally to ambiguous scenes.

SIGNIFICANCE STATEMENT Despite the behavioral evidence supporting the role of the dentate gyrus in pattern separation in the hippocampus, the underlying neural mechanisms are largely unknown. By recording single units from the CA3 in DG-lesioned rats performing a visual scene memory task, we report that the scene-related modulation of neural firing was significantly reduced in the DG-lesion rats compared with controls, especially when the original scene stimuli were ambiguously altered. Our findings suggest that the dentate gyrus plays an essential role during memory retrieval and performs a critical computation to make categorical rate modulation occur in the CA3 between different scenes, especially when ambiguity is present in the environment.




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Somatostatin-Expressing Interneurons in the Auditory Cortex Mediate Sustained Suppression by Spectral Surround

Sensory systems integrate multiple stimulus features to generate coherent percepts. Spectral surround suppression, the phenomenon by which sound-evoked responses of auditory neurons are suppressed by stimuli outside their receptive field, is an example of this integration taking place in the auditory system. While this form of global integration is commonly observed in auditory cortical neurons, and potentially used by the nervous system to separate signals from noise, the mechanisms that underlie this suppression of activity are not well understood. We evaluated the contributions to spectral surround suppression of the two most common inhibitory cell types in the cortex, parvalbumin-expressing (PV+) and somatostatin-expressing (SOM+) interneurons, in mice of both sexes. We found that inactivating SOM+ cells, but not PV+ cells, significantly reduces sustained spectral surround suppression in excitatory cells, indicating a dominant causal role for SOM+ cells in the integration of information across multiple frequencies. The similarity of these results to those from other sensory cortices provides evidence of common mechanisms across the cerebral cortex for generating global percepts from separate features.

SIGNIFICANCE STATEMENT To generate coherent percepts, sensory systems integrate simultaneously occurring features of a stimulus, yet the mechanisms by which this integration occurs are not fully understood. Our results show that neurochemically distinct neuronal subtypes in the primary auditory cortex have different contributions to the integration of different frequency components of an acoustic stimulus. Together with findings from other sensory cortices, our results provide evidence of a common mechanism for cortical computations used for global integration of stimulus features.




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Modulations of Insular Projections by Prior Belief Mediate the Precision of Prediction Error during Tactile Learning

Awareness for surprising sensory events is shaped by prior belief inferred from past experience. Here, we combined hierarchical Bayesian modeling with fMRI on an associative learning task in 28 male human participants to characterize the effect of the prior belief of tactile events on connections mediating the outcome of perceptual decisions. Activity in anterior insular cortex (AIC), premotor cortex (PMd), and inferior parietal lobule (IPL) were modulated by prior belief on unexpected targets compared with expected targets. On expected targets, prior belief decreased the connection strength from AIC to IPL, whereas it increased the connection strength from AIC to PMd when targets were unexpected. Individual differences in the modulatory strength of prior belief on insular projections correlated with the precision that increases the influence of prediction errors on belief updating. These results suggest complementary effects of prior belief on insular-frontoparietal projections mediating the precision of prediction during probabilistic tactile learning.

SIGNIFICANCE STATEMENT In a probabilistic environment, the prior belief of sensory events can be inferred from past experiences. How this prior belief modulates effective brain connectivity for updating expectations for future decision-making remains unexplored. Combining hierarchical Bayesian modeling with fMRI, we show that during tactile associative learning, prior expectations modulate connections originating in the anterior insula cortex and targeting salience-related and attention-related frontoparietal areas (i.e., parietal and premotor cortex). These connections seem to be involved in updating evidence based on the precision of ascending inputs to guide future decision-making.




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Learn how cash transfer programmes improve lives in sub-Saharan Africa and share the infographics

Did you know that cash transfer (CT) programmes in countries of the sub-Saharan Africa actually have a significant impact? In Malawi, these programmes helped families invest in agricultural equipment and livestock to produce their own food and reduce levels of negative coping strategies, like begging and school drop-outs. In Kenya, secondary school attendance rose by 9 percent and access to [...]




