id	sid	tid	token	lemma	pos
emaj-42	1	1	emerging	emerge	VERB
emaj-42	1	2	markets	market	NOUN
emaj-42	1	3	journal	journal	NOUN
emaj-42	1	4	determinants	determinant	NOUN
emaj-42	1	5	of	of	ADP
emaj-42	1	6	loans	loan	NOUN
emaj-42	1	7	and	and	CCONJ
emaj-42	1	8	deposits	deposit	NOUN
emaj-42	1	9	strategies	strategy	NOUN
emaj-42	1	10	of	of	ADP
emaj-42	1	11	foreign	foreign	ADJ
emaj-42	1	12	bank	bank	NOUN
emaj-42	1	13	subsidiaries	subsidiary	NOUN
emaj-42	1	14	in	in	ADP
emaj-42	1	15	emerging	emerge	VERB
emaj-42	1	16	countries	country	NOUN
emaj-42	1	17	dr	dr	PROPN
emaj-42	1	18	.	.	PROPN
emaj-42	1	19	mehdi	mehdi	PROPN
emaj-42	1	20	mili	mili	PROPN
emaj-42	1	21	isg	isg	PROPN
emaj-42	1	22	sousse	sousse	PROPN
emaj-42	1	23	|	|	PROPN
emaj-42	1	24	e	e	NOUN
emaj-42	1	25	-	-	NOUN
emaj-42	1	26	mail	mail	NOUN
emaj-42	1	27	:	:	PUNCT
emaj-42	1	28	milimehdi@gmail.com	milimehdi@gmail.com	X
emaj-42	2	1	prof	prof	PROPN
emaj-42	2	2	.	.	PUNCT
emaj-42	3	1	jean	jean	PROPN
emaj-42	3	2	-	-	PUNCT
emaj-42	3	3	michel	michel	PROPN
emaj-42	3	4	sahut	sahut	PROPN
emaj-42	3	5	geneva	geneva	PROPN
emaj-42	3	6	school	school	PROPN
emaj-42	3	7	of	of	ADP
emaj-42	3	8	business	business	PROPN
emaj-42	3	9	administration	administration	PROPN
emaj-42	3	10	,	,	PUNCT
emaj-42	3	11	university	university	NOUN
emaj-42	3	12	of	of	ADP
emaj-42	3	13	applied	apply	VERB
emaj-42	3	14	sciences	science	NOUN
emaj-42	3	15	|	|	ADV
emaj-42	3	16	e	e	NOUN
emaj-42	3	17	-	-	NOUN
emaj-42	3	18	mail	mail	NOUN
emaj-42	3	19	:	:	PUNCT
emaj-42	4	1	jmsahut@gmail.com	jmsahut@gmail.com	X
emaj-42	5	1	abstract	abstract	ADJ
emaj-42	5	2	this	this	DET
emaj-42	5	3	paper	paper	NOUN
emaj-42	5	4	focuses	focus	VERB
emaj-42	5	5	on	on	ADP
emaj-42	5	6	the	the	DET
emaj-42	5	7	transmission	transmission	NOUN
emaj-42	5	8	of	of	ADP
emaj-42	5	9	bank	bank	NOUN
emaj-42	5	10	liquidity	liquidity	NOUN
emaj-42	5	11	shocks	shock	NOUN
emaj-42	5	12	in	in	ADP
emaj-42	5	13	loan	loan	NOUN
emaj-42	5	14	and	and	CCONJ
emaj-42	5	15	deposit	deposit	NOUN
emaj-42	5	16	in	in	ADP
emaj-42	5	17	emerging	emerge	VERB
emaj-42	5	18	markets	market	NOUN
emaj-42	5	19	.	.	PUNCT
emaj-42	6	1	first	first	ADV
emaj-42	6	2	,	,	PUNCT
emaj-42	6	3	we	we	PRON
emaj-42	6	4	attempt	attempt	VERB
emaj-42	6	5	to	to	PART
emaj-42	6	6	identify	identify	VERB
emaj-42	6	7	factors	factor	NOUN
emaj-42	6	8	affecting	affect	VERB
emaj-42	6	9	the	the	DET
emaj-42	6	10	credit	credit	NOUN
emaj-42	6	11	strategy	strategy	NOUN
emaj-42	6	12	of	of	ADP
emaj-42	6	13	foreign	foreign	ADJ
emaj-42	6	14	banks	bank	NOUN
emaj-42	6	15	in	in	ADP
emaj-42	6	16	emerging	emerge	VERB
emaj-42	6	17	countries	country	NOUN
emaj-42	6	18	.	.	PUNCT
emaj-42	7	1	second	second	ADJ
emaj-42	7	2	,	,	PUNCT
emaj-42	7	3	we	we	PRON
emaj-42	7	4	test	test	VERB
emaj-42	7	5	whether	whether	SCONJ
emaj-42	7	6	depositors	depositor	NOUN
emaj-42	7	7	exert	exert	VERB
emaj-42	7	8	market	market	NOUN
emaj-42	7	9	discipline	discipline	NOUN
emaj-42	7	10	on	on	ADP
emaj-42	7	11	foreign	foreign	ADJ
emaj-42	7	12	subsidiaries	subsidiary	NOUN
emaj-42	7	13	.	.	PUNCT
emaj-42	8	1	by	by	ADP
emaj-42	8	2	combining	combine	VERB
emaj-42	8	3	financial	financial	ADJ
emaj-42	8	4	variables	variable	NOUN
emaj-42	8	5	of	of	ADP
emaj-42	8	6	subsidiaries	subsidiary	NOUN
emaj-42	8	7	and	and	CCONJ
emaj-42	8	8	their	their	PRON
emaj-42	8	9	parent	parent	NOUN
emaj-42	8	10	banks	bank	NOUN
emaj-42	8	11	and	and	CCONJ
emaj-42	8	12	macroeconomic	macroeconomic	ADJ
emaj-42	8	13	variables	variable	NOUN
emaj-42	8	14	of	of	ADP
emaj-42	8	15	host	host	NOUN
emaj-42	8	16	and	and	CCONJ
emaj-42	8	17	home	home	NOUN
emaj-42	8	18	countries	country	NOUN
emaj-42	8	19	,	,	PUNCT
emaj-42	8	20	we	we	PRON
emaj-42	8	21	investigate	investigate	VERB
emaj-42	8	22	the	the	DET
emaj-42	8	23	factors	factor	NOUN
emaj-42	8	24	that	that	PRON
emaj-42	8	25	may	may	AUX
emaj-42	8	26	affect	affect	VERB
emaj-42	8	27	the	the	DET
emaj-42	8	28	behavior	behavior	NOUN
emaj-42	8	29	of	of	ADP
emaj-42	8	30	depositors	depositor	NOUN
emaj-42	8	31	.	.	PUNCT
emaj-42	9	1	our	our	PRON
emaj-42	9	2	empirical	empirical	ADJ
emaj-42	9	3	approach	approach	NOUN
emaj-42	9	4	is	be	AUX
emaj-42	9	5	based	base	VERB
emaj-42	9	6	on	on	ADP
emaj-42	9	7	a	a	DET
emaj-42	9	8	partial	partial	ADJ
emaj-42	9	9	least	least	ADJ
emaj-42	9	10	squares	square	NOUN
emaj-42	9	11	-	-	PUNCT
emaj-42	9	12	path	path	NOUN
emaj-42	9	13	model	model	NOUN
emaj-42	9	14	that	that	PRON
emaj-42	9	15	allows	allow	VERB
emaj-42	9	16	us	we	PRON
emaj-42	9	17	to	to	PART
emaj-42	9	18	indentify	indentify	VERB
emaj-42	9	19	the	the	DET
emaj-42	9	20	causal	causal	ADJ
emaj-42	9	21	relationships	relationship	NOUN
emaj-42	9	22	between	between	ADP
emaj-42	9	23	the	the	DET
emaj-42	9	24	various	various	ADJ
emaj-42	9	25	groups	group	NOUN
emaj-42	9	26	of	of	ADP
emaj-42	9	27	variables	variable	NOUN
emaj-42	9	28	.	.	PUNCT
emaj-42	10	1	our	our	PRON
emaj-42	10	2	results	result	NOUN
emaj-42	10	3	show	show	VERB
emaj-42	10	4	that	that	SCONJ
emaj-42	10	5	foreign	foreign	ADJ
emaj-42	10	6	bank	bank	NOUN
emaj-42	10	7	lending	lending	NOUN
emaj-42	10	8	is	be	AUX
emaj-42	10	9	determined	determine	VERB
emaj-42	10	10	by	by	ADP
emaj-42	10	11	the	the	DET
emaj-42	10	12	specific	specific	ADJ
emaj-42	10	13	financial	financial	ADJ
emaj-42	10	14	variables	variable	NOUN
emaj-42	10	15	of	of	ADP
emaj-42	10	16	the	the	DET
emaj-42	10	17	parent	parent	NOUN
emaj-42	10	18	bank	bank	NOUN
emaj-42	10	19	and	and	CCONJ
emaj-42	10	20	macroeconomic	macroeconomic	ADJ
emaj-42	10	21	variables	variable	NOUN
emaj-42	10	22	of	of	ADP
emaj-42	10	23	the	the	DET
emaj-42	10	24	country	country	NOUN
emaj-42	10	25	of	of	ADP
emaj-42	10	26	origin	origin	NOUN
emaj-42	10	27	.	.	PUNCT
emaj-42	11	1	this	this	DET
emaj-42	11	2	support	support	NOUN
emaj-42	11	3	that	that	SCONJ
emaj-42	11	4	the	the	DET
emaj-42	11	5	strategy	strategy	NOUN
emaj-42	11	6	's	's	PART
emaj-42	11	7	credit	credit	NOUN
emaj-42	11	8	of	of	ADP
emaj-42	11	9	foreign	foreign	ADJ
emaj-42	11	10	subsidiary	subsidiary	NOUN
emaj-42	11	11	is	be	AUX
emaj-42	11	12	centrally	centrally	ADV
emaj-42	11	13	managed	manage	VERB
emaj-42	11	14	at	at	ADP
emaj-42	11	15	the	the	DET
emaj-42	11	16	parent	parent	NOUN
emaj-42	11	17	bank	bank	PROPN
emaj-42	11	18	and	and	CCONJ
emaj-42	11	19	credit	credit	NOUN
emaj-42	11	20	supply	supply	NOUN
emaj-42	11	21	of	of	ADP
emaj-42	11	22	subsidiaries	subsidiary	NOUN
emaj-42	11	23	depends	depend	VERB
emaj-42	11	24	primary	primary	ADJ
emaj-42	11	25	on	on	ADP
emaj-42	11	26	the	the	DET
emaj-42	11	27	financial	financial	ADJ
emaj-42	11	28	situation	situation	NOUN
emaj-42	11	29	of	of	ADP
emaj-42	11	30	its	its	PRON
emaj-42	11	31	parent	parent	NOUN
emaj-42	11	32	bank	bank	NOUN
emaj-42	11	33	.	.	PUNCT
emaj-42	12	1	finally	finally	ADV
emaj-42	12	2	we	we	PRON
emaj-42	12	3	find	find	VERB
emaj-42	12	4	evidence	evidence	NOUN
emaj-42	12	5	of	of	ADP
emaj-42	12	6	market	market	NOUN
emaj-42	12	7	discipline	discipline	NOUN
emaj-42	12	8	exercised	exercise	VERB
emaj-42	12	9	over	over	ADP
emaj-42	12	10	foreign	foreign	ADJ
emaj-42	12	11	subsidiaries	subsidiary	NOUN
emaj-42	12	12	in	in	ADP
emaj-42	12	13	emerging	emerge	VERB
emaj-42	12	14	countries	country	NOUN
emaj-42	12	15	.	.	PUNCT
emaj-42	13	1	we	we	PRON
emaj-42	13	2	show	show	VERB
emaj-42	13	3	that	that	SCONJ
emaj-42	13	4	market	market	NOUN
emaj-42	13	5	discipline	discipline	NOUN
emaj-42	13	6	is	be	AUX
emaj-42	13	7	strongly	strongly	ADV
emaj-42	13	8	affected	affect	VERB
emaj-42	13	9	by	by	ADP
emaj-42	13	10	the	the	DET
emaj-42	13	11	specific	specific	ADJ
emaj-42	13	12	characteristics	characteristic	NOUN
emaj-42	13	13	of	of	ADP
emaj-42	13	14	the	the	DET
emaj-42	13	15	subsidiary	subsidiary	NOUN
emaj-42	13	16	.	.	PUNCT
emaj-42	14	1	keywords	keyword	NOUN
emaj-42	14	2	:	:	PUNCT
emaj-42	14	3	foreign	foreign	ADJ
emaj-42	14	4	banks	bank	NOUN
emaj-42	14	5	,	,	PUNCT
emaj-42	14	6	credit	credit	NOUN
emaj-42	14	7	supply	supply	NOUN
emaj-42	14	8	,	,	PUNCT
emaj-42	14	9	market	market	NOUN
emaj-42	14	10	discipline	discipline	NOUN
emaj-42	14	11	,	,	PUNCT
emaj-42	14	12	emerging	emerge	VERB
emaj-42	14	13	countries	country	NOUN
emaj-42	14	14	new	new	ADJ
emaj-42	14	15	articles	article	NOUN
emaj-42	14	16	in	in	ADP
emaj-42	14	17	this	this	DET
emaj-42	14	18	journal	journal	NOUN
emaj-42	14	19	are	be	AUX
emaj-42	14	20	licensed	license	VERB
emaj-42	14	21	under	under	ADP
emaj-42	14	22	a	a	DET
emaj-42	14	23	creative	creative	ADJ
emaj-42	14	24	commons	common	NOUN
emaj-42	14	25	attribution	attribution	NOUN
emaj-42	14	26	3.0	3.0	NUM
emaj-42	14	27	united	unite	VERB
emaj-42	14	28	states	states	PROPN
emaj-42	14	29	license	license	NOUN
emaj-42	14	30	.	.	PUNCT
emaj-42	15	1	this	this	DET
emaj-42	15	2	journal	journal	NOUN
emaj-42	15	3	is	be	AUX
emaj-42	15	4	published	publish	VERB
emaj-42	15	5	by	by	ADP
emaj-42	15	6	the	the	DET
emaj-42	15	7	university	university	NOUN
emaj-42	15	8	library	library	NOUN
emaj-42	15	9	system	system	NOUN
emaj-42	15	10	of	of	ADP
emaj-42	15	11	the	the	DET
emaj-42	15	12	university	university	PROPN
emaj-42	15	13	of	of	ADP
emaj-42	15	14	pittsburgh	pittsburgh	PROPN
emaj-42	15	15	as	as	ADP
emaj-42	15	16	part	part	NOUN
emaj-42	15	17	of	of	ADP
emaj-42	15	18	its	its	PRON
emaj-42	15	19	d	d	NOUN
emaj-42	15	20	-	-	PUNCT
emaj-42	15	21	scribe	scribe	VERB
emaj-42	15	22	digital	digital	ADJ
emaj-42	15	23	publishing	publishing	NOUN
emaj-42	15	24	program	program	NOUN
emaj-42	15	25	,	,	PUNCT
emaj-42	15	26	and	and	CCONJ
emaj-42	15	27	is	be	AUX
emaj-42	15	28	cosponsored	cosponsor	VERB
emaj-42	15	29	by	by	ADP
emaj-42	15	30	the	the	DET
emaj-42	15	31	university	university	PROPN
emaj-42	15	32	of	of	ADP
emaj-42	15	33	pittsburgh	pittsburgh	PROPN
emaj-42	15	34	press	press	NOUN
emaj-42	15	35	.	.	PUNCT
emaj-42	16	1	volume	volume	NOUN
emaj-42	16	2	3	3	NUM
emaj-42	16	3	no	no	DET
emaj-42	16	4	2	2	NUM
emaj-42	16	5	(	(	PUNCT
emaj-42	16	6	2013	2013	NUM
emaj-42	16	7	)	)	PUNCT
emaj-42	16	8	|	|	ADV
emaj-42	16	9	issn	issn	VERB
emaj-42	16	10	2158	2158	NUM
emaj-42	16	11	-	-	SYM
emaj-42	16	12	8708	8708	NUM
emaj-42	16	13	(	(	PUNCT
emaj-42	16	14	online	online	NOUN
emaj-42	16	15	)	)	PUNCT
emaj-42	17	1	|	|	ADV
emaj-42	17	2	10.5195	10.5195	NUM
emaj-42	17	3	/	/	SYM
emaj-42	17	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	17	5	|	|	ADV
emaj-42	17	6	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	17	7	mailto:milimehdi@gmail.com	mailto:milimehdi@gmail.com	X
emaj-42	17	8	mailto:jmsahut@gmail.com	mailto:jmsahut@gmail.com	X
emaj-42	18	1	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-42	18	2	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-42	18	3	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-42	18	4	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	PROPN
emaj-42	19	1	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	PROPN
emaj-42	19	2	http://emaj.pitt.edu/	http://emaj.pitt.edu/	ADJ
emaj-42	19	3	determinants	determinant	NOUN
emaj-42	19	4	of	of	ADP
emaj-42	19	5	loans	loan	NOUN
emaj-42	19	6	and	and	CCONJ
emaj-42	19	7	deposits	deposit	NOUN
emaj-42	19	8	strategies	strategy	NOUN
emaj-42	19	9	of	of	ADP
emaj-42	19	10	foreign	foreign	ADJ
emaj-42	19	11	bank	bank	NOUN
emaj-42	19	12	subsidiaries	subsidiary	NOUN
emaj-42	19	13	in	in	ADP
emaj-42	19	14	emerging	emerge	VERB
emaj-42	19	15	countries	country	NOUN
emaj-42	19	16	emerging	emerge	VERB
emaj-42	19	17	markets	market	NOUN
emaj-42	19	18	journal	journal	NOUN
emaj-42	19	19	|	|	ADV
emaj-42	19	20	p	p	NOUN
emaj-42	19	21	a	a	DET
emaj-42	19	22	g	g	NOUN
emaj-42	19	23	e	e	NOUN
emaj-42	19	24	|29	|29	NOUN
emaj-42	19	25	volume	volume	NOUN
emaj-42	19	26	3	3	NUM
emaj-42	19	27	no	no	DET
emaj-42	19	28	2	2	NUM
emaj-42	19	29	(	(	PUNCT
emaj-42	19	30	2013	2013	NUM
emaj-42	19	31	)	)	PUNCT
emaj-42	19	32	|	|	ADV
emaj-42	19	33	issn	issn	VERB
emaj-42	19	34	2158	2158	NUM
emaj-42	19	35	-	-	SYM
emaj-42	19	36	8708	8708	NUM
emaj-42	19	37	(	(	PUNCT
emaj-42	19	38	online	online	NOUN
emaj-42	19	39	)	)	PUNCT
emaj-42	20	1	|	|	ADV
emaj-42	20	2	10.5195	10.5195	NUM
emaj-42	20	3	/	/	SYM
emaj-42	20	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	20	5	|	|	ADV
emaj-42	20	6	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	20	7	determinants	determinant	NOUN
emaj-42	20	8	of	of	ADP
emaj-42	20	9	loans	loan	NOUN
emaj-42	20	10	and	and	CCONJ
emaj-42	20	11	deposits	deposit	NOUN
emaj-42	20	12	strategies	strategy	NOUN
emaj-42	20	13	of	of	ADP
emaj-42	20	14	foreign	foreign	ADJ
emaj-42	20	15	bank	bank	NOUN
emaj-42	20	16	subsidiaries	subsidiary	NOUN
emaj-42	20	17	in	in	ADP
emaj-42	20	18	emerging	emerge	VERB
emaj-42	20	19	countries	country	NOUN
emaj-42	20	20	dr	dr	PROPN
emaj-42	20	21	.	.	PROPN
emaj-42	20	22	mehdi	mehdi	PROPN
emaj-42	20	23	mili	mili	PROPN
emaj-42	20	24	prof	prof	PROPN
emaj-42	20	25	.	.	PUNCT
emaj-42	21	1	jean	jean	PROPN
emaj-42	21	2	-	-	PUNCT
emaj-42	21	3	michel	michel	PROPN
emaj-42	21	4	sahut	sahut	PROPN
emaj-42	21	5	i.	i.	PROPN
emaj-42	21	6	introduction	introduction	NOUN
emaj-42	21	7	the	the	DET
emaj-42	21	8	world	world	NOUN
emaj-42	21	9	today	today	NOUN
emaj-42	21	10	is	be	AUX
emaj-42	21	11	characterized	characterize	VERB
emaj-42	21	12	by	by	ADP
emaj-42	21	13	perfect	perfect	ADJ
emaj-42	21	14	capital	capital	NOUN
emaj-42	21	15	mobility	mobility	NOUN
emaj-42	21	16	which	which	PRON
emaj-42	21	17	has	have	AUX
emaj-42	21	18	accelerated	accelerate	VERB
emaj-42	21	19	the	the	DET
emaj-42	21	20	transmission	transmission	NOUN
emaj-42	21	21	of	of	ADP
emaj-42	21	22	shocks	shock	NOUN
emaj-42	21	23	from	from	ADP
emaj-42	21	24	developed	develop	VERB
emaj-42	21	25	to	to	ADP
emaj-42	21	26	emerging	emerge	VERB
emaj-42	21	27	countries	country	NOUN
emaj-42	21	28	.	.	PUNCT
emaj-42	22	1	in	in	ADP
emaj-42	22	2	the	the	DET
emaj-42	22	3	literature	literature	NOUN
emaj-42	22	4	,	,	PUNCT
emaj-42	22	5	it	it	PRON
emaj-42	22	6	is	be	AUX
emaj-42	22	7	argued	argue	VERB
emaj-42	22	8	that	that	SCONJ
emaj-42	22	9	large	large	ADJ
emaj-42	22	10	banks	bank	NOUN
emaj-42	22	11	have	have	AUX
emaj-42	22	12	played	play	VERB
emaj-42	22	13	an	an	DET
emaj-42	22	14	important	important	ADJ
emaj-42	22	15	role	role	NOUN
emaj-42	22	16	in	in	ADP
emaj-42	22	17	the	the	DET
emaj-42	22	18	transmission	transmission	NOUN
emaj-42	22	19	of	of	ADP
emaj-42	22	20	liquidity	liquidity	NOUN
emaj-42	22	21	shocks	shock	NOUN
emaj-42	22	22	through	through	ADP
emaj-42	22	23	their	their	PRON