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Learn how good food can improve your health

Have you ever wondered if you are getting adequate nutrients from the food you eat? It is a common misconception that malnutrition means not getting enough food. This is, however, incorrect! People who take in insufficient food can be malnourished, but also those who consume too much face the same risks. Malnutrition is defined as “An abnormal physiological condition caused by [...]




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5 critical things we learned from the latest IPCC report on climate change

Today leading international experts on climate change, the IPCC, presented their latest report on the impacts of climate change on humanity, and what we can do about it. It’s a lengthy report, so we’ve shrunk it down to Oxfam's five key takeaways on climate change and hunger. 1. Climate change: the impacts on crops are worse than we thought Climate change has [...]




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Asia-Pacific countries take Zero Hunger Challenge by the horns

The mission for an end to hunger in the world’s most populous region has received a boost, with member countries responding positively to a call by FAO for a “massive effort” to end hunger in Asia and the Pacific. 1. Asia-Pacific is home to nearly two-thirds of the world’s chronically hungry people. |True|     Asia-Pacific, with over 4.2 billion people, is home [...]




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Nutrition on the front burner

Hundreds of millions of people around the world continue to suffer from hunger and malnutrition. Governments are urged to make stronger commitments at November’s Second International Conference on Nutrition (ICN2) to ensure healthier diets for all. That's according to the Food and Agriculture Organization and the World Health Organization of the United Nations. Watch this video to find out the challenges that [...]




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Wrapping up the International Year of Soils

In 2015 we celebrated the “International Year of Soils” and with good reason. Soil sustains all our agricultural and livestock food production, wood for fuel production, filters water so that we can drink it and fish can live in it. We also use it for construction - therefore it sustains our homes and infrastructure. As we approach the end of #IYS [...]




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Quiz - Celebrating International Mountain Day

Mountains provide freshwater and biodiversity, and are a major source of food. By definition, they dominate their surroundings with towering height and protect valleys and their inhabitants. They play a critical part in moving the world towards sustainable economic growth and have a leading role as indicators of climate change. As we celebrate the International Mountain Day, see how much you [...]




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Let the countdown to the International Year of Pulses begin!

10: EtymologyThe word pulse originates directly from the Latin puls meaning "thick gruel, porridge, mush.” 9: Pulses vs legumes, what’s the difference?The term "legume" refers to the plants whose fruit is enclosed in a pod. Pulses are a subgroup of the legume family, but the term “pulse” refers only to the dried seed. Dried beans, lentils and peas are the most commonly known and consumed types [...]




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Recommended: 7 free e-learning courses to bookmark

E-learning was quite the buzzword a couple of decades ago – then when the internet started in earnest it became even more so. Today e-learning is mainstreamed in many organization, including FAO with more than 400 000 learners taking advantage of FAO’s offerings. FAO’s e-learning center offers free interactive courses – in English, French and Spanish - on topics ranging [...]




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Wrapping up the International Year of Pulses

In 2016 we celebrated the International Year of Pulses and it is obvious why. Pulses are good for you, beneficial to farmers' livelihoods and have a positive impact on the environment. It is clear that even though dried beans, lentils and peas have been around for centuries, they will play a fundamental role in our sustainable future. Even though #IYP2016 has [...]




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Returning land, returning peace

“The anniversary of my brother’s death is on the 26 of July. He was killed 27 years ago,” says Robinson Salas. Robinson is one of the millions of people who had been displaced from their homes and their lands by the armed conflict between the Government of Colombia and the FARC (Revolutionary Armed Forces of Colombia) rebel group. This 52-year [...]




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Returning to life as a farmer

Munggah aq Amaq Genap, a 58-year-old farmer from Sekaroh Village in Indonesia, looks serious but content. He has the build of someone who has been a farmer for all his life. Amaq planted corn once a year. If there was rain, his harvest was good. If there wasn’t, his harvest was poor. But with the changes in climate, he was [...]