emaj-42	22	24	subsidiaries	subsidiary	NOUN
emaj-42	22	25	established	establish	VERB
emaj-42	22	26	in	in	ADP
emaj-42	22	27	foreign	foreign	ADJ
emaj-42	22	28	countries	country	NOUN
emaj-42	22	29	.	.	PUNCT
emaj-42	23	1	thus	thus	ADV
emaj-42	23	2	,	,	PUNCT
emaj-42	23	3	some	some	DET
emaj-42	23	4	studies	study	NOUN
emaj-42	23	5	have	have	AUX
emaj-42	23	6	concluded	conclude	VERB
emaj-42	23	7	that	that	SCONJ
emaj-42	23	8	the	the	DET
emaj-42	23	9	existence	existence	NOUN
emaj-42	23	10	of	of	ADP
emaj-42	23	11	subsidiaries	subsidiary	NOUN
emaj-42	23	12	of	of	ADP
emaj-42	23	13	foreign	foreign	ADJ
emaj-42	23	14	banks	bank	NOUN
emaj-42	23	15	in	in	ADP
emaj-42	23	16	emerging	emerge	VERB
emaj-42	23	17	countries	country	NOUN
emaj-42	23	18	favor	favor	VERB
emaj-42	23	19	the	the	DET
emaj-42	23	20	transmission	transmission	NOUN
emaj-42	23	21	of	of	ADP
emaj-42	23	22	liquidity	liquidity	NOUN
emaj-42	23	23	shocks	shock	NOUN
emaj-42	23	24	to	to	ADP
emaj-42	23	25	banks	bank	NOUN
emaj-42	23	26	from	from	ADP
emaj-42	23	27	developed	develop	VERB
emaj-42	23	28	countries	country	NOUN
emaj-42	23	29	to	to	ADP
emaj-42	23	30	emerging	emerge	VERB
emaj-42	23	31	countries	country	NOUN
emaj-42	23	32	.	.	PUNCT
emaj-42	24	1	haas	haas	PROPN
emaj-42	24	2	and	and	CCONJ
emaj-42	24	3	van	van	PROPN
emaj-42	24	4	lelyveld	lelyveld	PROPN
emaj-42	24	5	(	(	PUNCT
emaj-42	24	6	2010	2010	NUM
emaj-42	24	7	)	)	PUNCT
emaj-42	24	8	show	show	VERB
emaj-42	24	9	that	that	SCONJ
emaj-42	24	10	the	the	DET
emaj-42	24	11	strength	strength	NOUN
emaj-42	24	12	of	of	ADP
emaj-42	24	13	the	the	DET
emaj-42	24	14	parent	parent	NOUN
emaj-42	24	15	bank	bank	NOUN
emaj-42	24	16	is	be	AUX
emaj-42	24	17	an	an	DET
emaj-42	24	18	excellent	excellent	ADJ
emaj-42	24	19	guarantee	guarantee	NOUN
emaj-42	24	20	that	that	PRON
emaj-42	24	21	attracts	attract	VERB
emaj-42	24	22	credit	credit	NOUN
emaj-42	24	23	applications	application	NOUN
emaj-42	24	24	and	and	CCONJ
emaj-42	24	25	deposits	deposit	NOUN
emaj-42	24	26	.	.	PUNCT
emaj-42	25	1	in	in	ADP
emaj-42	25	2	addition	addition	NOUN
emaj-42	25	3	,	,	PUNCT
emaj-42	25	4	the	the	DET
emaj-42	25	5	subsidiary	subsidiary	NOUN
emaj-42	25	6	is	be	AUX
emaj-42	25	7	not	not	PART
emaj-42	25	8	completely	completely	ADV
emaj-42	25	9	autonomous	autonomous	ADJ
emaj-42	25	10	and	and	CCONJ
emaj-42	25	11	is	be	AUX
emaj-42	25	12	part	part	NOUN
emaj-42	25	13	of	of	ADP
emaj-42	25	14	a	a	DET
emaj-42	25	15	group	group	NOUN
emaj-42	25	16	where	where	SCONJ
emaj-42	25	17	the	the	DET
emaj-42	25	18	parent	parent	NOUN
emaj-42	25	19	bank	bank	NOUN
emaj-42	25	20	centrally	centrally	ADV
emaj-42	25	21	manages	manage	VERB
emaj-42	25	22	the	the	DET
emaj-42	25	23	liquidity	liquidity	NOUN
emaj-42	25	24	of	of	ADP
emaj-42	25	25	its	its	PRON
emaj-42	25	26	subsidiaries	subsidiary	NOUN
emaj-42	25	27	.	.	PUNCT
emaj-42	26	1	foreign	foreign	ADJ
emaj-42	26	2	banks	bank	NOUN
emaj-42	26	3	have	have	AUX
emaj-42	26	4	significantly	significantly	ADV
emaj-42	26	5	expanded	expand	VERB
emaj-42	26	6	their	their	PRON
emaj-42	26	7	range	range	NOUN
emaj-42	26	8	of	of	ADP
emaj-42	26	9	activities	activity	NOUN
emaj-42	26	10	in	in	ADP
emaj-42	26	11	emerging	emerge	VERB
emaj-42	26	12	economies	economy	NOUN
emaj-42	26	13	.	.	PUNCT
emaj-42	27	1	traditionally	traditionally	ADV
emaj-42	27	2	,	,	PUNCT
emaj-42	27	3	they	they	PRON
emaj-42	27	4	mainly	mainly	ADV
emaj-42	27	5	offered	offer	VERB
emaj-42	27	6	financial	financial	ADJ
emaj-42	27	7	services	service	NOUN
emaj-42	27	8	to	to	ADP
emaj-42	27	9	international	international	ADJ
emaj-42	27	10	companies	company	NOUN
emaj-42	27	11	.	.	PUNCT
emaj-42	28	1	however	however	ADV
emaj-42	28	2	,	,	PUNCT
emaj-42	28	3	since	since	SCONJ
emaj-42	28	4	the	the	DET
emaj-42	28	5	90s	90	NOUN
emaj-42	28	6	,	,	PUNCT
emaj-42	28	7	they	they	PRON
emaj-42	28	8	are	be	AUX
emaj-42	28	9	increasingly	increasingly	ADV
emaj-42	28	10	attracted	attract	VERB
emaj-42	28	11	by	by	ADP
emaj-42	28	12	the	the	DET
emaj-42	28	13	prospect	prospect	NOUN
emaj-42	28	14	of	of	ADP
emaj-42	28	15	growing	grow	VERB
emaj-42	28	16	profits	profit	NOUN
emaj-42	28	17	in	in	ADP
emaj-42	28	18	local	local	ADJ
emaj-42	28	19	markets	market	NOUN
emaj-42	28	20	.	.	PUNCT
emaj-42	29	1	basically	basically	ADV
emaj-42	29	2	,	,	PUNCT
emaj-42	29	3	foreign	foreign	ADJ
emaj-42	29	4	banks	bank	NOUN
emaj-42	29	5	has	have	VERB
emaj-42	29	6	no	no	ADV
emaj-42	29	7	longer	long	ADV
emaj-42	29	8	a	a	DET
emaj-42	29	9	passive	passive	ADJ
emaj-42	29	10	response	response	NOUN
emaj-42	29	11	quite	quite	ADV
emaj-42	29	12	changing	change	VERB
emaj-42	29	13	needs	need	NOUN
emaj-42	29	14	of	of	ADP
emaj-42	29	15	existing	exist	VERB
emaj-42	29	16	customers	customer	NOUN
emaj-42	29	17	,	,	PUNCT
emaj-42	29	18	but	but	CCONJ
emaj-42	29	19	a	a	DET
emaj-42	29	20	dynamic	dynamic	ADJ
emaj-42	29	21	exploration	exploration	NOUN
emaj-42	29	22	of	of	ADP
emaj-42	29	23	new	new	ADJ
emaj-42	29	24	markets	market	NOUN
emaj-42	29	25	in	in	ADP
emaj-42	29	26	the	the	DET
emaj-42	29	27	host	host	NOUN
emaj-42	29	28	country	country	NOUN
emaj-42	29	29	.	.	PUNCT
emaj-42	30	1	the	the	DET
emaj-42	30	2	distress	distress	NOUN
emaj-42	30	3	of	of	ADP
emaj-42	30	4	many	many	ADJ
emaj-42	30	5	emerging	emerge	VERB
emaj-42	30	6	banking	banking	NOUN
emaj-42	30	7	systems	system	NOUN
emaj-42	30	8	has	have	AUX
emaj-42	30	9	caused	cause	VERB
emaj-42	30	10	the	the	DET
emaj-42	30	11	phenomena	phenomenon	NOUN
emaj-42	30	12	of	of	ADP
emaj-42	30	13	credit	credit	NOUN
emaj-42	30	14	crunch	crunch	NOUN
emaj-42	30	15	,	,	PUNCT
emaj-42	30	16	an	an	DET
emaj-42	30	17	extreme	extreme	ADJ
emaj-42	30	18	form	form	NOUN
emaj-42	30	19	of	of	ADP
emaj-42	30	20	rationing	ration	VERB
emaj-42	30	21	behavior	behavior	NOUN
emaj-42	30	22	.	.	PUNCT
emaj-42	31	1	the	the	DET
emaj-42	31	2	2007	2007	NUM
emaj-42	31	3	-	-	SYM
emaj-42	31	4	2009	2009	NUM
emaj-42	31	5	crisis	crisis	NOUN
emaj-42	31	6	experienced	experience	VERB
emaj-42	31	7	by	by	ADP
emaj-42	31	8	large	large	ADJ
emaj-42	31	9	international	international	ADJ
emaj-42	31	10	banks	bank	NOUN
emaj-42	31	11	brings	bring	VERB
emaj-42	31	12	up	up	ADP
emaj-42	31	13	the	the	DET
emaj-42	31	14	problem	problem	NOUN
emaj-42	31	15	of	of	ADP
emaj-42	31	16	destabilizing	destabilizing	ADJ
emaj-42	31	17	role	role	NOUN
emaj-42	31	18	of	of	ADP
emaj-42	31	19	parent	parent	NOUN
emaj-42	31	20	banks	bank	NOUN
emaj-42	31	21	in	in	ADP
emaj-42	31	22	host	host	NOUN
emaj-42	31	23	countries	country	NOUN
emaj-42	31	24	which	which	PRON
emaj-42	31	25	leads	lead	VERB
emaj-42	31	26	to	to	ADP
emaj-42	31	27	the	the	DET
emaj-42	31	28	vulnerability	vulnerability	NOUN
emaj-42	31	29	of	of	ADP
emaj-42	31	30	their	their	PRON
emaj-42	31	31	banking	banking	NOUN
emaj-42	31	32	systems	system	NOUN
emaj-42	31	33	countries	country	NOUN
emaj-42	31	34	.	.	PUNCT
emaj-42	32	1	pressures	pressure	NOUN
emaj-42	32	2	on	on	ADP
emaj-42	32	3	liquidity	liquidity	NOUN
emaj-42	32	4	and	and	CCONJ
emaj-42	32	5	capital	capital	NOUN
emaj-42	32	6	that	that	PRON
emaj-42	32	7	international	international	ADJ
emaj-42	32	8	banks	bank	NOUN
emaj-42	32	9	undergoing	undergo	VERB
emaj-42	32	10	in	in	ADP
emaj-42	32	11	the	the	DET
emaj-42	32	12	eu	eu	PROPN
emaj-42	32	13	have	have	AUX
emaj-42	32	14	affected	affect	VERB
emaj-42	32	15	national	national	ADJ
emaj-42	32	16	banking	banking	NOUN
emaj-42	32	17	systems	system	NOUN
emaj-42	32	18	of	of	ADP
emaj-42	32	19	central	central	ADJ
emaj-42	32	20	and	and	CCONJ
emaj-42	32	21	eastern	eastern	ADJ
emaj-42	32	22	europe	europe	PROPN
emaj-42	32	23	.	.	PUNCT
emaj-42	33	1	in	in	ADP
emaj-42	33	2	particular	particular	ADJ
emaj-42	33	3	,	,	PUNCT
emaj-42	33	4	liquidity	liquidity	NOUN
emaj-42	33	5	problems	problem	NOUN
emaj-42	33	6	in	in	ADP
emaj-42	33	7	the	the	DET
emaj-42	33	8	parent	parent	NOUN
emaj-42	33	9	companies	company	NOUN
emaj-42	33	10	have	have	VERB
emaj-42	33	11	the	the	DET
emaj-42	33	12	incentive	incentive	NOUN
emaj-42	33	13	to	to	PART
emaj-42	33	14	reduce	reduce	VERB
emaj-42	33	15	the	the	DET
emaj-42	33	16	funding	funding	NOUN
emaj-42	33	17	of	of	ADP
emaj-42	33	18	their	their	PRON
emaj-42	33	19	subsidiaries	subsidiary	NOUN
emaj-42	33	20	in	in	ADP
emaj-42	33	21	cee	cee	PROPN
emaj-42	33	22	.	.	PUNCT
emaj-42	34	1	data	datum	NOUN
emaj-42	34	2	from	from	ADP
emaj-42	34	3	the	the	DET
emaj-42	34	4	bis	bis	PROPN
emaj-42	34	5	bank	bank	NOUN
emaj-42	34	6	lending	lending	NOUN
emaj-42	34	7	by	by	ADP
emaj-42	34	8	foreign	foreign	ADJ
emaj-42	34	9	banks	bank	NOUN
emaj-42	34	10	show	show	VERB
emaj-42	34	11	that	that	SCONJ
emaj-42	34	12	local	local	ADJ
emaj-42	34	13	currency	currency	NOUN
emaj-42	34	14	loans	loan	NOUN
emaj-42	34	15	granted	grant	VERB
emaj-42	34	16	by	by	ADP
emaj-42	34	17	any	any	DET
emaj-42	34	18	subsidiaries	subsidiary	NOUN
emaj-42	34	19	of	of	ADP
emaj-42	34	20	foreign	foreign	ADJ
emaj-42	34	21	banks	bank	NOUN
emaj-42	34	22	cee	cee	PROPN
emaj-42	34	23	declined	decline	VERB
emaj-42	34	24	from	from	ADP
emaj-42	34	25	march	march	PROPN
emaj-42	34	26	2008	2008	NUM
emaj-42	34	27	to	to	ADP
emaj-42	34	28	june	june	PROPN
emaj-42	34	29	2008	2008	NUM
emaj-42	34	30	in	in	ADP
emaj-42	34	31	most	most	ADJ
emaj-42	34	32	emerging	emerge	VERB
emaj-42	34	33	countries	country	NOUN
emaj-42	34	34	in	in	ADP
emaj-42	34	35	central	central	ADJ
emaj-42	34	36	and	and	CCONJ
emaj-42	34	37	eastern	eastern	ADJ
emaj-42	34	38	europe	europe	PROPN
emaj-42	34	39	.	.	PUNCT
emaj-42	35	1	for	for	ADP
emaj-42	35	2	havrylchyk	havrylchyk	NOUN
emaj-42	35	3	(	(	PUNCT
emaj-42	35	4	2009	2009	NUM
emaj-42	35	5	)	)	PUNCT
emaj-42	35	6	,	,	PUNCT
emaj-42	35	7	the	the	DET
emaj-42	35	8	decline	decline	NOUN
emaj-42	35	9	of	of	ADP
emaj-42	35	10	local	local	ADJ
emaj-42	35	11	debt	debt	NOUN
emaj-42	35	12	was	be	AUX
emaj-42	35	13	mainly	mainly	ADV
emaj-42	35	14	due	due	ADJ
emaj-42	35	15	to	to	ADP
emaj-42	35	16	the	the	DET
emaj-42	35	17	deprecation	deprecation	NOUN
emaj-42	35	18	of	of	ADP
emaj-42	35	19	the	the	DET
emaj-42	35	20	currency	currency	NOUN
emaj-42	35	21	and	and	CCONJ
emaj-42	35	22	cross	cross	ADJ
emaj-42	35	23	-	-	ADJ
emaj-42	35	24	border	border	ADJ
emaj-42	35	25	debt	debt	NOUN
emaj-42	35	26	is	be	AUX
emaj-42	35	27	due	due	ADJ
emaj-42	35	28	to	to	ADP
emaj-42	35	29	credit	credit	NOUN
emaj-42	35	30	lines	line	NOUN
emaj-42	35	31	from	from	ADP
emaj-42	35	32	their	their	PRON
emaj-42	35	33	foreign	foreign	ADJ
emaj-42	35	34	subsidiaries	subsidiary	NOUN
emaj-42	35	35	decreased	decrease	VERB
emaj-42	35	36	banks	bank	NOUN
emaj-42	35	37	.	.	PUNCT
emaj-42	36	1	there	there	PRON
emaj-42	36	2	was	be	VERB
emaj-42	36	3	instability	instability	NOUN
emaj-42	36	4	and	and	CCONJ
emaj-42	36	5	movement	movement	NOUN
emaj-42	36	6	of	of	ADP
emaj-42	36	7	bank	bank	NOUN
emaj-42	36	8	capital	capital	NOUN
emaj-42	36	9	and	and	CCONJ
emaj-42	36	10	the	the	DET
emaj-42	36	11	role	role	NOUN
emaj-42	36	12	of	of	ADP
emaj-42	36	13	developed	develop	VERB
emaj-42	36	14	countries	country	NOUN
emaj-42	36	15	of	of	ADP
emaj-42	36	16	the	the	DET
emaj-42	36	17	european	european	PROPN
emaj-42	36	18	community	community	NOUN
emaj-42	36	19	in	in	ADP
emaj-42	36	20	funding	fund	VERB
emaj-42	36	21	foreign	foreign	ADJ
emaj-42	36	22	banks	bank	NOUN
emaj-42	36	23	proved	prove	VERB
emaj-42	36	24	risky	risky	ADJ
emaj-42	36	25	.	.	PUNCT
emaj-42	37	1	while	while	SCONJ
emaj-42	37	2	the	the	DET
emaj-42	37	3	evolution	evolution	NOUN
emaj-42	37	4	of	of	ADP
emaj-42	37	5	foreign	foreign	ADJ
emaj-42	37	6	bank	bank	NOUN
emaj-42	37	7	participation	participation	NOUN
emaj-42	37	8	in	in	ADP
emaj-42	37	9	the	the	DET
emaj-42	37	10	development	development	NOUN
emaj-42	37	11	of	of	ADP
emaj-42	37	12	investment	investment	NOUN
emaj-42	37	13	opportunities	opportunity	NOUN
emaj-42	37	14	and	and	CCONJ
emaj-42	37	15	risks	risk	NOUN
emaj-42	37	16	in	in	ADP
emaj-42	37	17	emerging	emerge	VERB
emaj-42	37	18	economies	economy	NOUN
emaj-42	37	19	,	,	PUNCT
emaj-42	37	20	increased	increase	VERB
emaj-42	37	21	competition	competition	NOUN
emaj-42	37	22	in	in	ADP
emaj-42	37	23	traditional	traditional	ADJ
emaj-42	37	24	markets	market	NOUN
emaj-42	37	25	has	have	AUX
emaj-42	37	26	forced	force	VERB
emaj-42	37	27	international	international	ADJ
emaj-42	37	28	banks	bank	NOUN
emaj-42	37	29	to	to	PART
emaj-42	37	30	seek	seek	VERB
emaj-42	37	31	new	new	ADJ
emaj-42	37	32	areas	area	NOUN
emaj-42	37	33	of	of	ADP
emaj-42	37	34	expansion	expansion	NOUN
emaj-42	37	35	.	.	PUNCT
emaj-42	38	1	improved	improve	VERB
emaj-42	38	2	measurement	measurement	NOUN
emaj-42	38	3	and	and	CCONJ
emaj-42	38	4	risk	risk	NOUN
emaj-42	38	5	management	management	NOUN
emaj-42	38	6	has	have	AUX
emaj-42	38	7	facilitated	facilitate	VERB
emaj-42	38	8	the	the	DET
emaj-42	38	9	development	development	NOUN
emaj-42	38	10	of	of	ADP
emaj-42	38	11	financial	financial	ADJ
emaj-42	38	12	institutions	institution	NOUN
emaj-42	38	13	in	in	ADP
emaj-42	38	14	emerging	emerge	VERB
emaj-42	38	15	countries	country	NOUN
emaj-42	38	16	.	.	PUNCT
emaj-42	39	1	on	on	ADP
emaj-42	39	2	the	the	DET
emaj-42	39	3	one	one	NUM
emaj-42	39	4	hand	hand	NOUN
emaj-42	39	5	,	,	PUNCT
emaj-42	39	6	they	they	PRON
emaj-42	39	7	have	have	AUX
emaj-42	39	8	learned	learn	VERB
emaj-42	39	9	to	to	PART
emaj-42	39	10	quantify	quantify	VERB
emaj-42	39	11	and	and	CCONJ
emaj-42	39	12	manage	manage	VERB
emaj-42	39	13	the	the	DET
emaj-42	39	14	market	market	NOUN
emaj-42	39	15	risks	risk	NOUN
emaj-42	39	16	and	and	CCONJ
emaj-42	39	17	credit	credit	NOUN
emaj-42	39	18	support	support	NOUN
emaj-42	39	19	standard	standard	ADJ
emaj-42	39	20	models	model	NOUN
emaj-42	39	21	.	.	PUNCT
emaj-42	40	1	on	on	ADP
emaj-42	40	2	the	the	DET
emaj-42	40	3	other	other	ADJ
emaj-42	40	4	hand	hand	NOUN
emaj-42	40	5	,	,	PUNCT
emaj-42	40	6	the	the	DET
emaj-42	40	7	consolidation	consolidation	NOUN
emaj-42	40	8	of	of	ADP
emaj-42	40	9	macroeconomic	macroeconomic	ADJ
emaj-42	40	10	policy	policy	NOUN
emaj-42	40	11	frameworks	framework	NOUN
emaj-42	40	12	and	and	CCONJ
emaj-42	40	13	increased	increase	VERB
emaj-42	40	14	reliance	reliance	NOUN
emaj-42	40	15	on	on	ADP
emaj-42	40	16	market	market	NOUN
emaj-42	40	17	forces	force	NOUN
emaj-42	40	18	probably	probably	ADV
emaj-42	40	19	standardized	standardize	VERB
emaj-42	40	20	nature	nature	NOUN
emaj-42	40	21	of	of	ADP
emaj-42	40	22	risks	risk	NOUN
emaj-42	40	23	in	in	ADP
emaj-42	40	24	relation	relation	NOUN
emaj-42	40	25	to	to	ADP
emaj-42	40	26	the	the	DET
emaj-42	40	27	developed	developed	ADJ
emaj-42	40	28	world	world	NOUN
emaj-42	40	29	.	.	PUNCT
emaj-42	41	1	dr	dr	PROPN
emaj-42	41	2	.	.	PROPN
emaj-42	41	3	mehdi	mehdi	PROPN
emaj-42	41	4	mili	mili	PROPN
emaj-42	41	5	,	,	PUNCT
emaj-42	41	6	prof	prof	PROPN
emaj-42	41	7	.	.	PUNCT
emaj-42	41	8	jean	jean	PROPN
emaj-42	41	9	-	-	PUNCT
emaj-42	41	10	michel	michel	PROPN
emaj-42	41	11	sahut	sahut	VERB
emaj-42	41	12	p	p	PRON
emaj-42	41	13	a	a	DET
emaj-42	41	14	g	g	NOUN
emaj-42	41	15	e	e	NOUN
emaj-42	41	16	|	|	ADV
emaj-42	41	17	30|	30|	NUM
emaj-42	41	18	emerging	emerge	VERB
emaj-42	41	19	markets	market	NOUN
emaj-42	41	20	journal	journal	NOUN
emaj-42	41	21	volume	volume	NOUN
emaj-42	41	22	3	3	NUM
emaj-42	41	23	no	no	DET
emaj-42	41	24	2	2	NUM
emaj-42	41	25	(	(	PUNCT
emaj-42	41	26	2013	2013	NUM
emaj-42	41	27	)	)	PUNCT
emaj-42	41	28	|	|	ADV
emaj-42	41	29	issn	issn	VERB
emaj-42	41	30	2158	2158	NUM
emaj-42	41	31	-	-	SYM
emaj-42	41	32	8708	8708	NUM
emaj-42	41	33	(	(	PUNCT
emaj-42	41	34	online	online	NOUN
emaj-42	41	35	)	)	PUNCT
emaj-42	41	36	|	|	ADV
emaj-42	41	37	10.5195	10.5195	NUM
emaj-42	41	38	/	/	SYM
emaj-42	41	39	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	41	40	|	|	ADV
emaj-42	41	41	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	41	42	the	the	DET
emaj-42	41	43	aim	aim	NOUN
emaj-42	41	44	of	of	ADP
emaj-42	41	45	our	our	PRON
emaj-42	41	46	paper	paper	NOUN
emaj-42	41	47	is	be	AUX
emaj-42	41	48	to	to	PART
emaj-42	41	49	identify	identify	VERB
emaj-42	41	50	factors	factor	NOUN
emaj-42	41	51	affecting	affect	VERB
emaj-42	41	52	the	the	DET
emaj-42	41	53	credit	credit	NOUN
emaj-42	41	54	strategy	strategy	NOUN
emaj-42	41	55	of	of	ADP
emaj-42	41	56	foreign	foreign	ADJ
emaj-42	41	57	banks	bank	NOUN
emaj-42	41	58	in	in	ADP
emaj-42	41	59	emerging	emerge	VERB
emaj-42	41	60	countries	country	NOUN
emaj-42	41	61	.	.	PUNCT
emaj-42	42	1	as	as	SCONJ
emaj-42	42	2	has	have	AUX
emaj-42	42	3	been	be	AUX
emaj-42	42	4	suggested	suggest	VERB
emaj-42	42	5	by	by	ADP
emaj-42	42	6	several	several	ADJ
emaj-42	42	7	researchers	researcher	NOUN
emaj-42	42	8	that	that	SCONJ
emaj-42	42	9	one	one	NUM
emaj-42	42	10	possible	possible	ADJ
emaj-42	42	11	way	way	NOUN
emaj-42	42	12	for	for	ADP
emaj-42	42	13	the	the	DET
emaj-42	42	14	reversal	reversal	NOUN
emaj-42	42	15	in	in	ADP
emaj-42	42	16	lending	lending	NOUN
emaj-42	42	17	is	be	AUX
emaj-42	42	18	the	the	DET
emaj-42	42	19	financing	financing	NOUN
emaj-42	42	20	of	of	ADP
emaj-42	42	21	foreign	foreign	ADJ
emaj-42	42	22	banks	bank	NOUN
emaj-42	42	23	,	,	PUNCT
emaj-42	42	24	we	we	PRON
emaj-42	42	25	extend	extend	VERB
emaj-42	42	26	our	our	PRON
emaj-42	42	27	analysis	analysis	NOUN
emaj-42	42	28	to	to	ADP
emaj-42	42	29	more	more	ADJ
emaj-42	42	30	focusing	focus	VERB
emaj-42	42	31	on	on	ADP
emaj-42	42	32	market	market	NOUN
emaj-42	42	33	discipline	discipline	NOUN
emaj-42	42	34	.	.	PUNCT
emaj-42	43	1	in	in	ADP
emaj-42	43	2	particular	particular	ADJ
emaj-42	43	3	,	,	PUNCT
emaj-42	43	4	we	we	PRON
emaj-42	43	5	investigate	investigate	VERB
emaj-42	43	6	whether	whether	SCONJ
emaj-42	43	7	the	the	DET
emaj-42	43	8	characteristics	characteristic	NOUN
emaj-42	43	9	of	of	ADP
emaj-42	43	10	subsidiary	subsidiary	NOUN
emaj-42	43	11	and	and	CCONJ
emaj-42	43	12	parent	parent	NOUN
emaj-42	43	13	bank	bank	NOUN
emaj-42	43	14	can	can	AUX
emaj-42	43	15	explain	explain	VERB
emaj-42	43	16	the	the	DET
emaj-42	43	17	behavior	behavior	NOUN
emaj-42	43	18	of	of	ADP
emaj-42	43	19	deposits	deposit	NOUN
emaj-42	43	20	.	.	PUNCT
emaj-42	44	1	the	the	DET
emaj-42	44	2	problem	problem	NOUN
emaj-42	44	3	of	of	ADP
emaj-42	44	4	transmission	transmission	NOUN
emaj-42	44	5	of	of	ADP
emaj-42	44	6	liquidity	liquidity	NOUN
emaj-42	44	7	shocks	shock	NOUN
emaj-42	44	8	has	have	AUX
emaj-42	44	9	been	be	AUX
emaj-42	44	10	widely	widely	ADV
emaj-42	44	11	discussed	discuss	VERB
emaj-42	44	12	in	in	ADP
emaj-42	44	13	the	the	DET
emaj-42	44	14	context	context	NOUN
emaj-42	44	15	of	of	ADP
emaj-42	44	16	emerging	emerge	VERB
emaj-42	44	17	countries	country	NOUN
emaj-42	44	18	.	.	PUNCT
emaj-42	45	1	major	major	ADJ
emaj-42	45	2	studies	study	NOUN
emaj-42	45	3	in	in	ADP
emaj-42	45	4	this	this	DET
emaj-42	45	5	context	context	NOUN
emaj-42	45	6	show	show	NOUN
emaj-42	45	7	that	that	SCONJ
emaj-42	45	8	the	the	DET
emaj-42	45	9	strategy	strategy	NOUN
emaj-42	45	10	of	of	ADP
emaj-42	45	11	credit	credit	NOUN
emaj-42	45	12	may	may	AUX
emaj-42	45	13	be	be	AUX
emaj-42	45	14	affected	affect	VERB
emaj-42	45	15	by	by	ADP
emaj-42	45	16	specific	specific	ADJ
emaj-42	45	17	characteristics	characteristic	NOUN
emaj-42	45	18	of	of	ADP
emaj-42	45	19	both	both	DET
emaj-42	45	20	subsidiaries	subsidiary	NOUN
emaj-42	45	21	and	and	CCONJ
emaj-42	45	22	parent	parent	NOUN
emaj-42	45	23	banks	bank	NOUN
emaj-42	45	24	.	.	PUNCT
emaj-42	46	1	but	but	CCONJ
emaj-42	46	2	it	it	PRON
emaj-42	46	3	was	be	AUX
emaj-42	46	4	also	also	ADV
emaj-42	46	5	proved	prove	VERB
emaj-42	46	6	that	that	SCONJ
emaj-42	46	7	the	the	DET
emaj-42	46	8	macroeconomic	macroeconomic	ADJ
emaj-42	46	9	conditions	condition	NOUN
emaj-42	46	10	of	of	ADP
emaj-42	46	11	the	the	DET
emaj-42	46	12	country	country	NOUN
emaj-42	46	13	and	and	CCONJ
emaj-42	46	14	the	the	DET
emaj-42	46	15	mother	mother	NOUN
emaj-42	46	16	country	country	NOUN
emaj-42	46	17	home	home	ADV
emaj-42	46	18	may	may	AUX
emaj-42	46	19	also	also	ADV
emaj-42	46	20	affect	affect	VERB
emaj-42	46	21	the	the	DET
emaj-42	46	22	credit	credit	NOUN
emaj-42	46	23	subsidiaries	subsidiary	NOUN
emaj-42	46	24	.	.	PUNCT
emaj-42	47	1	allen	allen	PROPN
emaj-42	47	2	et	et	PROPN
emaj-42	47	3	al.(2012	al.(2012	PROPN
emaj-42	47	4	)	)	PUNCT
emaj-42	47	5	show	show	VERB
emaj-42	47	6	that	that	SCONJ
emaj-42	47	7	foreign	foreign	ADJ
emaj-42	47	8	bank	bank	NOUN
emaj-42	47	9	lending	lending	NOUN
emaj-42	47	10	is	be	AUX
emaj-42	47	11	determined	determine	VERB
emaj-42	47	12	by	by	ADP
emaj-42	47	13	different	different	ADJ
emaj-42	47	14	factors	factor	NOUN
emaj-42	47	15	in	in	ADP
emaj-42	47	16	emerging	emerge	VERB
emaj-42	47	17	markets	market	NOUN
emaj-42	47	18	and	and	CCONJ
emaj-42	47	19	in	in	ADP
emaj-42	47	20	developed	develop	VERB
emaj-42	47	21	countries	country	NOUN
emaj-42	47	22	.	.	PUNCT
emaj-42	48	1	they	they	PRON
emaj-42	48	2	show	show	VERB
emaj-42	48	3	that	that	SCONJ
emaj-42	48	4	parent	parent	NOUN
emaj-42	48	5	bank	bank	NOUN
emaj-42	48	6	fragility	fragility	NOUN
emaj-42	48	7	negatively	negatively	ADV
emaj-42	48	8	affects	affect	VERB
emaj-42	48	9	lending	lending	NOUN
emaj-42	48	10	by	by	ADP
emaj-42	48	11	subsidiaries	subsidiary	NOUN
emaj-42	48	12	.	.	PUNCT
emaj-42	49	1	among	among	ADP
emaj-42	49	2	the	the	DET
emaj-42	49	3	macroeconomic	macroeconomic	ADJ
emaj-42	49	4	variables	variable	NOUN
emaj-42	49	5	,	,	PUNCT
emaj-42	49	6	economic	economic	ADJ
emaj-42	49	7	growth	growth	NOUN
emaj-42	49	8	and	and	CCONJ
emaj-42	49	9	exchange	exchange	NOUN
emaj-42	49	10	rate	rate	NOUN
emaj-42	49	11	matter	matter	NOUN
emaj-42	49	12	only	only	ADV
emaj-42	49	13	for	for	ADP
emaj-42	49	14	developing	develop	VERB
emaj-42	49	15	countries	country	NOUN
emaj-42	49	16	.	.	PUNCT
emaj-42	50	1	furthermore	furthermore	ADV
emaj-42	50	2	,	,	PUNCT
emaj-42	50	3	they	they	PRON
emaj-42	50	4	also	also	ADV
emaj-42	50	5	observe	observe	VERB
emaj-42	50	6	a	a	DET
emaj-42	50	7	significant	significant	ADJ
emaj-42	50	8	impact	impact	NOUN
emaj-42	50	9	of	of	ADP
emaj-42	50	10	market	market	NOUN
emaj-42	50	11	structure	structure	NOUN
emaj-42	50	12	on	on	ADP
emaj-42	50	13	the	the	DET
emaj-42	50	14	lending	lending	NOUN
emaj-42	50	15	growth	growth	NOUN
emaj-42	50	16	in	in	ADP
emaj-42	50	17	the	the	DET
emaj-42	50	18	developing	develop	VERB
emaj-42	50	19	countries	country	NOUN
emaj-42	50	20	.	.	PUNCT
emaj-42	51	1	but	but	CCONJ
emaj-42	51	2	one	one	NUM
emaj-42	51	3	limit	limit	VERB
emaj-42	51	4	their	their	PRON
emaj-42	51	5	models	model	NOUN
emaj-42	51	6	is	be	AUX
emaj-42	51	7	that	that	SCONJ
emaj-42	51	8	macro	macro	ADJ
emaj-42	51	9	variables	variable	NOUN
emaj-42	51	10	of	of	ADP
emaj-42	51	11	emerging	emerge	VERB
emaj-42	51	12	country	country	NOUN
emaj-42	51	13	can	can	AUX
emaj-42	51	14	be	be	AUX
emaj-42	51	15	themselves	themselves	PRON
emaj-42	51	16	affected	affect	VERB
emaj-42	51	17	by	by	ADP
emaj-42	51	18	macroeconomic	macroeconomic	ADJ
emaj-42	51	19	variables	variable	NOUN
emaj-42	51	20	of	of	ADP
emaj-42	51	21	developed	develop	VERB
emaj-42	51	22	country	country	NOUN
emaj-42	51	23	.	.	PUNCT
emaj-42	52	1	similarly	similarly	ADV
emaj-42	52	2	,	,	PUNCT
emaj-42	52	3	the	the	DET
emaj-42	52	4	home	home	NOUN
emaj-42	52	5	country	country	NOUN
emaj-42	52	6	macroeconomic	macroeconomic	ADJ
emaj-42	52	7	variables	variable	NOUN
emaj-42	52	8	can	can	AUX
emaj-42	52	9	also	also	ADV
emaj-42	52	10	affect	affect	VERB
emaj-42	52	11	specific	specific	ADJ
emaj-42	52	12	characteristics	characteristic	NOUN
emaj-42	52	13	of	of	ADP
emaj-42	52	14	the	the	DET
emaj-42	52	15	parent	parent	NOUN
emaj-42	52	16	bank	bank	NOUN
emaj-42	52	17	which	which	PRON
emaj-42	52	18	is	be	AUX
emaj-42	52	19	located	locate	VERB
emaj-42	52	20	in	in	ADP
emaj-42	52	21	a	a	DET
emaj-42	52	22	developed	develop	VERB
emaj-42	52	23	country	country	NOUN
emaj-42	52	24	.	.	PUNCT
emaj-42	53	1	this	this	PRON
emaj-42	53	2	presents	present	VERB
emaj-42	53	3	a	a	DET
emaj-42	53	4	major	major	ADJ
emaj-42	53	5	problem	problem	NOUN
emaj-42	53	6	of	of	ADP
emaj-42	53	7	colinearity	colinearity	NOUN
emaj-42	53	8	between	between	ADP
emaj-42	53	9	the	the	DET
emaj-42	53	10	variables	variable	NOUN
emaj-42	53	11	considered	consider	VERB
emaj-42	53	12	in	in	ADP
emaj-42	53	13	the	the	DET
emaj-42	53	14	same	same	ADJ
emaj-42	53	15	model	model	NOUN
emaj-42	53	16	.	.	PUNCT
emaj-42	54	1	in	in	ADP
emaj-42	54	2	this	this	DET
emaj-42	54	3	study	study	NOUN
emaj-42	54	4	we	we	PRON
emaj-42	54	5	remedy	remedy	VERB
emaj-42	54	6	this	this	DET
emaj-42	54	7	limit	limit	NOUN
emaj-42	54	8	by	by	ADP
emaj-42	54	9	considering	consider	VERB
emaj-42	54	10	a	a	DET
emaj-42	54	11	type	type	NOUN
emaj-42	54	12	econometric	econometric	ADJ
emaj-42	54	13	approach	approach	NOUN
emaj-42	54	14	pls	pls	INTJ
emaj-42	54	15	path	path	NOUN
emaj-42	54	16	which	which	PRON
emaj-42	54	17	will	will	AUX
emaj-42	54	18	allow	allow	VERB
emaj-42	54	19	us	we	PRON
emaj-42	54	20	to	to	PART
emaj-42	54	21	take	take	VERB
emaj-42	54	22	account	account	NOUN
emaj-42	54	23	of	of	ADP
emaj-42	54	24	interdependent	interdependent	ADJ
emaj-42	54	25	relationships	relationship	NOUN
emaj-42	54	26	between	between	ADP
emaj-42	54	27	different	different	ADJ
emaj-42	54	28	groups	group	NOUN
emaj-42	54	29	of	of	ADP
emaj-42	54	30	variables	variable	NOUN
emaj-42	54	31	.	.	PUNCT
emaj-42	55	1	chin	chin	NOUN
emaj-42	55	2	(	(	PUNCT
emaj-42	55	3	2000	2000	NUM
emaj-42	55	4	)	)	PUNCT
emaj-42	55	5	and	and	CCONJ
emaj-42	55	6	esposito	esposito	PROPN
emaj-42	55	7	(	(	PUNCT
emaj-42	55	8	2008	2008	NUM
emaj-42	55	9	)	)	PUNCT
emaj-42	55	10	among	among	ADP
emaj-42	55	11	other	other	ADJ
emaj-42	55	12	show	show	NOUN
emaj-42	55	13	that	that	SCONJ
emaj-42	55	14	the	the	DET
emaj-42	55	15	pls	pls	NOUN
emaj-42	55	16	has	have	AUX
emaj-42	55	17	the	the	DET
emaj-42	55	18	important	important	ADJ
emaj-42	55	19	advantage	advantage	NOUN
emaj-42	55	20	is	be	AUX
emaj-42	55	21	that	that	SCONJ
emaj-42	55	22	that	that	SCONJ
emaj-42	55	23	it	it	PRON
emaj-42	55	24	requires	require	VERB
emaj-42	55	25	no	no	DET
emaj-42	55	26	assumption	assumption	NOUN
emaj-42	55	27	on	on	ADP
emaj-42	55	28	multinormality	multinormality	NOUN
emaj-42	55	29	of	of	ADP
emaj-42	55	30	the	the	DET
emaj-42	55	31	data	datum	NOUN
emaj-42	55	32	.	.	PUNCT
emaj-42	56	1	however	however	ADV
emaj-42	56	2	,	,	PUNCT
emaj-42	56	3	this	this	DET
emaj-42	56	4	condition	condition	NOUN
emaj-42	56	5	is	be	AUX
emaj-42	56	6	rarely	rarely	ADV
emaj-42	56	7	met	meet	VERB
emaj-42	56	8	in	in	ADP
emaj-42	56	9	finance	finance	NOUN
emaj-42	56	10	.	.	PUNCT
emaj-42	57	1	it	it	PRON
emaj-42	57	2	is	be	AUX
emaj-42	57	3	this	this	DET
emaj-42	57	4	advantage	advantage	NOUN
emaj-42	57	5	that	that	PRON
emaj-42	57	6	has	have	AUX
emaj-42	57	7	led	lead	VERB
emaj-42	57	8	us	we	PRON
emaj-42	57	9	to	to	PART
emaj-42	57	10	favor	favor	VERB
emaj-42	57	11	this	this	DET
emaj-42	57	12	approach	approach	NOUN
emaj-42	57	13	in	in	ADP
emaj-42	57	14	the	the	DET
emaj-42	57	15	context	context	NOUN
emaj-42	57	16	of	of	ADP
emaj-42	57	17	our	our	PRON
emaj-42	57	18	practical	practical	ADJ
emaj-42	57	19	application	application	NOUN
emaj-42	57	20	.	.	PUNCT
emaj-42	58	1	the	the	DET
emaj-42	58	2	rest	rest	NOUN
emaj-42	58	3	of	of	ADP
emaj-42	58	4	the	the	DET
emaj-42	58	5	paper	paper	NOUN
emaj-42	58	6	is	be	AUX
emaj-42	58	7	organized	organize	VERB
emaj-42	58	8	as	as	ADP
emaj-42	58	9	follow	follow	NOUN
emaj-42	58	10	.	.	PUNCT
emaj-42	59	1	section	section	NOUN
emaj-42	59	2	2	2	NUM
emaj-42	59	3	presents	present	VERB
emaj-42	59	4	a	a	DET
emaj-42	59	5	literature	literature	NOUN
emaj-42	59	6	review	review	NOUN
emaj-42	59	7	on	on	ADP
emaj-42	59	8	the	the	DET
emaj-42	59	9	role	role	NOUN
emaj-42	59	10	of	of	ADP
emaj-42	59	11	foreign	foreign	ADJ
emaj-42	59	12	affiliates	affiliate	NOUN
emaj-42	59	13	in	in	ADP
emaj-42	59	14	the	the	DET
emaj-42	59	15	transmission	transmission	NOUN
emaj-42	59	16	of	of	ADP
emaj-42	59	17	liquidity	liquidity	NOUN
emaj-42	59	18	socks	sock	NOUN
emaj-42	59	19	in	in	ADP
emaj-42	59	20	emerging	emerge	VERB
emaj-42	59	21	countries	country	NOUN
emaj-42	59	22	.	.	PUNCT
emaj-42	60	1	the	the	DET
emaj-42	60	2	third	third	ADJ
emaj-42	60	3	section	section	NOUN
emaj-42	60	4	describes	describe	VERB
emaj-42	60	5	our	our	PRON
emaj-42	60	6	methodology	methodology	NOUN
emaj-42	60	7	and	and	CCONJ
emaj-42	60	8	the	the	DET
emaj-42	60	9	database	database	NOUN
emaj-42	60	10	used	use	VERB
emaj-42	60	11	in	in	ADP
emaj-42	60	12	this	this	DET
emaj-42	60	13	study	study	NOUN
emaj-42	60	14	.	.	PUNCT
emaj-42	61	1	the	the	DET
emaj-42	61	2	following	follow	VERB
emaj-42	61	3	section	section	NOUN
emaj-42	61	4	provides	provide	VERB
emaj-42	61	5	a	a	DET
emaj-42	61	6	synthesis	synthesis	NOUN
emaj-42	61	7	of	of	ADP
emaj-42	61	8	the	the	DET
emaj-42	61	9	results	result	NOUN
emaj-42	61	10	.	.	PUNCT
emaj-42	62	1	section	section	NOUN