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FAO releases COVID-19 Q&As to help government policymakers

As the novel coronavirus disease COVID-19 continues to spread, questions have been raised about the potential impact on food supply and availability and on livelihoods around the globe.

FAO



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This Week in The Journal




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This Week in The Journal




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This Week in The Journal




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This Week in The Journal




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This Week in The Journal




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Journal of Neuroscience




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The Green Hornet  2011 ☚ ☚  Wishes it were different, but doesn't have the balls or brains




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Ernie Pook's Comeek #x0




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Rare WWII Submarine Dog Fight Turns Deadly

On February 9, 1945, two submarines are poised to engage in a direct, underwater confrontation. It's the first - and only - underwater submarine dog fight




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poppy quarter led to spy coin warning       [2m53s]


The surprise explanation behind the U.S. government's sensational but false warnings about mysterious Canadian spy coins is the harmless poppy [...]




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California Bats Thrive in Forests Recovering From Wildfires

Wildfires leave behind a patchwork of forest densities that can give bats more room to fly and hunt




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A Buffer Zone Around Saturn May Have Kept It From Swallowing Its Biggest Moon

A new simulation points to a previously untold chapter in Titan’s history




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At 67 Million Years Old, Oldest Modern Bird Ever Found Is Natural 'Turducken'

Remarkable fossil hints at the traits birds evolved just before an asteroid wiped their nonavian dinosaur kin




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How Australia’s Wilderness Is Recovering From Wildfires

Greenery is sprouting from scorched tree trunks as the forests regrow their canopies




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COVID-19 Could Threaten Great Ape Populations, Researchers Warn

No SARS-CoV-2 infections have yet been detected in our closest living relatives. But there is precedent for viruses jumping from people to other great apes




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Researchers Find Two Fornicating Flies Enshrined in 41-Million-Year-Old Amber

A treasure trove of new fossils unearthed in Australia reveals some raunchily-positioned bugs




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Saturn's Auroras Could Help Explain the Weird Amounts of Heat in Its Atmosphere

The planet's temperatures spike around the latitudes where auroras show up




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Take a Virtual Tour of Tate Modern's Andy Warhol Exhibition

The show ran for just five days before the London museum closed due to COVID-19




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Ornately Decorated Eggs Have Been Traded Worldwide for Thousands of Years

A new analysis of ancient ostrich eggs at the British Museum underscores the interconnectedness of the ancient world




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The Museum of Modern Art Now Offers Free Online Classes

The nine classes span contemporary art, fashion and photography




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Astronomers Spy Brightest Supernova Ever Seen

A star 100-times more massive than the sun exploded with 10-times more energy than a normal-sized supernova




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Berlin Artists Turn Their Balconies Into Mini Galleries

Some 50 artists around the Prenzlauer Berg district displayed works of art for passersby to enjoy




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Prickles the Sheep Returns Home After Seven Years on the Lam(b)

After missing years of shears, the voluminous creature had ballooned to about five times the size of a typical sheep




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Dolphins, Surfers and Waves Sparkle in Bright Blue Bioluminescent Glow Off California Coast

A rare bloom of microscopic organisms capable of making their own blue light has transformed several of the state’s beaches




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No, Americans Do Not Need to Panic About 'Murder Hornets'

The Asian giant hornet, seen for the first time in North America in 2019, is unlikely to murder you or U.S. bees, according to a Smithsonian entomologist




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Irish Return Historic Favor by Donating to Native Americans During Pandemic

In 1847, the Choctaw Nation sent $170—more than $5,000 today—to victims of the Irish potato famine




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Archaeologists Discover Teenage Mummy Buried With Trove of Ornate Jewelry

The ancient Egyptian girl was only 15 or 16 years old when she died




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Eight Things We’ve Learned About Moms Since the Last Mother's Day

From pregnancy to birth and beyond, mothers, both animal and human, show off some amazing skills