emaj-42	62	2	5	5	NUM
emaj-42	62	3	concludes	conclude	VERB
emaj-42	62	4	.	.	PUNCT
emaj-42	63	1	ii	ii	X
emaj-42	63	2	.	.	PUNCT
emaj-42	64	1	lending	lending	NOUN
emaj-42	64	2	shock	shock	NOUN
emaj-42	64	3	transmission	transmission	NOUN
emaj-42	64	4	to	to	ADP
emaj-42	64	5	emerging	emerge	VERB
emaj-42	64	6	countries	country	NOUN
emaj-42	64	7	by	by	ADP
emaj-42	64	8	bank	bank	NOUN
emaj-42	64	9	subsidiaries	subsidiary	NOUN
emaj-42	64	10	and	and	CCONJ
emaj-42	64	11	market	market	NOUN
emaj-42	64	12	discipline	discipline	NOUN
emaj-42	64	13	a.	a.	NOUN
emaj-42	64	14	lending	lending	NOUN
emaj-42	64	15	shock	shock	NOUN
emaj-42	64	16	transmission	transmission	NOUN
emaj-42	64	17	by	by	ADP
emaj-42	64	18	bank	bank	NOUN
emaj-42	64	19	subsidiaries	subsidiary	NOUN
emaj-42	64	20	the	the	DET
emaj-42	64	21	last	last	ADJ
emaj-42	64	22	financial	financial	ADJ
emaj-42	64	23	crisis	crisis	NOUN
emaj-42	64	24	and	and	CCONJ
emaj-42	64	25	the	the	DET
emaj-42	64	26	need	need	NOUN
emaj-42	64	27	for	for	ADP
emaj-42	64	28	sound	sound	ADJ
emaj-42	64	29	banking	banking	NOUN
emaj-42	64	30	systems	system	NOUN
emaj-42	64	31	have	have	AUX
emaj-42	64	32	opened	open	VERB
emaj-42	64	33	the	the	DET
emaj-42	64	34	opportunities	opportunity	NOUN
emaj-42	64	35	to	to	PART
emaj-42	64	36	invest	invest	VERB
emaj-42	64	37	in	in	ADP
emaj-42	64	38	financial	financial	ADJ
emaj-42	64	39	institutions	institution	NOUN
emaj-42	64	40	and	and	CCONJ
emaj-42	64	41	to	to	PART
emaj-42	64	42	develop	develop	VERB
emaj-42	64	43	activities	activity	NOUN
emaj-42	64	44	in	in	ADP
emaj-42	64	45	emerging	emerge	VERB
emaj-42	64	46	countries	country	NOUN
emaj-42	64	47	.	.	PUNCT
emaj-42	65	1	monetary	monetary	ADJ
emaj-42	65	2	authorities	authority	NOUN
emaj-42	65	3	in	in	ADP
emaj-42	65	4	these	these	DET
emaj-42	65	5	areas	area	NOUN
emaj-42	65	6	attempted	attempt	VERB
emaj-42	65	7	to	to	PART
emaj-42	65	8	overcome	overcome	VERB
emaj-42	65	9	this	this	DET
emaj-42	65	10	crisis	crisis	NOUN
emaj-42	65	11	by	by	ADP
emaj-42	65	12	accelerating	accelerate	VERB
emaj-42	65	13	the	the	DET
emaj-42	65	14	liberalization	liberalization	NOUN
emaj-42	65	15	of	of	ADP
emaj-42	65	16	their	their	PRON
emaj-42	65	17	financial	financial	ADJ
emaj-42	65	18	sectors	sector	NOUN
emaj-42	65	19	to	to	PART
emaj-42	65	20	facilitate	facilitate	VERB
emaj-42	65	21	the	the	DET
emaj-42	65	22	recapitalization	recapitalization	NOUN
emaj-42	65	23	of	of	ADP
emaj-42	65	24	banks	bank	NOUN
emaj-42	65	25	and	and	CCONJ
emaj-42	65	26	the	the	DET
emaj-42	65	27	concentration	concentration	NOUN
emaj-42	65	28	of	of	ADP
emaj-42	65	29	the	the	DET
emaj-42	65	30	banking	banking	NOUN
emaj-42	65	31	sector	sector	NOUN
emaj-42	65	32	.	.	PUNCT
emaj-42	66	1	the	the	DET
emaj-42	66	2	expansion	expansion	NOUN
emaj-42	66	3	of	of	ADP
emaj-42	66	4	credit	credit	NOUN
emaj-42	66	5	via	via	ADP
emaj-42	66	6	foreign	foreign	ADJ
emaj-42	66	7	banks	bank	NOUN
emaj-42	66	8	also	also	ADV
emaj-42	66	9	poses	pose	VERB
emaj-42	66	10	problems	problem	NOUN
emaj-42	66	11	of	of	ADP
emaj-42	66	12	financial	financial	ADJ
emaj-42	66	13	stability	stability	NOUN
emaj-42	66	14	authorities	authority	NOUN
emaj-42	66	15	of	of	ADP
emaj-42	66	16	the	the	DET
emaj-42	66	17	host	host	NOUN
emaj-42	66	18	country	country	NOUN
emaj-42	66	19	.	.	PUNCT
emaj-42	67	1	the	the	DET
emaj-42	67	2	invasion	invasion	NOUN
emaj-42	67	3	of	of	ADP
emaj-42	67	4	the	the	DET
emaj-42	67	5	emerging	emerge	VERB
emaj-42	67	6	country	country	NOUN
emaj-42	67	7	by	by	ADP
emaj-42	67	8	foreign	foreign	ADJ
emaj-42	67	9	banks	bank	NOUN
emaj-42	67	10	had	have	VERB
emaj-42	67	11	direct	direct	ADJ
emaj-42	67	12	effects	effect	NOUN
emaj-42	67	13	on	on	ADP
emaj-42	67	14	the	the	DET
emaj-42	67	15	transmission	transmission	NOUN
emaj-42	67	16	of	of	ADP
emaj-42	67	17	credit	credit	NOUN
emaj-42	67	18	shocks	shock	NOUN
emaj-42	67	19	from	from	ADP
emaj-42	67	20	developed	develop	VERB
emaj-42	67	21	countries	country	NOUN
emaj-42	67	22	to	to	ADP
emaj-42	67	23	developing	develop	VERB
emaj-42	67	24	determinants	determinant	NOUN
emaj-42	67	25	of	of	ADP
emaj-42	67	26	loans	loan	NOUN
emaj-42	67	27	and	and	CCONJ
emaj-42	67	28	deposits	deposit	NOUN
emaj-42	67	29	strategies	strategy	NOUN
emaj-42	67	30	of	of	ADP
emaj-42	67	31	foreign	foreign	ADJ
emaj-42	67	32	bank	bank	NOUN
emaj-42	67	33	subsidiaries	subsidiary	NOUN
emaj-42	67	34	in	in	ADP
emaj-42	67	35	emerging	emerge	VERB
emaj-42	67	36	countries	country	NOUN
emaj-42	67	37	emerging	emerge	VERB
emaj-42	67	38	markets	market	NOUN
emaj-42	67	39	journal	journal	NOUN
emaj-42	67	40	|	|	ADV
emaj-42	67	41	p	p	NOUN
emaj-42	67	42	a	a	DET
emaj-42	67	43	g	g	NOUN
emaj-42	67	44	e	e	X
emaj-42	67	45	|31	|31	X
emaj-42	67	46	volume	volume	NOUN
emaj-42	67	47	3	3	NUM
emaj-42	67	48	no	no	DET
emaj-42	67	49	2	2	NUM
emaj-42	67	50	(	(	PUNCT
emaj-42	67	51	2013	2013	NUM
emaj-42	67	52	)	)	PUNCT
emaj-42	67	53	|	|	ADV
emaj-42	67	54	issn	issn	VERB
emaj-42	67	55	2158	2158	NUM
emaj-42	67	56	-	-	SYM
emaj-42	67	57	8708	8708	NUM
emaj-42	67	58	(	(	PUNCT
emaj-42	67	59	online	online	NOUN
emaj-42	67	60	)	)	PUNCT
emaj-42	68	1	|	|	ADV
emaj-42	68	2	10.5195	10.5195	NUM
emaj-42	68	3	/	/	SYM
emaj-42	68	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	68	5	|	|	ADV
emaj-42	68	6	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-42	68	7	countries	country	NOUN
emaj-42	68	8	.	.	PUNCT
emaj-42	69	1	the	the	DET
emaj-42	69	2	activity	activity	NOUN
emaj-42	69	3	of	of	ADP
emaj-42	69	4	foreign	foreign	ADJ
emaj-42	69	5	banks	bank	NOUN
emaj-42	69	6	is	be	AUX
emaj-42	69	7	strongly	strongly	ADV
emaj-42	69	8	focused	focus	VERB
emaj-42	69	9	on	on	ADP
emaj-42	69	10	lending	lend	VERB
emaj-42	69	11	through	through	ADP
emaj-42	69	12	local	local	ADJ
emaj-42	69	13	institutions	institution	NOUN
emaj-42	69	14	affiliated	affiliate	VERB
emaj-42	69	15	.	.	PUNCT
emaj-42	70	1	the	the	DET
emaj-42	70	2	ratio	ratio	NOUN
emaj-42	70	3	of	of	ADP
emaj-42	70	4	local	local	ADJ
emaj-42	70	5	claims	claim	NOUN
emaj-42	70	6	in	in	ADP
emaj-42	70	7	local	local	ADJ
emaj-42	70	8	currency	currency	NOUN
emaj-42	70	9	on	on	ADP
emaj-42	70	10	the	the	DET
emaj-42	70	11	total	total	ADJ
emaj-42	70	12	foreign	foreign	ADJ
emaj-42	70	13	claims	claim	NOUN
emaj-42	70	14	(	(	PUNCT
emaj-42	70	15	international	international	ADJ
emaj-42	70	16	and	and	CCONJ
emaj-42	70	17	local	local	ADJ
emaj-42	70	18	currency	currency	NOUN
emaj-42	70	19	)	)	PUNCT
emaj-42	70	20	held	hold	VERB
emaj-42	70	21	by	by	ADP
emaj-42	70	22	foreign	foreign	ADJ
emaj-42	70	23	banks	bank	NOUN
emaj-42	70	24	has	have	AUX
emaj-42	70	25	significantly	significantly	ADV
emaj-42	70	26	increased	increase	VERB
emaj-42	70	27	in	in	ADP
emaj-42	70	28	all	all	DET
emaj-42	70	29	emerging	emerge	VERB
emaj-42	70	30	regions	region	NOUN
emaj-42	70	31	.	.	PUNCT
emaj-42	71	1	bank	bank	NOUN
emaj-42	71	2	subsidiaries	subsidiary	NOUN
emaj-42	71	3	may	may	AUX
emaj-42	71	4	affect	affect	VERB
emaj-42	71	5	the	the	DET
emaj-42	71	6	economies	economy	NOUN
emaj-42	71	7	of	of	ADP
emaj-42	71	8	the	the	DET
emaj-42	71	9	emerging	emerge	VERB
emaj-42	71	10	country	country	NOUN
emaj-42	71	11	in	in	ADP
emaj-42	71	12	two	two	NUM
emaj-42	71	13	ways	way	NOUN
emaj-42	71	14	.	.	PUNCT
emaj-42	72	1	first	first	ADV
emaj-42	72	2	,	,	PUNCT
emaj-42	72	3	a	a	DET
emaj-42	72	4	crisis	crisis	NOUN
emaj-42	72	5	liability	liability	NOUN
emaj-42	72	6	that	that	PRON
emaj-42	72	7	often	often	ADV
emaj-42	72	8	occurs	occur	VERB
emaj-42	72	9	as	as	ADP
emaj-42	72	10	banking	banking	NOUN
emaj-42	72	11	panic	panic	NOUN
emaj-42	72	12	and	and	CCONJ
emaj-42	72	13	is	be	AUX
emaj-42	72	14	derived	derive	VERB
emaj-42	72	15	from	from	ADP
emaj-42	72	16	the	the	DET
emaj-42	72	17	random	random	ADJ
emaj-42	72	18	nature	nature	NOUN
emaj-42	72	19	of	of	ADP
emaj-42	72	20	depositor	depositor	NOUN
emaj-42	72	21	’s	’s	PART
emaj-42	72	22	withdrawals	withdrawal	NOUN
emaj-42	72	23	.	.	PUNCT
emaj-42	73	1	this	this	PRON
emaj-42	73	2	is	be	AUX
emaj-42	73	3	based	base	VERB
emaj-42	73	4	on	on	ADP
emaj-42	73	5	the	the	DET
emaj-42	73	6	polarization	polarization	NOUN
emaj-42	73	7	of	of	ADP
emaj-42	73	8	depositors	depositor	NOUN
emaj-42	73	9	’	’	PART
emaj-42	73	10	expectations	expectation	NOUN
emaj-42	73	11	and	and	CCONJ
emaj-42	73	12	surely	surely	ADV
emaj-42	73	13	marks	mark	VERB
emaj-42	73	14	the	the	DET
emaj-42	73	15	limits	limit	NOUN
emaj-42	73	16	of	of	ADP
emaj-42	73	17	the	the	DET
emaj-42	73	18	policy	policy	NOUN
emaj-42	73	19	’s	’s	PART
emaj-42	73	20	deployment	deployment	NOUN
emaj-42	73	21	banking	banking	NOUN
emaj-42	73	22	strictly	strictly	ADV
emaj-42	73	23	individual	individual	ADJ
emaj-42	73	24	.	.	PUNCT
emaj-42	74	1	second	second	ADJ
emaj-42	74	2	,	,	PUNCT
emaj-42	74	3	a	a	DET
emaj-42	74	4	crisis	crisis	NOUN
emaj-42	74	5	of	of	ADP
emaj-42	74	6	assets	asset	NOUN
emaj-42	74	7	which	which	PRON
emaj-42	74	8	is	be	AUX
emaj-42	74	9	due	due	ADJ
emaj-42	74	10	to	to	ADP
emaj-42	74	11	the	the	DET
emaj-42	74	12	irreversibility	irreversibility	NOUN
emaj-42	74	13	of	of	ADP
emaj-42	74	14	the	the	DET
emaj-42	74	15	lending	lending	NOUN
emaj-42	74	16	relationship	relationship	NOUN
emaj-42	74	17	:	:	PUNCT
emaj-42	74	18	if	if	SCONJ
emaj-42	74	19	a	a	DET
emaj-42	74	20	negative	negative	ADJ
emaj-42	74	21	shock	shock	NOUN
emaj-42	74	22	affects	affect	VERB
emaj-42	74	23	the	the	DET
emaj-42	74	24	profitability	profitability	NOUN
emaj-42	74	25	or	or	CCONJ
emaj-42	74	26	chronic	chronic	ADJ
emaj-42	74	27	repayments	repayment	NOUN
emaj-42	74	28	for	for	ADP
emaj-42	74	29	loans	loan	NOUN
emaj-42	74	30	already	already	ADV
emaj-42	74	31	made	make	VERB
emaj-42	74	32	,	,	PUNCT
emaj-42	74	33	then	then	ADV
emaj-42	74	34	the	the	DET
emaj-42	74	35	bank	bank	NOUN
emaj-42	74	36	is	be	AUX
emaj-42	74	37	facing	face	VERB
emaj-42	74	38	a	a	DET
emaj-42	74	39	liquidity	liquidity	NOUN
emaj-42	74	40	risk	risk	NOUN
emaj-42	74	41	,	,	PUNCT
emaj-42	74	42	which	which	PRON
emaj-42	74	43	itself	itself	PRON
emaj-42	74	44	may	may	AUX
emaj-42	74	45	cause	cause	VERB
emaj-42	74	46	a	a	DET
emaj-42	74	47	race	race	NOUN
emaj-42	74	48	to	to	ADP
emaj-42	74	49	liquidity	liquidity	NOUN
emaj-42	74	50	.	.	PUNCT
emaj-42	75	1	loans	loan	NOUN
emaj-42	75	2	of	of	ADP
emaj-42	75	3	subsidiaries	subsidiary	NOUN
emaj-42	75	4	contribute	contribute	VERB
emaj-42	75	5	to	to	ADP
emaj-42	75	6	the	the	DET
emaj-42	75	7	financing	financing	NOUN
emaj-42	75	8	of	of	ADP
emaj-42	75	9	the	the	DET
emaj-42	75	10	growing	grow	VERB
emaj-42	75	11	demand	demand	NOUN
emaj-42	75	12	for	for	ADP
emaj-42	75	13	domestic	domestic	ADJ
emaj-42	75	14	credit	credit	NOUN
emaj-42	75	15	.	.	PUNCT
emaj-42	76	1	heavy	heavy	ADJ
emaj-42	76	2	dependence	dependence	NOUN
emaj-42	76	3	on	on	ADP
emaj-42	76	4	external	external	ADJ
emaj-42	76	5	capital	capital	NOUN
emaj-42	76	6	exposes	expose	VERB
emaj-42	76	7	the	the	DET
emaj-42	76	8	foreign	foreign	ADJ
emaj-42	76	9	subsidiaries	subsidiary	NOUN
emaj-42	76	10	to	to	ADP
emaj-42	76	11	the	the	DET
emaj-42	76	12	risk	risk	NOUN
emaj-42	76	13	of	of	ADP
emaj-42	76	14	non	non	ADJ
emaj-42	76	15	-	-	NOUN
emaj-42	76	16	renewal	renewal	NOUN
emaj-42	76	17	of	of	ADP
emaj-42	76	18	funding	funding	NOUN
emaj-42	76	19	,	,	PUNCT
emaj-42	76	20	even	even	ADV
emaj-42	76	21	at	at	ADP
emaj-42	76	22	the	the	DET
emaj-42	76	23	risk	risk	NOUN
emaj-42	76	24	of	of	ADP
emaj-42	76	25	sudden	sudden	ADJ
emaj-42	76	26	withdrawal	withdrawal	NOUN
emaj-42	76	27	of	of	ADP
emaj-42	76	28	capital	capital	NOUN
emaj-42	76	29	.	.	PUNCT
emaj-42	77	1	the	the	DET
emaj-42	77	2	experienced	experienced	ADJ
emaj-42	77	3	liquidity	liquidity	NOUN
emaj-42	77	4	crisis	crisis	NOUN
emaj-42	77	5	by	by	ADP
emaj-42	77	6	the	the	DET
emaj-42	77	7	global	global	ADJ
emaj-42	77	8	banking	banking	NOUN
emaj-42	77	9	system	system	NOUN
emaj-42	77	10	during	during	ADP
emaj-42	77	11	the	the	DET
emaj-42	77	12	financial	financial	ADJ
emaj-42	77	13	year	year	NOUN
emaj-42	77	14	2008	2008	NUM
emaj-42	77	15	-	-	SYM
emaj-42	77	16	2009	2009	NUM
emaj-42	77	17	had	have	AUX
emaj-42	77	18	particularly	particularly	ADV
emaj-42	77	19	affected	affect	VERB
emaj-42	77	20	muslim	muslim	ADJ
emaj-42	77	21	countries	country	NOUN
emaj-42	77	22	.	.	PUNCT
emaj-42	78	1	financing	finance	VERB
emaj-42	78	2	difficulties	difficulty	NOUN
emaj-42	78	3	of	of	ADP
emaj-42	78	4	parent	parent	NOUN
emaj-42	78	5	bank	bank	NOUN
emaj-42	78	6	and	and	CCONJ
emaj-42	78	7	risk	risk	NOUN
emaj-42	78	8	premiums	premium	NOUN
emaj-42	78	9	rising	rise	VERB
emaj-42	78	10	have	have	AUX
emaj-42	78	11	reduced	reduce	VERB
emaj-42	78	12	funding	funding	NOUN
emaj-42	78	13	for	for	ADP
emaj-42	78	14	subsidiaries	subsidiary	NOUN
emaj-42	78	15	.	.	PUNCT
emaj-42	79	1	in	in	ADP
emaj-42	79	2	addition	addition	NOUN
emaj-42	79	3	,	,	PUNCT
emaj-42	79	4	the	the	DET
emaj-42	79	5	deterioration	deterioration	NOUN
emaj-42	79	6	of	of	ADP
emaj-42	79	7	the	the	DET
emaj-42	79	8	general	general	ADJ
emaj-42	79	9	economic	economic	ADJ
emaj-42	79	10	situation	situation	NOUN
emaj-42	79	11	led	lead	VERB
emaj-42	79	12	foreign	foreign	ADJ
emaj-42	79	13	banks	bank	NOUN
emaj-42	79	14	to	to	PART
emaj-42	79	15	re	re	VERB
emaj-42	79	16	-	-	VERB
emaj-42	79	17	evaluate	evaluate	VERB
emaj-42	79	18	the	the	DET
emaj-42	79	19	risks	risk	NOUN
emaj-42	79	20	in	in	ADP
emaj-42	79	21	host	host	NOUN
emaj-42	79	22	markets	market	NOUN
emaj-42	79	23	and	and	CCONJ
emaj-42	79	24	tougher	tough	ADJ
emaj-42	79	25	lending	lending	NOUN
emaj-42	79	26	conditions	condition	NOUN
emaj-42	79	27	abroad	abroad	ADV
emaj-42	79	28	.	.	PUNCT
emaj-42	80	1	arvai	arvai	VERB
emaj-42	80	2	et	et	PROPN
emaj-42	80	3	al	al	PROPN
emaj-42	80	4	.	.	PROPN
emaj-42	81	1	(	(	PUNCT
emaj-42	81	2	2009	2009	NUM
emaj-42	81	3	)	)	PUNCT
emaj-42	81	4	present	present	VERB
emaj-42	81	5	different	different	ADJ
emaj-42	81	6	two	two	NUM
emaj-42	81	7	contagious	contagious	ADJ
emaj-42	81	8	channels	channel	NOUN
emaj-42	81	9	that	that	PRON
emaj-42	81	10	can	can	AUX
emaj-42	81	11	be	be	AUX
emaj-42	81	12	carried	carry	VERB
emaj-42	81	13	through	through	ADP
emaj-42	81	14	inter	inter	ADJ
emaj-42	81	15	-	-	ADJ
emaj-42	81	16	bank	bank	ADJ
emaj-42	81	17	linkages	linkage	NOUN
emaj-42	81	18	and	and	CCONJ
emaj-42	81	19	relationships	relationship	NOUN
emaj-42	81	20	’	'	PUNCT
emaj-42	81	21	parent	parent	NOUN
emaj-42	81	22	/	/	SYM
emaj-42	81	23	subsidiaries	subsidiary	NOUN
emaj-42	81	24	.	.	PUNCT
emaj-42	82	1	the	the	DET
emaj-42	82	2	first	first	ADJ
emaj-42	82	3	channel	channel	NOUN
emaj-42	82	4	,	,	PUNCT
emaj-42	82	5	the	the	DET
emaj-42	82	6	problems	problem	NOUN
emaj-42	82	7	of	of	ADP
emaj-42	82	8	liquidity	liquidity	NOUN
emaj-42	82	9	or	or	CCONJ
emaj-42	82	10	solvency	solvency	NOUN
emaj-42	82	11	of	of	ADP
emaj-42	82	12	a	a	DET
emaj-42	82	13	subsidiary	subsidiary	NOUN
emaj-42	82	14	may	may	AUX
emaj-42	82	15	affect	affect	VERB
emaj-42	82	16	its	its	PRON
emaj-42	82	17	parent	parent	NOUN
emaj-42	82	18	,	,	PUNCT
emaj-42	82	19	which	which	PRON
emaj-42	82	20	feeds	feed	VERB
emaj-42	82	21	back	back	ADV
emaj-42	82	22	on	on	ADP
emaj-42	82	23	its	its	PRON
emaj-42	82	24	other	other	ADJ
emaj-42	82	25	subsidiaries	subsidiary	NOUN
emaj-42	82	26	in	in	ADP
emaj-42	82	27	other	other	ADJ
emaj-42	82	28	host	host	NOUN
emaj-42	82	29	countries	country	NOUN
emaj-42	82	30	through	through	ADP
emaj-42	82	31	the	the	DET
emaj-42	82	32	channel	channel	NOUN
emaj-42	82	33	of	of	ADP
emaj-42	82	34	the	the	DET
emaj-42	82	35	common	common	ADJ
emaj-42	82	36	creditor	creditor	NOUN
emaj-42	82	37	.	.	PUNCT
emaj-42	83	1	the	the	DET
emaj-42	83	2	parent	parent	NOUN
emaj-42	83	3	banks	bank	NOUN
emaj-42	83	4	of	of	ADP
emaj-42	83	5	subsidiaries	subsidiary	NOUN
emaj-42	83	6	operating	operate	VERB
emaj-42	83	7	in	in	ADP
emaj-42	83	8	host	host	NOUN
emaj-42	83	9	countries	country	NOUN
emaj-42	83	10	are	be	AUX
emaj-42	83	11	in	in	ADP
emaj-42	83	12	spin	spin	NOUN
emaj-42	83	13	affected	affect	VERB
emaj-42	83	14	.	.	PUNCT
emaj-42	84	1	a	a	DET
emaj-42	84	2	variant	variant	NOUN
emaj-42	84	3	of	of	ADP
emaj-42	84	4	this	this	DET
emaj-42	84	5	channel	channel	NOUN
emaj-42	84	6	implies	imply	VERB
emaj-42	84	7	also	also	ADV
emaj-42	84	8	that	that	SCONJ
emaj-42	84	9	subsidiary	subsidiary	NOUN
emaj-42	84	10	wants	want	VERB
emaj-42	84	11	to	to	PART
emaj-42	84	12	reduce	reduce	VERB
emaj-42	84	13	its	its	PRON
emaj-42	84	14	exposure	exposure	NOUN
emaj-42	84	15	,	,	PUNCT
emaj-42	84	16	for	for	ADP
emaj-42	84	17	reasons	reason	NOUN
emaj-42	84	18	of	of	ADP
emaj-42	84	19	portfolio	portfolio	NOUN
emaj-42	84	20	diversification	diversification	NOUN
emaj-42	84	21	.	.	PUNCT
emaj-42	85	1	this	this	PRON
emaj-42	85	2	translates	translate	VERB
emaj-42	85	3	withdrawals	withdrawal	NOUN
emaj-42	85	4	of	of	ADP
emaj-42	85	5	deposits	deposit	NOUN
emaj-42	85	6	or	or	CCONJ
emaj-42	85	7	the	the	DET
emaj-42	85	8	rising	rise	VERB
emaj-42	85	9	cost	cost	NOUN
emaj-42	85	10	of	of	ADP
emaj-42	85	11	financing	finance	VERB
emaj-42	85	12	the	the	DET
emaj-42	85	13	subsidiary	subsidiary	NOUN
emaj-42	85	14	,	,	PUNCT
emaj-42	85	15	which	which	PRON
emaj-42	85	16	can	can	AUX
emaj-42	85	17	cause	cause	VERB
emaj-42	85	18	liquidity	liquidity	NOUN
emaj-42	85	19	problems	problem	NOUN
emaj-42	85	20	and	and	CCONJ
emaj-42	85	21	affect	affect	VERB
emaj-42	85	22	,	,	PUNCT
emaj-42	85	23	through	through	ADP
emaj-42	85	24	the	the	DET
emaj-42	85	25	money	money	NOUN
emaj-42	85	26	market	market	NOUN
emaj-42	85	27	,	,	PUNCT
emaj-42	85	28	other	other	ADJ
emaj-42	85	29	banks	bank	NOUN
emaj-42	85	30	in	in	ADP
emaj-42	85	31	the	the	DET
emaj-42	85	32	host	host	NOUN
emaj-42	85	33	country	country	NOUN
emaj-42	85	34	,	,	PUNCT
emaj-42	85	35	as	as	ADV
emaj-42	85	36	well	well	ADV
emaj-42	85	37	as	as	ADP
emaj-42	85	38	their	their	PRON
emaj-42	85	39	parent	parent	NOUN
emaj-42	85	40	and	and	CCONJ
emaj-42	85	41	the	the	DET
emaj-42	85	42	markets	market	NOUN
emaj-42	85	43	in	in	ADP
emaj-42	85	44	which	which	PRON
emaj-42	85	45	they	they	PRON
emaj-42	85	46	are	be	AUX
emaj-42	85	47	active	active	ADJ
emaj-42	85	48	.	.	PUNCT
emaj-42	86	1	the	the	DET
emaj-42	86	2	second	second	ADJ
emaj-42	86	3	channel	channel	NOUN
emaj-42	86	4	,	,	PUNCT
emaj-42	86	5	the	the	DET
emaj-42	86	6	problems	problem	NOUN
emaj-42	86	7	of	of	ADP
emaj-42	86	8	liquidity	liquidity	NOUN
emaj-42	86	9	or	or	CCONJ
emaj-42	86	10	solvency	solvency	NOUN
emaj-42	86	11	of	of	ADP
emaj-42	86	12	the	the	DET
emaj-42	86	13	parent	parent	NOUN
emaj-42	86	14	affect	affect	VERB
emaj-42	86	15	its	its	PRON
emaj-42	86	16	subsidiaries	subsidiary	NOUN
emaj-42	86	17	,	,	PUNCT
emaj-42	86	18	which	which	PRON
emaj-42	86	19	is	be	AUX
emaj-42	86	20	propagated	propagate	VERB
emaj-42	86	21	by	by	ADP
emaj-42	86	22	inter	inter	ADJ
emaj-42	86	23	-	-	ADJ
emaj-42	86	24	bank	bank	ADJ
emaj-42	86	25	linkages	linkage	NOUN
emaj-42	86	26	or	or	CCONJ
emaj-42	86	27	through	through	ADP
emaj-42	86	28	distrust	distrust	NOUN
emaj-42	86	29	in	in	ADP
emaj-42	86	30	the	the	DET
emaj-42	86	31	banking	banking	NOUN
emaj-42	86	32	system	system	NOUN
emaj-42	86	33	,	,	PUNCT
emaj-42	86	34	the	the	DET
emaj-42	86	35	banks	bank	NOUN
emaj-42	86	36	of	of	ADP
emaj-42	86	37	the	the	DET
emaj-42	86	38	host	host	NOUN
emaj-42	86	39	country	country	NOUN
emaj-42	86	40	,	,	PUNCT
emaj-42	86	41	and	and	CCONJ
emaj-42	86	42	,	,	PUNCT
emaj-42	86	43	in	in	ADP
emaj-42	86	44	turn	turn	NOUN
emaj-42	86	45	,	,	PUNCT
emaj-42	86	46	impact	impact	VERB
emaj-42	86	47	their	their	PRON
emaj-42	86	48	respective	respective	ADJ
emaj-42	86	49	parent	parent	NOUN
emaj-42	86	50	companies	company	NOUN
emaj-42	86	51	.	.	PUNCT
emaj-42	87	1	shnabl	shnabl	PROPN
emaj-42	87	2	(	(	PUNCT
emaj-42	87	3	2011	2011	NUM
emaj-42	87	4	)	)	PUNCT
emaj-42	87	5	suggests	suggest	VERB
emaj-42	87	6	that	that	SCONJ
emaj-42	87	7	the	the	DET
emaj-42	87	8	efficient	efficient	ADJ
emaj-42	87	9	market	market	NOUN
emaj-42	87	10	theory	theory	NOUN
emaj-42	87	11	suggests	suggest	VERB
emaj-42	87	12	that	that	SCONJ
emaj-42	87	13	as	as	ADV
emaj-42	87	14	long	long	ADV
emaj-42	87	15	as	as	SCONJ
emaj-42	87	16	investment	investment	NOUN
emaj-42	87	17	opportunities	opportunity	NOUN
emaj-42	87	18	are	be	AUX
emaj-42	87	19	constant	constant	ADJ
emaj-42	87	20	,	,	PUNCT
emaj-42	87	21	shocks	shock	NOUN
emaj-42	87	22	to	to	ADP
emaj-42	87	23	financial	financial	ADJ
emaj-42	87	24	institutions	institution	NOUN
emaj-42	87	25	in	in	ADP
emaj-42	87	26	one	one	NUM
emaj-42	87	27	market	market	NOUN
emaj-42	87	28	should	should	AUX
emaj-42	87	29	not	not	PART
emaj-42	87	30	affect	affect	VERB
emaj-42	87	31	lending	lending	NOUN
emaj-42	87	32	in	in	ADP
emaj-42	87	33	other	other	ADJ
emaj-42	87	34	markets	market	NOUN
emaj-42	87	35	.	.	PUNCT
emaj-42	88	1	then	then	ADV
emaj-42	88	2	,	,	PUNCT
emaj-42	88	3	if	if	SCONJ
emaj-42	88	4	financing	financing	NOUN
emaj-42	88	5	frictions	friction	NOUN
emaj-42	88	6	prevent	prevent	VERB
emaj-42	88	7	financial	financial	ADJ
emaj-42	88	8	institutions	institution	NOUN
emaj-42	88	9	from	from	ADP
emaj-42	88	10	accessing	access	VERB
emaj-42	88	11	alternative	alternative	ADJ
emaj-42	88	12	financing	financing	NOUN
emaj-42	88	13	sources	source	NOUN
emaj-42	88	14	to	to	PART
emaj-42	88	15	cover	cover	VERB
emaj-42	88	16	shortfalls	shortfall	NOUN
emaj-42	88	17	,	,	PUNCT
emaj-42	88	18	then	then	ADV
emaj-42	88	19	liquidity	liquidity	NOUN
emaj-42	88	20	shocks	shock	NOUN
emaj-42	88	21	in	in	ADP
emaj-42	88	22	one	one	NUM
emaj-42	88	23	market	market	NOUN
emaj-42	88	24	may	may	AUX
emaj-42	88	25	affect	affect	VERB
emaj-42	88	26	lending	lending	NOUN
emaj-42	88	27	in	in	ADP
emaj-42	88	28	other	other	ADJ
emaj-42	88	29	markets	market	NOUN
emaj-42	88	30	.	.	PUNCT
emaj-42	89	1	cetorelli	cetorelli	PROPN
emaj-42	89	2	and	and	CCONJ
emaj-42	89	3	goldberg	goldberg	PROPN
emaj-42	89	4	(	(	PUNCT
emaj-42	89	5	2012	2012	NUM
emaj-42	89	6	)	)	PUNCT
emaj-42	89	7	show	show	VERB
emaj-42	89	8	that	that	SCONJ
emaj-42	89	9	the	the	DET
emaj-42	89	10	critical	critical	ADJ
emaj-42	89	11	description	description	NOUN
emaj-42	89	12	of	of	ADP
emaj-42	89	13	the	the	DET
emaj-42	89	14	bank	bank	NOUN
emaj-42	89	15	lending	lending	NOUN
emaj-42	89	16	channel	channel	NOUN
emaj-42	89	17	is	be	AUX
emaj-42	89	18	that	that	SCONJ
emaj-42	89	19	banks	bank	NOUN
emaj-42	89	20	’	'	PUNCT
emaj-42	89	21	experience	experience	NOUN
emaj-42	89	22	of	of	ADP
emaj-42	89	23	a	a	DET
emaj-42	89	24	funding	funding	NOUN
emaj-42	89	25	shock	shock	NOUN
emaj-42	89	26	.	.	PUNCT
emaj-42	90	1	if	if	SCONJ
emaj-42	90	2	they	they	PRON
emaj-42	90	3	can	can	AUX
emaj-42	90	4	not	not	PART
emaj-42	90	5	substitute	substitute	VERB
emaj-42	90	6	liabilities	liability	NOUN
emaj-42	90	7	with	with	ADP
emaj-42	90	8	other	other	ADJ
emaj-42	90	9	external	external	ADJ
emaj-42	90	10	funding	funding	NOUN
emaj-42	90	11	sources	source	NOUN
emaj-42	90	12	,	,	PUNCT
emaj-42	90	13	such	such	ADJ
emaj-42	90	14	as	as	ADP
emaj-42	90	15	by	by	ADP
emaj-42	90	16	issuing	issue	VERB
emaj-42	90	17	certificates	certificate	NOUN
emaj-42	90	18	of	of	ADP
emaj-42	90	19	deposit	deposit	NOUN
emaj-42	90	20	or	or	CCONJ
emaj-42	90	21	attracting	attract	VERB
emaj-42	90	22	money	money	NOUN
emaj-42	90	23	market	market	NOUN
emaj-42	90	24	funds	fund	NOUN
emaj-42	90	25	,	,	PUNCT
emaj-42	90	26	the	the	DET
emaj-42	90	27	shock	shock	NOUN
emaj-42	90	28	is	be	AUX
emaj-42	90	29	transmitted	transmit	VERB
emaj-42	90	30	to	to	ADP
emaj-42	90	31	the	the	DET
emaj-42	90	32	asset	asset	NOUN
emaj-42	90	33	’s	’s	PART
emaj-42	90	34	side	side	NOUN
emaj-42	90	35	of	of	ADP
emaj-42	90	36	their	their	PRON
emaj-42	90	37	balance	balance	NOUN
emaj-42	90	38	sheets	sheet	NOUN
emaj-42	90	39	.	.	PUNCT
emaj-42	91	1	martinez	martinez	PROPN
emaj-42	91	2	peria	peria	PROPN
emaj-42	91	3	et	et	PROPN
emaj-42	91	4	al	al	PROPN
emaj-42	91	5	.	.	PROPN
emaj-42	92	1	(	(	PUNCT
emaj-42	92	2	2002	2002	NUM
emaj-42	92	3	)	)	PUNCT
emaj-42	92	4	and	and	CCONJ
emaj-42	92	5	haas	haas	PROPN
emaj-42	92	6	and	and	CCONJ
emaj-42	92	7	van	van	PROPN
emaj-42	92	8	lelyveld	lelyveld	PROPN
emaj-42	92	9	(	(	PUNCT
emaj-42	92	10	2006	2006	NUM
emaj-42	92	11	,	,	PUNCT
emaj-42	92	12	2010	2010	NUM
emaj-42	92	13	)	)	PUNCT
emaj-42	92	14	suggest	suggest	VERB
emaj-42	92	15	that	that	SCONJ
emaj-42	92	16	subsidiary	subsidiary	NOUN
emaj-42	92	17	banks	bank	NOUN
emaj-42	92	18	do	do	AUX
emaj-42	92	19	not	not	PART
emaj-42	92	20	change	change	VERB
emaj-42	92	21	their	their	PRON
emaj-42	92	22	lending	lending	NOUN
emaj-42	92	23	strategies	strategy	NOUN
emaj-42	92	24	in	in	ADP
emaj-42	92	25	times	time	NOUN
emaj-42	92	26	of	of	ADP
emaj-42	92	27	local	local	ADJ
emaj-42	92	28	crisis	crisis	NOUN
emaj-42	92	29	.	.	PUNCT
emaj-42	93	1	bernanke	bernanke	PROPN
emaj-42	93	2	and	and	CCONJ
emaj-42	93	3	blinder	blinder	NOUN
emaj-42	93	4	(	(	PUNCT
emaj-42	93	5	1988	1988	NUM
emaj-42	93	6	)	)	PUNCT
emaj-42	93	7	and	and	CCONJ
emaj-42	93	8	bernanke	bernanke	PROPN
emaj-42	93	9	and	and	CCONJ
emaj-42	93	10	james	james	PROPN
emaj-42	93	11	(	(	PUNCT
emaj-42	93	12	1991	1991	NUM
emaj-42	93	13	)	)	PUNCT
emaj-42	93	14	tested	test	VERB
emaj-42	93	15	the	the	DET
emaj-42	93	16	relationship	relationship	NOUN
emaj-42	93	17	between	between	ADP
emaj-42	93	18	liquidity	liquidity	NOUN
emaj-42	93	19	and	and	CCONJ
emaj-42	93	20	changes	change	NOUN
emaj-42	93	21	in	in	ADP
emaj-42	93	22	loans	loan	NOUN
emaj-42	93	23	.	.	PUNCT
emaj-42	94	1	they	they	PRON
emaj-42	94	2	demonstrate	demonstrate	VERB
emaj-42	94	3	that	that	SCONJ
emaj-42	94	4	changes	change	NOUN
emaj-42	94	5	in	in	ADP
emaj-42	94	6	the	the	DET
emaj-42	94	7	liquidity	liquidity	NOUN
emaj-42	94	8	of	of	ADP
emaj-42	94	9	real	real	ADJ
emaj-42	94	10	consequences	consequence	NOUN
emaj-42	94	11	on	on	ADP
emaj-42	94	12	loan	loan	PROPN
emaj-42	94	13	dr	dr	PROPN
emaj-42	94	14	.	.	PROPN
emaj-42	94	15	mehdi	mehdi	PROPN
emaj-42	94	16	mili	mili	PROPN
emaj-42	94	17	,	,	PUNCT
emaj-42	94	18	prof	prof	PROPN
emaj-42	94	19	.	.	PUNCT
emaj-42	95	1	jean	jean	PROPN
emaj-42	95	2	-	-	PUNCT
emaj-42	95	3	michel	michel	PROPN
emaj-42	95	4	sahut	sahut	VERB
emaj-42	95	5	p	p	PRON
emaj-42	95	6	a	a	DET
emaj-42	95	7	g	g	NOUN
emaj-42	95	8	e	e	NOUN
emaj-42	95	9	|	|	NOUN
emaj-42	95	10	32|	32|	NUM
emaj-42	95	11	emerging	emerge	VERB
emaj-42	95	12	markets	market	NOUN
emaj-42	95	13	journal	journal	NOUN
emaj-42	95	14	volume	volume	NOUN
emaj-42	95	15	3	3	NUM
emaj-42	95	16	no	no	DET
emaj-42	95	17	2	2	NUM
emaj-42	95	18	(	(	PUNCT
emaj-42	95	19	2013	2013	NUM
emaj-42	95	20	)	)	PUNCT
emaj-42	95	21	|	|	ADV
emaj-42	95	22	issn	issn	VERB
emaj-42	95	23	2158	2158	NUM
emaj-42	95	24	-	-	SYM
emaj-42	95	25	8708	8708	NUM
emaj-42	95	26	(	(	PUNCT
emaj-42	95	27	online	online	NOUN
emaj-42	95	28	)	)	PUNCT
emaj-42	95	29	|	|	ADV
emaj-42	95	30	10.5195	10.5195	NUM
emaj-42	95	31	/	/	SYM
emaj-42	95	32	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	95	33	|	|	ADV
emaj-42	95	34	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	95	35	strategies	strategy	NOUN
emaj-42	95	36	of	of	ADP
emaj-42	95	37	banks	bank	NOUN
emaj-42	95	38	.	.	PUNCT
emaj-42	96	1	however	however	ADV
emaj-42	96	2	,	,	PUNCT
emaj-42	96	3	these	these	DET
emaj-42	96	4	studies	study	NOUN
emaj-42	96	5	have	have	AUX
emaj-42	96	6	ignored	ignore	VERB
emaj-42	96	7	a	a	DET
emaj-42	96	8	number	number	NOUN
emaj-42	96	9	of	of	ADP
emaj-42	96	10	variables	variable	NOUN
emaj-42	96	11	such	such	ADJ
emaj-42	96	12	as	as	ADP
emaj-42	96	13	economy	economy	NOUN
emaj-42	96	14	wide	wide	ADJ
emaj-42	96	15	productivity	productivity	NOUN
emaj-42	96	16	shocks	shock	NOUN
emaj-42	96	17	that	that	PRON
emaj-42	96	18	affect	affect	VERB
emaj-42	96	19	both	both	DET
emaj-42	96	20	changes	change	NOUN
emaj-42	96	21	in	in	ADP
emaj-42	96	22	supply	supply	NOUN
emaj-42	96	23	and	and	CCONJ
emaj-42	96	24	demand	demand	NOUN
emaj-42	96	25	of	of	ADP
emaj-42	96	26	loans	loan	NOUN
emaj-42	96	27	at	at	ADP
emaj-42	96	28	the	the	DET
emaj-42	96	29	same	same	ADJ
emaj-42	96	30	time	time	NOUN
emaj-42	96	31	.	.	PUNCT
emaj-42	97	1	loupias	loupia	NOUN
emaj-42	97	2	,	,	PUNCT
emaj-42	97	3	savignac	savignac	NOUN
emaj-42	97	4	and	and	CCONJ
emaj-42	97	5	sevestre	sevestre	NOUN
emaj-42	97	6	(	(	PUNCT
emaj-42	97	7	2003	2003	NUM
emaj-42	97	8	)	)	PUNCT
emaj-42	97	9	and	and	CCONJ
emaj-42	97	10	gambacorta	gambacorta	NOUN
emaj-42	97	11	(	(	PUNCT
emaj-42	97	12	2005	2005	NUM
emaj-42	97	13	)	)	PUNCT
emaj-42	97	14	show	show	VERB
emaj-42	97	15	that	that	SCONJ
emaj-42	97	16	liquidity	liquidity	NOUN
emaj-42	97	17	positions	position	NOUN
emaj-42	97	18	of	of	ADP
emaj-42	97	19	banks	bank	NOUN
emaj-42	97	20	affect	affect	VERB
emaj-42	97	21	how	how	SCONJ
emaj-42	97	22	banks	bank	NOUN
emaj-42	97	23	react	react	VERB
emaj-42	97	24	to	to	ADP
emaj-42	97	25	a	a	DET
emaj-42	97	26	monetary	monetary	ADJ
emaj-42	97	27	shock	shock	NOUN
emaj-42	97	28	in	in	ADP
emaj-42	97	29	several	several	ADJ
emaj-42	97	30	european	european	ADJ
emaj-42	97	31	countries	country	NOUN
emaj-42	97	32	.	.	PUNCT
emaj-42	98	1	claessens	claessen	NOUN
emaj-42	98	2	et	et	PROPN
emaj-42	98	3	al	al	PROPN
emaj-42	98	4	.	.	PROPN
emaj-42	98	5	,	,	PUNCT
emaj-42	98	6	(	(	PUNCT
emaj-42	98	7	2009	2009	NUM
emaj-42	98	8	)	)	PUNCT
emaj-42	98	9	suggest	suggest	VERB
emaj-42	98	10	that	that	SCONJ
emaj-42	98	11	foreign	foreign	ADJ
emaj-42	98	12	subsidiaries	subsidiary	NOUN
emaj-42	98	13	may	may	AUX
emaj-42	98	14	be	be	AUX
emaj-42	98	15	a	a	DET
emaj-42	98	16	factor	factor	NOUN
emaj-42	98	17	of	of	ADP
emaj-42	98	18	a	a	DET
emaj-42	98	19	financial	financial	ADJ
emaj-42	98	20	instability	instability	NOUN
emaj-42	98	21	.	.	PUNCT
emaj-42	99	1	in	in	ADP
emaj-42	99	2	fact	fact	NOUN
emaj-42	99	3	,	,	PUNCT
emaj-42	99	4	the	the	DET
emaj-42	99	5	relaxation	relaxation	NOUN
emaj-42	99	6	of	of	ADP
emaj-42	99	7	restrictions	restriction	NOUN
emaj-42	99	8	on	on	ADP
emaj-42	99	9	foreign	foreign	ADJ
emaj-42	99	10	bank	bank	NOUN
emaj-42	99	11	’s	’s	PART
emaj-42	99	12	entry	entry	NOUN
emaj-42	99	13	can	can	AUX
emaj-42	99	14	bring	bring	VERB
emaj-42	99	15	risks	risk	NOUN
emaj-42	99	16	.	.	PUNCT
emaj-42	100	1	particularly	particularly	ADV
emaj-42	100	2	,	,	PUNCT
emaj-42	100	3	by	by	ADP
emaj-42	100	4	increasing	increase	VERB
emaj-42	100	5	competition	competition	NOUN
emaj-42	100	6	and	and	CCONJ
emaj-42	100	7	thereby	thereby	ADV
emaj-42	100	8	lowering	lower	VERB
emaj-42	100	9	the	the	DET
emaj-42	100	10	profits	profit	NOUN
emaj-42	100	11	of	of	ADP
emaj-42	100	12	domestic	domestic	ADJ
emaj-42	100	13	banks	bank	NOUN
emaj-42	100	14	,	,	PUNCT
emaj-42	100	15	foreign	foreign	ADJ
emaj-42	100	16	entry	entry	NOUN
emaj-42	100	17	may	may	AUX
emaj-42	100	18	reduce	reduce	VERB
emaj-42	100	19	charter	charter	NOUN
emaj-42	100	20	values	value	NOUN
emaj-42	100	21	of	of	ADP
emaj-42	100	22	domestic	domestic	ADJ
emaj-42	100	23	banks	bank	NOUN
emaj-42	100	24	,	,	PUNCT
emaj-42	100	25	making	make	VERB
emaj-42	100	26	them	they	PRON
emaj-42	100	27	more	more	ADV
emaj-42	100	28	vulnerable	vulnerable	ADJ
emaj-42	100	29	.	.	PUNCT
emaj-42	101	1	this	this	PRON
emaj-42	101	2	may	may	AUX
emaj-42	101	3	have	have	VERB
emaj-42	101	4	a	a	DET
emaj-42	101	5	destabilizing	destabilizing	ADJ
emaj-42	101	6	effect	effect	NOUN
emaj-42	101	7	on	on	ADP
emaj-42	101	8	the	the	DET
emaj-42	101	9	financial	financial	ADJ
emaj-42	101	10	system	system	NOUN
emaj-42	101	11	especially	especially	ADV
emaj-42	101	12	if	if	SCONJ
emaj-42	101	13	the	the	DET
emaj-42	101	14	domestic	domestic	ADJ
emaj-42	101	15	prudential	prudential	ADJ
emaj-42	101	16	regulations	regulation	NOUN
emaj-42	101	17	and	and	CCONJ
emaj-42	101	18	supervision	supervision	NOUN
emaj-42	101	19	are	be	AUX
emaj-42	101	20	not	not	PART
emaj-42	101	21	sturdy	sturdy	ADJ
emaj-42	101	22	.	.	PUNCT
emaj-42	102	1	from	from	ADP
emaj-42	102	2	a	a	DET
emaj-42	102	3	public	public	ADJ
emaj-42	102	4	policy	policy	NOUN
emaj-42	102	5	standpoint	standpoint	NOUN
emaj-42	102	6	,	,	PUNCT
emaj-42	102	7	peek	peek	PROPN
emaj-42	102	8	,	,	PUNCT
emaj-42	102	9	j.	j.	PROPN
emaj-42	102	10	and	and	CCONJ
emaj-42	102	11	e.	e.	PROPN
emaj-42	102	12	rosengren	rosengren	PROPN
emaj-42	102	13	(	(	PUNCT
emaj-42	102	14	1997	1997	NUM
emaj-42	102	15	)	)	PUNCT
emaj-42	102	16	indicate	indicate	VERB
emaj-42	102	17	that	that	SCONJ
emaj-42	102	18	credit	credit	NOUN
emaj-42	102	19	flows	flow	NOUN
emaj-42	102	20	by	by	ADP
emaj-42	102	21	global	global	ADJ
emaj-42	102	22	banks	bank	NOUN
emaj-42	102	23	will	will	AUX
emaj-42	102	24	is	be	AUX
emaj-42	102	25	influenced	influence	VERB
emaj-42	102	26	by	by	ADP
emaj-42	102	27	both	both	CCONJ
emaj-42	102	28	domestic	domestic	ADJ
emaj-42	102	29	and	and	CCONJ
emaj-42	102	30	foreign	foreign	ADJ
emaj-42	102	31	conditions	condition	NOUN
emaj-42	102	32	.	.	PUNCT
emaj-42	103	1	moreover	moreover	ADV
emaj-42	103	2	,	,	PUNCT
emaj-42	103	3	a	a	DET
emaj-42	103	4	bank	bank	NOUN
emaj-42	103	5	’s	’s	PART
emaj-42	103	6	capitalization	capitalization	NOUN
emaj-42	103	7	will	will	AUX
emaj-42	103	8	not	not	PART
emaj-42	103	9	be	be	AUX
emaj-42	103	10	a	a	DET
emaj-42	103	11	sufficient	sufficient	ADJ
emaj-42	103	12	statistic	statistic	NOUN
emaj-42	103	13	for	for	ADP
emaj-42	103	14	predicting	predict	VERB
emaj-42	103	15	its	its	PRON
emaj-42	103	16	willingness	willingness	NOUN
emaj-42	103	17	to	to	PART
emaj-42	103	18	lend	lend	VERB
emaj-42	103	19	.	.	PUNCT
emaj-42	104	1	nonperforming	nonperforme	VERB
emaj-42	104	2	loans	loan	NOUN
emaj-42	104	3	,	,	PUNCT
emaj-42	104	4	even	even	ADV
emaj-42	104	5	those	those	PRON
emaj-42	104	6	yet	yet	ADV
emaj-42	104	7	to	to	PART
emaj-42	104	8	be	be	AUX
emaj-42	104	9	reflected	reflect	VERB
emaj-42	104	10	in	in	ADP
emaj-42	104	11	capital	capital	NOUN
emaj-42	104	12	ratios	ratio	NOUN
emaj-42	104	13	or	or	CCONJ
emaj-42	104	14	publicly	publicly	ADV
emaj-42	104	15	disclosed	disclose	VERB
emaj-42	104	16	,	,	PUNCT
emaj-42	104	17	can	can	AUX
emaj-42	104	18	alter	alter	VERB
emaj-42	104	19	the	the	DET
emaj-42	104	20	willingness	willingness	NOUN
emaj-42	104	21	of	of	ADP
emaj-42	104	22	global	global	ADJ
emaj-42	104	23	banks	bank	NOUN
emaj-42	104	24	to	to	PART
emaj-42	104	25	lend	lend	VERB
emaj-42	104	26	.	.	PUNCT
emaj-42	105	1	based	base	VERB
emaj-42	105	2	on	on	ADP
emaj-42	105	3	a	a	DET
emaj-42	105	4	sample	sample	NOUN
emaj-42	105	5	of	of	ADP
emaj-42	105	6	45	45	NUM
emaj-42	105	7	banking	banking	NOUN
emaj-42	105	8	groups	group	NOUN
emaj-42	105	9	,	,	PUNCT
emaj-42	105	10	de	de	PROPN
emaj-42	105	11	haas	haas	PROPN
emaj-42	105	12	and	and	CCONJ
emaj-42	105	13	van	van	PROPN
emaj-42	105	14	lelyveld	lelyveld	PROPN
emaj-42	105	15	(	(	PUNCT
emaj-42	105	16	2010	2010	NUM
emaj-42	105	17	)	)	PUNCT
emaj-42	105	18	tried	try	VERB
emaj-42	105	19	to	to	PART
emaj-42	105	20	explain	explain	VERB
emaj-42	105	21	the	the	DET
emaj-42	105	22	supply	supply	NOUN
emaj-42	105	23	of	of	ADP
emaj-42	105	24	credit	credit	NOUN
emaj-42	105	25	by	by	ADP
emaj-42	105	26	banking	banking	NOUN
emaj-42	105	27	subsidiaries	subsidiary	NOUN
emaj-42	105	28	of	of	ADP
emaj-42	105	29	the	the	DET
emaj-42	105	30	macroeconomic	macroeconomic	ADJ
emaj-42	105	31	environment	environment	NOUN
emaj-42	105	32	in	in	ADP
emaj-42	105	33	the	the	DET
emaj-42	105	34	host	host	NOUN
emaj-42	105	35	country	country	NOUN
emaj-42	105	36	by	by	ADP
emaj-42	105	37	country	country	NOUN
emaj-42	105	38	the	the	DET
emaj-42	105	39	financial	financial	ADJ
emaj-42	105	40	characteristics	characteristic	NOUN
emaj-42	105	41	of	of	ADP
emaj-42	105	42	the	the	DET
emaj-42	105	43	subsidiary	subsidiary	NOUN
emaj-42	105	44	of	of	ADP
emaj-42	105	45	its	its	PRON
emaj-42	105	46	parent	parent	NOUN
emaj-42	105	47	company	company	NOUN
emaj-42	105	48	and	and	CCONJ
emaj-42	105	49	other	other	ADJ
emaj-42	105	50	subsidiaries	subsidiary	NOUN
emaj-42	105	51	.	.	PUNCT
emaj-42	106	1	their	their	PRON
emaj-42	106	2	results	result	NOUN
emaj-42	106	3	support	support	VERB
emaj-42	106	4	the	the	DET
emaj-42	106	5	existence	existence	NOUN
emaj-42	106	6	of	of	ADP
emaj-42	106	7	an	an	DET
emaj-42	106	8	internal	internal	ADJ
emaj-42	106	9	capital	capital	NOUN
emaj-42	106	10	market	market	NOUN
emaj-42	106	11	banking	banking	NOUN
emaj-42	106	12	groups	group	NOUN
emaj-42	106	13	,	,	PUNCT
emaj-42	106	14	in	in	ADP
emaj-42	106	15	which	which	PRON
emaj-42	106	16	the	the	DET
emaj-42	106	17	parent	parent	NOUN
emaj-42	106	18	bank	bank	NOUN
emaj-42	106	19	manages	manage	VERB
emaj-42	106	20	the	the	DET
emaj-42	106	21	supply	supply	NOUN
emaj-42	106	22	of	of	ADP
emaj-42	106	23	credit	credit	NOUN
emaj-42	106	24	to	to	ADP
emaj-42	106	25	their	their	PRON
emaj-42	106	26	subsidiaries	subsidiary	NOUN
emaj-42	106	27	.	.	PUNCT
emaj-42	107	1	they	they	PRON
emaj-42	107	2	emphasize	emphasize	VERB
emaj-42	107	3	two	two	NUM
emaj-42	107	4	effects	effect	NOUN
emaj-42	107	5	:	:	PUNCT
emaj-42	107	6	a	a	DET
emaj-42	107	7	substitution	substitution	NOUN
emaj-42	107	8	effect	effect	NOUN
emaj-42	107	9	which	which	PRON
emaj-42	107	10	arbitrates	arbitrate	VERB
emaj-42	107	11	between	between	ADP
emaj-42	107	12	the	the	DET
emaj-42	107	13	parent	parent	NOUN
emaj-42	107	14	company	company	NOUN
emaj-42	107	15	and	and	CCONJ
emaj-42	107	16	its	its	PRON
emaj-42	107	17	subsidiaries	subsidiary	NOUN
emaj-42	107	18	,	,	PUNCT
emaj-42	107	19	changes	change	NOUN
emaj-42	107	20	in	in	ADP
emaj-42	107	21	financial	financial	ADJ
emaj-42	107	22	support	support	NOUN
emaj-42	107	23	depending	depend	VERB
emaj-42	107	24	on	on	ADP
emaj-42	107	25	the	the	DET
emaj-42	107	26	state	state	NOUN
emaj-42	107	27	of	of	ADP
emaj-42	107	28	the	the	DET
emaj-42	107	29	host	host	NOUN
emaj-42	107	30	country	country	NOUN
emaj-42	107	31	and	and	CCONJ
emaj-42	107	32	the	the	DET
emaj-42	107	33	expected	expect	VERB
emaj-42	107	34	returns	return	NOUN
emaj-42	107	35	and	and	CCONJ
emaj-42	107	36	the	the	DET
emaj-42	107	37	effects	effect	NOUN
emaj-42	107	38	of	of	ADP
emaj-42	107	39	support	support	NOUN
emaj-42	107	40	(	(	PUNCT
emaj-42	107	41	means	mean	VERB
emaj-42	107	42	effect	effect	NOUN
emaj-42	107	43	)	)	PUNCT
emaj-42	107	44	by	by	ADP
emaj-42	107	45	which	which	PRON
emaj-42	107	46	parent	parent	NOUN
emaj-42	107	47	bank	bank	NOUN
emaj-42	107	48	support	support	VERB
emaj-42	107	49	weaker	weak	ADJ
emaj-42	107	50	subsidiaries	subsidiary	NOUN
emaj-42	107	51	(	(	PUNCT
emaj-42	107	52	capital	capital	NOUN
emaj-42	107	53	and	and	CCONJ
emaj-42	107	54	liquidity	liquidity	NOUN
emaj-42	107	55	)	)	PUNCT
emaj-42	107	56	.	.	PUNCT
emaj-42	108	1	thus	thus	ADV
emaj-42	108	2	,	,	PUNCT
emaj-42	108	3	the	the	DET
emaj-42	108	4	subsidiaries	subsidiary	NOUN
emaj-42	108	5	would	would	AUX
emaj-42	108	6	be	be	AUX
emaj-42	108	7	protected	protect	VERB
emaj-42	108	8	against	against	ADP
emaj-42	108	9	shocks	shock	NOUN
emaj-42	108	10	from	from	ADP
emaj-42	108	11	the	the	DET
emaj-42	108	12	host	host	NOUN
emaj-42	108	13	country	country	NOUN
emaj-42	108	14	and	and	CCONJ
emaj-42	108	15	depends	depend	VERB
emaj-42	108	16	on	on	ADP
emaj-42	108	17	the	the	DET
emaj-42	108	18	situation	situation	NOUN
emaj-42	108	19	of	of	ADP
emaj-42	108	20	the	the	DET
emaj-42	108	21	parent	parent	NOUN
emaj-42	108	22	company	company	NOUN
emaj-42	108	23	and	and	CCONJ
emaj-42	108	24	the	the	DET
emaj-42	108	25	country	country	NOUN
emaj-42	108	26	of	of	ADP
emaj-42	108	27	origin	origin	NOUN
emaj-42	108	28	.	.	PUNCT
emaj-42	109	1	b.	b.	NOUN
emaj-42	109	2	market	market	NOUN
emaj-42	109	3	discipline	discipline	NOUN
emaj-42	109	4	of	of	ADP
emaj-42	109	5	foreign	foreign	ADJ
emaj-42	109	6	subsidiaries	subsidiary	NOUN
emaj-42	109	7	market	market	NOUN
emaj-42	109	8	discipline	discipline	NOUN
emaj-42	109	9	can	can	AUX
emaj-42	109	10	be	be	AUX
emaj-42	109	11	described	describe	VERB
emaj-42	109	12	as	as	ADP
emaj-42	109	13	a	a	DET
emaj-42	109	14	situation	situation	NOUN
emaj-42	109	15	in	in	ADP
emaj-42	109	16	which	which	PRON
emaj-42	109	17	depositors	depositor	NOUN
emaj-42	109	18	penalize	penalize	VERB
emaj-42	109	19	riskier	risky	ADJ
emaj-42	109	20	banks	bank	NOUN
emaj-42	109	21	by	by	ADP
emaj-42	109	22	withdrawing	withdraw	VERB
emaj-42	109	23	deposits	deposit	NOUN
emaj-42	109	24	.	.	PUNCT
emaj-42	110	1	market	market	NOUN
emaj-42	110	2	discipline	discipline	NOUN
emaj-42	110	3	was	be	AUX
emaj-42	110	4	stated	state	VERB
emaj-42	110	5	by	by	ADP
emaj-42	110	6	the	the	DET
emaj-42	110	7	basel	basel	PROPN
emaj-42	110	8	regulatory	regulatory	ADJ
emaj-42	110	9	framework	framework	NOUN
emaj-42	110	10	as	as	ADP
emaj-42	110	11	one	one	NUM
emaj-42	110	12	of	of	ADP
emaj-42	110	13	the	the	DET
emaj-42	110	14	three	three	NUM
emaj-42	110	15	pillars	pillar	NOUN
emaj-42	110	16	required	require	VERB
emaj-42	110	17	for	for	ADP
emaj-42	110	18	the	the	DET
emaj-42	110	19	stability	stability	NOUN
emaj-42	110	20	of	of	ADP
emaj-42	110	21	the	the	DET
emaj-42	110	22	international	international	ADJ
emaj-42	110	23	financial	financial	ADJ
emaj-42	110	24	system	system	NOUN
emaj-42	110	25	.	.	PUNCT
emaj-42	111	1	market	market	NOUN
emaj-42	111	2	discipline	discipline	NOUN
emaj-42	111	3	is	be	AUX
emaj-42	111	4	widely	widely	ADV
emaj-42	111	5	adopted	adopt	VERB
emaj-42	111	6	by	by	ADP
emaj-42	111	7	regulatory	regulatory	ADJ
emaj-42	111	8	authorities	authority	NOUN
emaj-42	111	9	to	to	PART
emaj-42	111	10	limit	limit	VERB
emaj-42	111	11	bank	bank	NOUN
emaj-42	111	12	risk	risk	NOUN
emaj-42	111	13	-	-	PUNCT
emaj-42	111	14	shifting	shift	VERB
emaj-42	111	15	incentives	incentive	NOUN
emaj-42	111	16	that	that	PRON
emaj-42	111	17	are	be	AUX
emaj-42	111	18	exacerbated	exacerbate	VERB
emaj-42	111	19	through	through	ADP
emaj-42	111	20	a	a	DET
emaj-42	111	21	financial	financial	ADJ
emaj-42	111	22	safety	safety	NOUN
emaj-42	111	23	net	net	NOUN
emaj-42	111	24	.	.	PUNCT
emaj-42	112	1	according	accord	VERB
emaj-42	112	2	to	to	ADP
emaj-42	112	3	berger	berger	PROPN
emaj-42	112	4	(	(	PUNCT
emaj-42	112	5	1991	1991	NUM
emaj-42	112	6	)	)	PUNCT
emaj-42	112	7	,	,	PUNCT
emaj-42	112	8	market	market	NOUN
emaj-42	112	9	discipline	discipline	NOUN
emaj-42	112	10	in	in	ADP
emaj-42	112	11	the	the	DET
emaj-42	112	12	banking	banking	NOUN
emaj-42	112	13	sector	sector	NOUN
emaj-42	112	14	is	be	AUX
emaj-42	112	15	generally	generally	ADV
emaj-42	112	16	interpreted	interpret	VERB
emaj-42	112	17	as	as	ADP
emaj-42	112	18	a	a	DET
emaj-42	112	19	situation	situation	NOUN
emaj-42	112	20	where	where	SCONJ
emaj-42	112	21	the	the	DET
emaj-42	112	22	costs	cost	NOUN
emaj-42	112	23	incurred	incur	VERB
emaj-42	112	24	by	by	ADP
emaj-42	112	25	the	the	DET
emaj-42	112	26	partners	partner	NOUN
emaj-42	112	27	of	of	ADP
emaj-42	112	28	the	the	DET
emaj-42	112	29	bank	bank	NOUN
emaj-42	112	30	on	on	ADP
emaj-42	112	31	the	the	DET
emaj-42	112	32	risk	risk	NOUN
emaj-42	112	33	of	of	ADP
emaj-42	112	34	bank	bank	NOUN
emaj-42	112	35	risk	risk	NOUN
emaj-42	112	36	and	and	CCONJ
emaj-42	112	37	react	react	VERB
emaj-42	112	38	on	on	ADP
emaj-42	112	39	the	the	DET
emaj-42	112	40	basis	basis	NOUN
emaj-42	112	41	of	of	ADP
emaj-42	112	42	these	these	DET
emaj-42	112	43	costs	cost	NOUN
emaj-42	112	44	.	.	PUNCT
emaj-42	113	1	thus	thus	ADV
emaj-42	113	2	,	,	PUNCT
emaj-42	113	3	the	the	DET
emaj-42	113	4	analysis	analysis	NOUN
emaj-42	113	5	of	of	ADP
emaj-42	113	6	market	market	NOUN
emaj-42	113	7	discipline	discipline	NOUN
emaj-42	113	8	can	can	AUX
emaj-42	113	9	be	be	AUX
emaj-42	113	10	reclined	recline	VERB
emaj-42	113	11	through	through	ADP
emaj-42	113	12	problems	problem	NOUN
emaj-42	113	13	that	that	PRON
emaj-42	113	14	may	may	AUX
emaj-42	113	15	exist	exist	VERB
emaj-42	113	16	between	between	ADP
emaj-42	113	17	agencies	agency	NOUN
emaj-42	113	18	,	,	PUNCT
emaj-42	113	19	mandating	mandate	VERB
emaj-42	113	20	and	and	CCONJ
emaj-42	113	21	agent	agent	NOUN
emaj-42	113	22	.	.	PUNCT
emaj-42	114	1	the	the	DET
emaj-42	114	2	applicant	applicant	NOUN
emaj-42	114	3	(	(	PUNCT
emaj-42	114	4	which	which	PRON
emaj-42	114	5	is	be	AUX
emaj-42	114	6	the	the	DET
emaj-42	114	7	principal	principal	NOUN
emaj-42	114	8	)	)	PUNCT
emaj-42	114	9	wants	want	VERB
emaj-42	114	10	to	to	PART
emaj-42	114	11	ensure	ensure	VERB
emaj-42	114	12	that	that	SCONJ
emaj-42	114	13	the	the	DET
emaj-42	114	14	bank	bank	NOUN
emaj-42	114	15	(	(	PUNCT
emaj-42	114	16	agent	agent	NOUN
emaj-42	114	17	)	)	PUNCT
emaj-42	114	18	protects	protect	VERB
emaj-42	114	19	its	its	PRON
emaj-42	114	20	assets	asset	NOUN
emaj-42	114	21	.	.	PUNCT
emaj-42	115	1	thus	thus	ADV
emaj-42	115	2	,	,	PUNCT
emaj-42	115	3	applicants	applicant	NOUN
emaj-42	115	4	will	will	AUX
emaj-42	115	5	respond	respond	VERB
emaj-42	115	6	to	to	ADP
emaj-42	115	7	any	any	DET
emaj-42	115	8	increased	increase	VERB
emaj-42	115	9	risk	risk	NOUN
emaj-42	115	10	of	of	ADP
emaj-42	115	11	the	the	DET
emaj-42	115	12	bank	bank	NOUN
emaj-42	115	13	through	through	ADP
emaj-42	115	14	prices	price	NOUN
emaj-42	115	15	or	or	CCONJ
emaj-42	115	16	quantities	quantity	NOUN
emaj-42	115	17	,	,	PUNCT
emaj-42	115	18	demanding	demand	VERB
emaj-42	115	19	higher	high	ADJ
emaj-42	115	20	interest	interest	NOUN
emaj-42	115	21	rates	rate	NOUN
emaj-42	115	22	on	on	ADP
emaj-42	115	23	their	their	PRON
emaj-42	115	24	deposits	deposit	NOUN
emaj-42	115	25	or	or	CCONJ
emaj-42	115	26	withdraw	withdraw	VERB
emaj-42	115	27	completely	completely	ADV
emaj-42	115	28	.	.	PUNCT
emaj-42	116	1	this	this	PRON
emaj-42	116	2	leads	lead	VERB
emaj-42	116	3	to	to	PART
emaj-42	116	4	penalize	penalize	VERB
emaj-42	116	5	banks	bank	NOUN
emaj-42	116	6	following	follow	VERB
emaj-42	116	7	an	an	DET
emaj-42	116	8	excessive	excessive	ADJ
emaj-42	116	9	risktaking	risktaking	NOUN
emaj-42	116	10	.	.	PUNCT
emaj-42	117	1	we	we	PRON
emaj-42	117	2	address	address	VERB
emaj-42	117	3	this	this	DET
emaj-42	117	4	issue	issue	NOUN
emaj-42	117	5	by	by	ADP
emaj-42	117	6	asking	ask	VERB
emaj-42	117	7	the	the	DET
emaj-42	117	8	question	question	NOUN
emaj-42	117	9	whether	whether	SCONJ
emaj-42	117	10	depositors	depositor	NOUN
emaj-42	117	11	require	require	VERB
emaj-42	117	12	controlling	control	VERB
emaj-42	117	13	risk	risk	NOUN
emaj-42	117	14	-	-	PUNCT
emaj-42	117	15	taking	taking	NOUN
emaj-42	117	16	by	by	ADP
emaj-42	117	17	foreign	foreign	ADJ
emaj-42	117	18	subsidiaries	subsidiary	NOUN
emaj-42	117	19	in	in	ADP
emaj-42	117	20	emerging	emerge	VERB
emaj-42	117	21	countries	country	NOUN
emaj-42	117	22	.	.	PUNCT
emaj-42	118	1	the	the	DET
emaj-42	118	2	last	last	ADJ
emaj-42	118	3	global	global	ADJ
emaj-42	118	4	financial	financial	ADJ
emaj-42	118	5	crisis	crisis	NOUN
emaj-42	118	6	has	have	AUX
emaj-42	118	7	sparked	spark	VERB
emaj-42	118	8	a	a	DET
emaj-42	118	9	debate	debate	NOUN
emaj-42	118	10	on	on	ADP
emaj-42	118	11	incentives	incentive	NOUN
emaj-42	118	12	that	that	PRON
emaj-42	118	13	may	may	AUX
emaj-42	118	14	assist	assist	VERB
emaj-42	118	15	depositors	depositor	NOUN
emaj-42	118	16	to	to	ADP
emaj-42	118	17	determinants	determinant	NOUN
emaj-42	118	18	of	of	ADP
emaj-42	118	19	loans	loan	NOUN
emaj-42	118	20	and	and	CCONJ
emaj-42	118	21	deposits	deposit	NOUN
emaj-42	118	22	strategies	strategy	NOUN
emaj-42	118	23	of	of	ADP
emaj-42	118	24	foreign	foreign	ADJ
emaj-42	118	25	bank	bank	NOUN
emaj-42	118	26	subsidiaries	subsidiary	NOUN
emaj-42	118	27	in	in	ADP
emaj-42	118	28	emerging	emerge	VERB
emaj-42	118	29	countries	country	NOUN
emaj-42	118	30	emerging	emerge	VERB
emaj-42	118	31	markets	market	NOUN
emaj-42	118	32	journal	journal	NOUN
emaj-42	118	33	|	|	ADV
emaj-42	118	34	p	p	NOUN
emaj-42	118	35	a	a	DET
emaj-42	118	36	g	g	NOUN
emaj-42	118	37	e	e	NOUN
emaj-42	118	38	|33	|33	NOUN
emaj-42	118	39	volume	volume	NOUN
emaj-42	118	40	3	3	NUM
emaj-42	118	41	no	no	DET
emaj-42	118	42	2	2	NUM
emaj-42	118	43	(	(	PUNCT
emaj-42	118	44	2013	2013	NUM
emaj-42	118	45	)	)	PUNCT
emaj-42	118	46	|	|	ADV
emaj-42	118	47	issn	issn	VERB
emaj-42	118	48	2158	2158	NUM
emaj-42	118	49	-	-	SYM
emaj-42	118	50	8708	8708	NUM
emaj-42	118	51	(	(	PUNCT
emaj-42	118	52	online	online	NOUN
emaj-42	118	53	)	)	PUNCT
emaj-42	118	54	|	|	ADV
emaj-42	118	55	10.5195	10.5195	NUM
emaj-42	118	56	/	/	SYM
emaj-42	118	57	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	118	58	|	|	ADV
emaj-42	118	59	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	118	60	discipline	discipline	NOUN
emaj-42	118	61	risk	risk	NOUN
emaj-42	118	62	-	-	PUNCT
emaj-42	118	63	taking	taking	NOUN
emaj-42	118	64	by	by	ADP
emaj-42	118	65	their	their	PRON
emaj-42	118	66	banks	bank	NOUN
emaj-42	118	67	.	.	PUNCT
emaj-42	119	1	klapper	klapper	NOUN
emaj-42	119	2	and	and	CCONJ
emaj-42	119	3	love	love	NOUN
emaj-42	119	4	(	(	PUNCT
emaj-42	119	5	2002	2002	NUM
emaj-42	119	6	)	)	PUNCT
emaj-42	119	7	,	,	PUNCT
emaj-42	119	8	mitton	mitton	PROPN
emaj-42	119	9	(	(	PUNCT
emaj-42	119	10	2002	2002	NUM
emaj-42	119	11	)	)	PUNCT
emaj-42	119	12	note	note	VERB
emaj-42	119	13	that	that	SCONJ
emaj-42	119	14	market	market	NOUN
emaj-42	119	15	discipline	discipline	NOUN
emaj-42	119	16	which	which	PRON
emaj-42	119	17	is	be	AUX
emaj-42	119	18	an	an	DET
emaj-42	119	19	essential	essential	ADJ
emaj-42	119	20	factor	factor	NOUN
emaj-42	119	21	for	for	ADP
emaj-42	119	22	banking	banking	NOUN
emaj-42	119	23	stability	stability	NOUN
emaj-42	119	24	is	be	AUX
emaj-42	119	25	low	low	ADJ
emaj-42	119	26	in	in	ADP
emaj-42	119	27	emerging	emerge	VERB
emaj-42	119	28	countries	country	NOUN
emaj-42	119	29	and	and	CCONJ
emaj-42	119	30	remains	remain	VERB
emaj-42	119	31	under	under	ADP
emaj-42	119	32	the	the	DET
emaj-42	119	33	influence	influence	NOUN
emaj-42	119	34	of	of	ADP
emaj-42	119	35	banking	banking	NOUN
emaj-42	119	36	regulations	regulation	NOUN
emaj-42	119	37	.	.	PUNCT
emaj-42	120	1	indeed	indeed	ADV
emaj-42	120	2	,	,	PUNCT
emaj-42	120	3	the	the	DET
emaj-42	120	4	regulatory	regulatory	ADJ
emaj-42	120	5	and	and	CCONJ
emaj-42	120	6	supervisory	supervisory	ADJ
emaj-42	120	7	practices	practice	NOUN
emaj-42	120	8	and	and	CCONJ
emaj-42	120	9	institutional	institutional	ADJ
emaj-42	120	10	factors	factor	NOUN
emaj-42	120	11	greatly	greatly	ADV
emaj-42	120	12	influence	influence	VERB
emaj-42	120	13	and	and	CCONJ
emaj-42	120	14	even	even	ADV
emaj-42	120	15	alter	alter	VERB
emaj-42	120	16	the	the	DET
emaj-42	120	17	mechanisms	mechanism	NOUN
emaj-42	120	18	of	of	ADP
emaj-42	120	19	discipline	discipline	NOUN
emaj-42	120	20	.	.	PUNCT
emaj-42	121	1	heavy	heavy	ADJ
emaj-42	121	2	dependence	dependence	NOUN
emaj-42	121	3	on	on	ADP
emaj-42	121	4	external	external	ADJ
emaj-42	121	5	capital	capital	NOUN
emaj-42	121	6	exposes	expose	VERB
emaj-42	121	7	subsidiaries	subsidiary	NOUN
emaj-42	121	8	in	in	ADP
emaj-42	121	9	host	host	NOUN
emaj-42	121	10	countries	country	NOUN
emaj-42	121	11	to	to	ADP
emaj-42	121	12	the	the	DET
emaj-42	121	13	risk	risk	NOUN
emaj-42	121	14	of	of	ADP
emaj-42	121	15	non	non	ADJ
emaj-42	121	16	-	-	NOUN
emaj-42	121	17	renewal	renewal	NOUN
emaj-42	121	18	of	of	ADP
emaj-42	121	19	funding	funding	NOUN
emaj-42	121	20	(	(	PUNCT
emaj-42	121	21	funding	funding	NOUN
emaj-42	121	22	risk	risk	NOUN
emaj-42	121	23	)	)	PUNCT
emaj-42	121	24	,	,	PUNCT
emaj-42	121	25	even	even	ADV
emaj-42	121	26	at	at	ADP
emaj-42	121	27	the	the	DET
emaj-42	121	28	risk	risk	NOUN
emaj-42	121	29	of	of	ADP
emaj-42	121	30	sudden	sudden	ADJ
emaj-42	121	31	withdrawal	withdrawal	NOUN
emaj-42	121	32	of	of	ADP
emaj-42	121	33	capital	capital	NOUN
emaj-42	121	34	.	.	PUNCT
emaj-42	122	1	the	the	DET
emaj-42	122	2	liquidity	liquidity	NOUN
emaj-42	122	3	crisis	crisis	NOUN
emaj-42	122	4	experienced	experience	VERB
emaj-42	122	5	by	by	ADP
emaj-42	122	6	the	the	DET
emaj-42	122	7	global	global	ADJ
emaj-42	122	8	banking	banking	NOUN
emaj-42	122	9	system	system	NOUN
emaj-42	122	10	in	in	ADP
emaj-42	122	11	2008	2008	NUM
emaj-42	122	12	-	-	SYM
emaj-42	122	13	2009	2009	NUM
emaj-42	122	14	has	have	AUX
emaj-42	122	15	particularly	particularly	ADV
emaj-42	122	16	affected	affect	VERB
emaj-42	122	17	muslim	muslim	ADJ
emaj-42	122	18	countries	country	NOUN
emaj-42	122	19	.	.	PUNCT
emaj-42	123	1	financing	finance	VERB
emaj-42	123	2	difficulties	difficulty	NOUN
emaj-42	123	3	of	of	ADP
emaj-42	123	4	parent	parent	NOUN
emaj-42	123	5	banks	bank	NOUN
emaj-42	123	6	and	and	CCONJ
emaj-42	123	7	rising	rise	VERB
emaj-42	123	8	risk	risk	NOUN
emaj-42	123	9	premiums	premium	NOUN
emaj-42	123	10	have	have	AUX
emaj-42	123	11	reduced	reduce	VERB
emaj-42	123	12	funding	funding	NOUN
emaj-42	123	13	for	for	ADP
emaj-42	123	14	subsidiaries	subsidiary	NOUN
emaj-42	123	15	.	.	PUNCT
emaj-42	124	1	in	in	ADP
emaj-42	124	2	addition	addition	NOUN
emaj-42	124	3	,	,	PUNCT
emaj-42	124	4	the	the	DET
emaj-42	124	5	deterioration	deterioration	NOUN
emaj-42	124	6	of	of	ADP
emaj-42	124	7	the	the	DET
emaj-42	124	8	general	general	ADJ
emaj-42	124	9	economic	economic	ADJ
emaj-42	124	10	situation	situation	NOUN
emaj-42	124	11	led	lead	VERB
emaj-42	124	12	foreign	foreign	ADJ
emaj-42	124	13	banks	bank	NOUN
emaj-42	124	14	to	to	PART
emaj-42	124	15	re	re	VERB
emaj-42	124	16	-	-	VERB
emaj-42	124	17	evaluate	evaluate	VERB
emaj-42	124	18	the	the	DET
emaj-42	124	19	risks	risk	NOUN
emaj-42	124	20	in	in	ADP
emaj-42	124	21	emerging	emerge	VERB
emaj-42	124	22	markets	market	NOUN
emaj-42	124	23	and	and	CCONJ
emaj-42	124	24	tougher	tough	ADJ
emaj-42	124	25	lending	lending	NOUN
emaj-42	124	26	conditions	condition	NOUN
emaj-42	124	27	abroad	abroad	ADV
emaj-42	124	28	.	.	PUNCT
emaj-42	125	1	depending	depend	VERB
emaj-42	125	2	on	on	ADP
emaj-42	125	3	the	the	DET
emaj-42	125	4	funding	funding	NOUN
emaj-42	125	5	strategy	strategy	NOUN
emaj-42	125	6	adopted	adopt	VERB
emaj-42	125	7	,	,	PUNCT
emaj-42	125	8	parents	parent	NOUN
emaj-42	125	9	’	'	PUNCT
emaj-42	125	10	banks	bank	NOUN
emaj-42	125	11	can	can	AUX
emaj-42	125	12	delegate	delegate	VERB
emaj-42	125	13	more	more	ADJ
emaj-42	125	14	responsibility	responsibility	NOUN
emaj-42	125	15	to	to	ADP
emaj-42	125	16	their	their	PRON
emaj-42	125	17	subsidiaries	subsidiary	NOUN
emaj-42	125	18	in	in	ADP
emaj-42	125	19	terms	term	NOUN
emaj-42	125	20	of	of	ADP
emaj-42	125	21	collecting	collect	VERB
emaj-42	125	22	deposits	deposit	NOUN
emaj-42	125	23	in	in	ADP
emaj-42	125	24	host	host	NOUN
emaj-42	125	25	country	country	NOUN
emaj-42	125	26	.	.	PUNCT
emaj-42	126	1	consequently	consequently	ADV
emaj-42	126	2	,	,	PUNCT
emaj-42	126	3	parent	parent	NOUN
emaj-42	126	4	banks	bank	NOUN
emaj-42	126	5	isolate	isolate	VERB
emaj-42	126	6	their	their	PRON
emaj-42	126	7	foreign	foreign	ADJ
emaj-42	126	8	subsidiaries	subsidiary	NOUN
emaj-42	126	9	by	by	ADP
emaj-42	126	10	reducing	reduce	VERB
emaj-42	126	11	the	the	DET
emaj-42	126	12	available	available	ADJ
emaj-42	126	13	funding	funding	NOUN
emaj-42	126	14	.	.	PUNCT
emaj-42	127	1	in	in	ADP
emaj-42	127	2	many	many	ADJ
emaj-42	127	3	countries	country	NOUN
emaj-42	127	4	,	,	PUNCT
emaj-42	127	5	the	the	DET
emaj-42	127	6	reduction	reduction	NOUN
emaj-42	127	7	in	in	ADP
emaj-42	127	8	funding	fund	VERB
emaj-42	127	9	foreign	foreign	ADJ
emaj-42	127	10	subsidiaries	subsidiary	NOUN
emaj-42	127	11	may	may	AUX
emaj-42	127	12	have	have	AUX
emaj-42	127	13	destabilized	destabilize	VERB
emaj-42	127	14	the	the	DET
emaj-42	127	15	entire	entire	ADJ
emaj-42	127	16	system	system	NOUN
emaj-42	127	17	.	.	PUNCT
emaj-42	128	1	according	accord	VERB
emaj-42	128	2	to	to	ADP
emaj-42	128	3	herring	herre	VERB
emaj-42	128	4	(	(	PUNCT
emaj-42	128	5	2007	2007	NUM
emaj-42	128	6	)	)	PUNCT
emaj-42	128	7	,	,	PUNCT
emaj-42	128	8	the	the	DET
emaj-42	128	9	risk	risk	NOUN
emaj-42	128	10	is	be	AUX
emaj-42	128	11	even	even	ADV
emaj-42	128	12	more	more	ADJ
emaj-42	128	13	severewhen	severewhen	NOUN
emaj-42	128	14	the	the	DET
emaj-42	128	15	foreign	foreign	ADJ
emaj-42	128	16	subsidiaries	subsidiary	NOUN
emaj-42	128	17	with	with	ADP
emaj-42	128	18	significant	significant	ADJ
emaj-42	128	19	shares	share	NOUN
emaj-42	128	20	in	in	ADP
emaj-42	128	21	host	host	NOUN
emaj-42	128	22	markets	market	NOUN
emaj-42	128	23	become	become	VERB
emaj-42	128	24	systemically	systemically	ADV
emaj-42	128	25	important	important	ADJ
emaj-42	128	26	,	,	PUNCT
emaj-42	128	27	while	while	SCONJ
emaj-42	128	28	at	at	ADP
emaj-42	128	29	the	the	DET
emaj-42	128	30	same	same	ADJ
emaj-42	128	31	time	time	NOUN
emaj-42	128	32	,	,	PUNCT
emaj-42	128	33	they	they	PRON
emaj-42	128	34	are	be	AUX
emaj-42	128	35	not	not	PART
emaj-42	128	36	so	so	ADV
emaj-42	128	37	important	important	ADJ
emaj-42	128	38	for	for	ADP
emaj-42	128	39	the	the	DET
emaj-42	128	40	parent	parent	NOUN
emaj-42	128	41	bank	bank	NOUN
emaj-42	128	42	because	because	SCONJ
emaj-42	128	43	of	of	ADP
emaj-42	128	44	their	their	PRON
emaj-42	128	45	small	small	ADJ
emaj-42	128	46	size	size	NOUN
emaj-42	128	47	relative	relative	ADJ
emaj-42	128	48	to	to	ADP
emaj-42	128	49	multinational	multinational	ADJ
emaj-42	128	50	banking	banking	NOUN
emaj-42	128	51	group	group	NOUN
emaj-42	128	52	.	.	PUNCT
emaj-42	129	1	jacklin	jacklin	PROPN
emaj-42	129	2	and	and	CCONJ
emaj-42	129	3	bhattacharya	bhattacharya	PROPN
emaj-42	129	4	(	(	PUNCT
emaj-42	129	5	1988	1988	NUM
emaj-42	129	6	)	)	PUNCT
emaj-42	129	7	and	and	CCONJ
emaj-42	129	8	diamond	diamond	NOUN
emaj-42	129	9	and	and	CCONJ
emaj-42	129	10	dybvig	dybvig	NOUN
emaj-42	129	11	(	(	PUNCT
emaj-42	129	12	1983	1983	NUM
emaj-42	129	13	)	)	PUNCT
emaj-42	129	14	support	support	NOUN
emaj-42	129	15	that	that	DET
emaj-42	129	16	failure	failure	NOUN
emaj-42	129	17	to	to	PART
emaj-42	129	18	respond	respond	VERB
emaj-42	129	19	to	to	ADP
emaj-42	129	20	liquidity	liquidity	NOUN
emaj-42	129	21	problems	problem	NOUN
emaj-42	129	22	can	can	AUX
emaj-42	129	23	cause	cause	VERB
emaj-42	129	24	bank	bank	NOUN
emaj-42	129	25	insolvency	insolvency	NOUN
emaj-42	129	26	in	in	ADP
emaj-42	129	27	the	the	DET
emaj-42	129	28	short	short	ADJ
emaj-42	129	29	term	term	NOUN
emaj-42	129	30	and	and	CCONJ
emaj-42	129	31	induce	induce	VERB
emaj-42	129	32	contagion	contagion	NOUN
emaj-42	129	33	effects	effect	NOUN
emaj-42	129	34	.	.	PUNCT
emaj-42	130	1	the	the	DET
emaj-42	130	2	risk	risk	NOUN
emaj-42	130	3	undergoing	undergo	VERB
emaj-42	130	4	by	by	ADP
emaj-42	130	5	the	the	DET
emaj-42	130	6	banking	banking	NOUN
emaj-42	130	7	system	system	NOUN
emaj-42	130	8	is	be	AUX
emaj-42	130	9	that	that	SCONJ
emaj-42	130	10	the	the	DET
emaj-42	130	11	failure	failure	NOUN
emaj-42	130	12	of	of	ADP
emaj-42	130	13	an	an	DET
emaj-42	130	14	insolvent	insolvent	ADJ
emaj-42	130	15	bank	bank	NOUN
emaj-42	130	16	can	can	AUX
emaj-42	130	17	lead	lead	VERB
emaj-42	130	18	depositors	depositor	NOUN
emaj-42	130	19	of	of	ADP
emaj-42	130	20	other	other	ADJ
emaj-42	130	21	banks	bank	NOUN
emaj-42	130	22	to	to	PART
emaj-42	130	23	withdraw	withdraw	VERB
emaj-42	130	24	their	their	PRON
emaj-42	130	25	deposits	deposit	NOUN
emaj-42	130	26	.	.	PUNCT
emaj-42	131	1	allen	allen	PROPN
emaj-42	131	2	et	et	PROPN
emaj-42	131	3	al	al	PROPN
emaj-42	131	4	.	.	PROPN
emaj-42	132	1	(	(	PUNCT
emaj-42	132	2	2010	2010	NUM
emaj-42	132	3	)	)	PUNCT
emaj-42	132	4	show	show	VERB
emaj-42	132	5	that	that	SCONJ
emaj-42	132	6	liquidity	liquidity	NOUN
emaj-42	132	7	needs	need	NOUN
emaj-42	132	8	determine	determine	VERB
emaj-42	132	9	the	the	DET
emaj-42	132	10	change	change	NOUN
emaj-42	132	11	in	in	ADP
emaj-42	132	12	deposits	deposit	NOUN
emaj-42	132	13	in	in	ADP
emaj-42	132	14	developing	develop	VERB
emaj-42	132	15	economies	economy	NOUN
emaj-42	132	16	,	,	PUNCT
emaj-42	132	17	especially	especially	ADV
emaj-42	132	18	during	during	ADP
emaj-42	132	19	the	the	DET
emaj-42	132	20	recent	recent	ADJ
emaj-42	132	21	crisis	crisis	NOUN
emaj-42	132	22	whereas	whereas	SCONJ
emaj-42	132	23	market	market	NOUN
emaj-42	132	24	discipline	discipline	NOUN
emaj-42	132	25	is	be	AUX
emaj-42	132	26	relatively	relatively	ADV
emaj-42	132	27	more	more	ADV
emaj-42	132	28	dominant	dominant	ADJ
emaj-42	132	29	in	in	ADP
emaj-42	132	30	developed	develop	VERB
emaj-42	132	31	countries	country	NOUN
emaj-42	132	32	.	.	PUNCT
emaj-42	133	1	de	de	PROPN
emaj-42	133	2	la	la	PROPN
emaj-42	133	3	torre	torre	PROPN
emaj-42	133	4	et	et	PROPN
emaj-42	133	5	al	al	PROPN
emaj-42	133	6	.	.	PROPN
emaj-42	134	1	(	(	PUNCT
emaj-42	134	2	2003	2003	NUM
emaj-42	134	3	)	)	PUNCT
emaj-42	134	4	evidence	evidence	NOUN
emaj-42	134	5	that	that	SCONJ
emaj-42	134	6	bank	bank	NOUN
emaj-42	134	7	fundamental	fundamental	ADJ
emaj-42	134	8	indicators	indicator	NOUN
emaj-42	134	9	tend	tend	VERB
emaj-42	134	10	to	to	PART
emaj-42	134	11	be	be	AUX
emaj-42	134	12	less	less	ADV
emaj-42	134	13	important	important	ADJ
emaj-42	134	14	in	in	ADP
emaj-42	134	15	explaining	explain	VERB
emaj-42	134	16	the	the	DET
emaj-42	134	17	evolution	evolution	NOUN
emaj-42	134	18	of	of	ADP
emaj-42	134	19	deposits	deposit	NOUN
emaj-42	134	20	banks	bank	NOUN
emaj-42	134	21	in	in	ADP
emaj-42	134	22	emerging	emerge	VERB
emaj-42	134	23	countries	country	NOUN
emaj-42	134	24	.	.	PUNCT
emaj-42	135	1	the	the	DET
emaj-42	135	2	conclusions	conclusion	NOUN
emaj-42	135	3	of	of	ADP
emaj-42	135	4	our	our	PRON
emaj-42	135	5	paper	paper	NOUN
emaj-42	135	6	are	be	AUX
emaj-42	135	7	relevant	relevant	ADJ
emaj-42	135	8	to	to	ADP
emaj-42	135	9	the	the	DET
emaj-42	135	10	academic	academic	ADJ
emaj-42	135	11	literature	literature	NOUN
emaj-42	135	12	on	on	ADP
emaj-42	135	13	market	market	NOUN
emaj-42	135	14	discipline	discipline	NOUN
emaj-42	135	15	in	in	ADP
emaj-42	135	16	at	at	ADV
emaj-42	135	17	least	least	ADV
emaj-42	135	18	two	two	NUM
emaj-42	135	19	dimensions	dimension	NOUN
emaj-42	135	20	.	.	PUNCT
emaj-42	136	1	first	first	ADV
emaj-42	136	2	,	,	PUNCT
emaj-42	136	3	we	we	PRON
emaj-42	136	4	show	show	VERB
emaj-42	136	5	that	that	SCONJ
emaj-42	136	6	market	market	NOUN
emaj-42	136	7	discipline	discipline	NOUN
emaj-42	136	8	in	in	ADP
emaj-42	136	9	developing	develop	VERB
emaj-42	136	10	countries	country	NOUN
emaj-42	136	11	depends	depend	VERB
emaj-42	136	12	on	on	ADP
emaj-42	136	13	the	the	DET
emaj-42	136	14	risk	risk	NOUN
emaj-42	136	15	directly	directly	ADV
emaj-42	136	16	taken	take	VERB
emaj-42	136	17	by	by	ADP
emaj-42	136	18	the	the	DET
emaj-42	136	19	depositor	depositor	NOUN
emaj-42	136	20	.	.	PUNCT
emaj-42	137	1	this	this	PRON
emaj-42	137	2	is	be	AUX
emaj-42	137	3	will	will	AUX
emaj-42	137	4	be	be	AUX
emaj-42	137	5	shown	show	VERB
emaj-42	137	6	by	by	ADP
emaj-42	137	7	the	the	DET
emaj-42	137	8	fact	fact	NOUN
emaj-42	137	9	that	that	SCONJ
emaj-42	137	10	the	the	DET
emaj-42	137	11	evolution	evolution	NOUN
emaj-42	137	12	of	of	ADP
emaj-42	137	13	deposits	deposit	NOUN
emaj-42	137	14	depends	depend	VERB
emaj-42	137	15	on	on	ADP
emaj-42	137	16	fundamentals	fundamental	NOUN
emaj-42	137	17	of	of	ADP
emaj-42	137	18	the	the	DET
emaj-42	137	19	subsidiary	subsidiary	NOUN
emaj-42	137	20	and	and	CCONJ
emaj-42	137	21	also	also	ADV
emaj-42	137	22	on	on	ADP
emaj-42	137	23	macro	macro	ADJ
emaj-42	137	24	-	-	ADJ
emaj-42	137	25	economic	economic	ADJ
emaj-42	137	26	characteristics	characteristic	NOUN
emaj-42	137	27	of	of	ADP
emaj-42	137	28	the	the	DET
emaj-42	137	29	host	host	NOUN
emaj-42	137	30	country	country	NOUN
emaj-42	137	31	.	.	PUNCT
emaj-42	138	1	the	the	DET
emaj-42	138	2	specific	specific	ADJ
emaj-42	138	3	variables	variable	NOUN
emaj-42	138	4	of	of	ADP
emaj-42	138	5	the	the	DET
emaj-42	138	6	mother	mother	NOUN
emaj-42	138	7	and	and	CCONJ
emaj-42	138	8	the	the	DET
emaj-42	138	9	macroeconomic	macroeconomic	ADJ
emaj-42	138	10	variables	variable	NOUN
emaj-42	138	11	bank	bank	NOUN
emaj-42	138	12	do	do	AUX
emaj-42	138	13	not	not	PART
emaj-42	138	14	affect	affect	VERB
emaj-42	138	15	the	the	DET
emaj-42	138	16	behavior	behavior	NOUN
emaj-42	138	17	of	of	ADP
emaj-42	138	18	depositors	depositor	NOUN
emaj-42	138	19	in	in	ADP
emaj-42	138	20	emerging	emerge	VERB
emaj-42	138	21	countries	country	NOUN
emaj-42	138	22	.	.	PUNCT
emaj-42	139	1	second	second	ADJ
emaj-42	139	2	,	,	PUNCT
emaj-42	139	3	market	market	NOUN
emaj-42	139	4	discipline	discipline	NOUN
emaj-42	139	5	is	be	AUX
emaj-42	139	6	a	a	DET
emaj-42	139	7	fact	fact	NOUN
emaj-42	139	8	that	that	SCONJ
emaj-42	139	9	can	can	AUX
emaj-42	139	10	characterized	characterize	VERB
emaj-42	139	11	the	the	DET
emaj-42	139	12	banking	banking	NOUN
emaj-42	139	13	sectors	sector	NOUN
emaj-42	139	14	in	in	ADP
emaj-42	139	15	emerging	emerge	VERB
emaj-42	139	16	markets	market	NOUN
emaj-42	139	17	and	and	CCONJ
emaj-42	139	18	regulatory	regulatory	ADJ
emaj-42	139	19	authorities	authority	NOUN
emaj-42	139	20	should	should	AUX
emaj-42	139	21	establish	establish	VERB
emaj-42	139	22	prudential	prudential	ADJ
emaj-42	139	23	provisions	provision	NOUN
emaj-42	139	24	necessary	necessary	ADJ
emaj-42	139	25	to	to	PART
emaj-42	139	26	strengthen	strengthen	VERB
emaj-42	139	27	discipline	discipline	NOUN
emaj-42	139	28	in	in	ADP
emaj-42	139	29	their	their	PRON
emaj-42	139	30	markets	market	NOUN
emaj-42	139	31	.	.	PUNCT
emaj-42	140	1	this	this	PRON
emaj-42	140	2	is	be	AUX
emaj-42	140	3	especially	especially	ADV
emaj-42	140	4	necessary	necessary	ADJ
emaj-42	140	5	,	,	PUNCT
emaj-42	140	6	when	when	SCONJ
emaj-42	140	7	it	it	PRON
emaj-42	140	8	is	be	AUX
emaj-42	140	9	shown	show	VERB
emaj-42	140	10	that	that	SCONJ
emaj-42	140	11	this	this	DET
emaj-42	140	12	discipline	discipline	NOUN
emaj-42	140	13	depends	depend	VERB
emaj-42	140	14	on	on	ADP
emaj-42	140	15	systemic	systemic	ADJ
emaj-42	140	16	risks	risk	NOUN
emaj-42	140	17	that	that	PRON
emaj-42	140	18	affect	affect	VERB
emaj-42	140	19	the	the	DET
emaj-42	140	20	fundamentals	fundamental	NOUN
emaj-42	140	21	of	of	ADP
emaj-42	140	22	banks	bank	NOUN
emaj-42	140	23	.	.	PUNCT
emaj-42	141	1	iii	iii	X
emaj-42	141	2	.	.	PROPN
emaj-42	141	3	methodology	methodology	NOUN
emaj-42	141	4	and	and	CCONJ
emaj-42	141	5	data	datum	NOUN
emaj-42	141	6	in	in	ADP
emaj-42	141	7	this	this	DET
emaj-42	141	8	study	study	NOUN
emaj-42	141	9	we	we	PRON
emaj-42	141	10	investigate	investigate	VERB
emaj-42	141	11	the	the	DET
emaj-42	141	12	transmission	transmission	NOUN
emaj-42	141	13	of	of	ADP
emaj-42	141	14	liquidity	liquidity	NOUN
emaj-42	141	15	crises	crisis	NOUN
emaj-42	141	16	from	from	ADP
emaj-42	141	17	developed	develop	VERB
emaj-42	141	18	to	to	ADP
emaj-42	141	19	developing	develop	VERB
emaj-42	141	20	countries	country	NOUN
emaj-42	141	21	through	through	ADP
emaj-42	141	22	foreign	foreign	ADJ
emaj-42	141	23	subsidiaries	subsidiary	NOUN
emaj-42	141	24	.	.	PUNCT
emaj-42	142	1	de	de	ADP
emaj-42	142	2	haas	haas	PROPN
emaj-42	142	3	and	and	CCONJ
emaj-42	142	4	van	van	PROPN
emaj-42	142	5	leyveld	leyveld	PROPN
emaj-42	142	6	(	(	PUNCT
emaj-42	142	7	2010	2010	NUM
emaj-42	142	8	)	)	PUNCT
emaj-42	142	9	show	show	VERB
emaj-42	142	10	that	that	SCONJ
emaj-42	142	11	loan	loan	NOUN
emaj-42	142	12	growth	growth	NOUN
emaj-42	142	13	of	of	ADP
emaj-42	142	14	foreign	foreign	ADJ
emaj-42	142	15	subsidiaries	subsidiary	NOUN
emaj-42	142	16	is	be	AUX
emaj-42	142	17	not	not	PART
emaj-42	142	18	only	only	ADV
emaj-42	142	19	determined	determine	VERB
emaj-42	142	20	by	by	ADP
emaj-42	142	21	their	their	PRON
emaj-42	142	22	own	own	ADJ
emaj-42	142	23	characteristics	characteristic	NOUN
emaj-42	142	24	but	but	CCONJ
emaj-42	142	25	also	also	ADV
emaj-42	142	26	by	by	ADP
emaj-42	142	27	the	the	DET
emaj-42	142	28	characteristics	characteristic	NOUN
emaj-42	142	29	of	of	ADP
emaj-42	142	30	their	their	PRON
emaj-42	142	31	parent	parent	NOUN
emaj-42	142	32	bank	bank	NOUN
emaj-42	142	33	and	and	CCONJ
emaj-42	142	34	the	the	DET
emaj-42	142	35	variables	variable	NOUN
emaj-42	142	36	of	of	ADP
emaj-42	142	37	host	host	NOUN
emaj-42	142	38	countries	country	NOUN
emaj-42	142	39	.	.	PUNCT
emaj-42	143	1	following	follow	VERB
emaj-42	143	2	their	their	PRON
emaj-42	143	3	dr	dr	PROPN
emaj-42	143	4	.	.	PROPN
emaj-42	143	5	mehdi	mehdi	PROPN
emaj-42	143	6	mili	mili	PROPN
emaj-42	143	7	,	,	PUNCT
emaj-42	143	8	prof	prof	PROPN
emaj-42	143	9	.	.	PUNCT
emaj-42	143	10	jean	jean	PROPN
emaj-42	143	11	-	-	PUNCT
emaj-42	143	12	michel	michel	PROPN
emaj-42	143	13	sahut	sahut	VERB
emaj-42	143	14	p	p	PRON
emaj-42	143	15	a	a	DET
emaj-42	143	16	g	g	NOUN
emaj-42	143	17	e	e	NOUN
emaj-42	143	18	|	|	ADV
emaj-42	143	19	34|	34|	NUM
emaj-42	143	20	emerging	emerge	VERB
emaj-42	143	21	markets	market	NOUN
emaj-42	143	22	journal	journal	NOUN
emaj-42	143	23	volume	volume	NOUN
emaj-42	143	24	3	3	NUM
emaj-42	143	25	no	no	DET
emaj-42	143	26	2	2	NUM
emaj-42	143	27	(	(	PUNCT
emaj-42	143	28	2013	2013	NUM
emaj-42	143	29	)	)	PUNCT
emaj-42	143	30	|	|	ADV
emaj-42	143	31	issn	issn	VERB
emaj-42	143	32	2158	2158	NUM
emaj-42	143	33	-	-	SYM
emaj-42	143	34	8708	8708	NUM
emaj-42	143	35	(	(	PUNCT
emaj-42	143	36	online	online	NOUN
emaj-42	143	37	)	)	PUNCT
emaj-42	143	38	|	|	ADV
emaj-42	143	39	10.5195	10.5195	NUM
emaj-42	143	40	/	/	SYM
emaj-42	143	41	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	143	42	|	|	ADV
emaj-42	143	43	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-42	143	44	approach	approach	NOUN
emaj-42	143	45	,	,	PUNCT
emaj-42	143	46	we	we	PRON
emaj-42	143	47	use	use	VERB
emaj-42	143	48	the	the	DET
emaj-42	143	49	annual	annual	ADJ
emaj-42	143	50	change	change	NOUN
emaj-42	143	51	of	of	ADP
emaj-42	143	52	the	the	DET
emaj-42	143	53	logarithm	logarithm	NOUN
emaj-42	143	54	of	of	ADP
emaj-42	143	55	total	total	ADJ
emaj-42	143	56	loans	loan	NOUN
emaj-42	143	57	of	of	ADP
emaj-42	143	58	a	a	DET
emaj-42	143	59	subsidiary	subsidiary	NOUN
emaj-42	143	60	(	(	PUNCT
emaj-42	143	61	δloans	δloan	NOUN
emaj-42	143	62	)	)	PUNCT
emaj-42	143	63	as	as	ADP
emaj-42	143	64	the	the	DET
emaj-42	143	65	variable	variable	NOUN
emaj-42	143	66	that	that	PRON
emaj-42	143	67	describe	describe	VERB
emaj-42	143	68	the	the	DET
emaj-42	143	69	loans	loan	NOUN
emaj-42	143	70	strategy	strategy	NOUN
emaj-42	143	71	of	of	ADP
emaj-42	143	72	the	the	DET
emaj-42	143	73	subsidiaries	subsidiary	NOUN
emaj-42	143	74	.	.	PUNCT
emaj-42	144	1	in	in	ADP
emaj-42	144	2	our	our	PRON
emaj-42	144	3	work	work	NOUN
emaj-42	144	4	,	,	PUNCT
emaj-42	144	5	we	we	PRON
emaj-42	144	6	present	present	VERB
emaj-42	144	7	a	a	DET
emaj-42	144	8	stylized	stylized	ADJ
emaj-42	144	9	model	model	NOUN
emaj-42	144	10	,	,	PUNCT
emaj-42	144	11	which	which	PRON
emaj-42	144	12	specifies	specify	VERB
emaj-42	144	13	the	the	DET
emaj-42	144	14	loan	loan	NOUN
emaj-42	144	15	supply	supply	NOUN
emaj-42	144	16	decision	decision	NOUN
emaj-42	144	17	of	of	ADP
emaj-42	144	18	bank	bank	NOUN
emaj-42	144	19	subsidiaries	subsidiary	NOUN
emaj-42	144	20	in	in	ADP
emaj-42	144	21	light	light	NOUN
emaj-42	144	22	of	of	ADP
emaj-42	144	23	four	four	NUM
emaj-42	144	24	blocks	block	NOUN
emaj-42	144	25	of	of	ADP
emaj-42	144	26	exogenous	exogenous	ADJ
emaj-42	144	27	latent	latent	NOUN
emaj-42	144	28	variables	variable	NOUN
emaj-42	144	29	;	;	PUNCT
emaj-42	144	30	the	the	DET
emaj-42	144	31	two	two	NUM
emaj-42	144	32	first	first	ADJ
emaj-42	144	33	groups	group	NOUN
emaj-42	144	34	are	be	AUX
emaj-42	144	35	specific	specific	ADJ
emaj-42	144	36	variables	variable	NOUN
emaj-42	144	37	of	of	ADP
emaj-42	144	38	subsidiaries	subsidiary	NOUN
emaj-42	144	39	and	and	CCONJ
emaj-42	144	40	their	their	PRON
emaj-42	144	41	parent	parent	NOUN
emaj-42	144	42	banks	bank	NOUN
emaj-42	144	43	.	.	PUNCT
emaj-42	145	1	the	the	DET
emaj-42	145	2	third	third	ADJ
emaj-42	145	3	and	and	CCONJ
emaj-42	145	4	the	the	DET
emaj-42	145	5	fourth	fourth	ADJ
emaj-42	145	6	groups	group	NOUN
emaj-42	145	7	are	be	AUX
emaj-42	145	8	macroeconomic	macroeconomic	ADJ
emaj-42	145	9	variables	variable	NOUN
emaj-42	145	10	of	of	ADP
emaj-42	145	11	origin	origin	NOUN
emaj-42	145	12	and	and	CCONJ
emaj-42	145	13	host	host	NOUN
emaj-42	145	14	country	country	NOUN
emaj-42	145	15	,	,	PUNCT
emaj-42	145	16	respectively	respectively	ADV
emaj-42	145	17	.	.	PUNCT
emaj-42	146	1	specific	specific	ADJ
emaj-42	146	2	financial	financial	ADJ
emaj-42	146	3	variables	variable	NOUN
emaj-42	146	4	banks	bank	NOUN
emaj-42	146	5	for	for	ADP
emaj-42	146	6	subsidiaries	subsidiary	NOUN
emaj-42	146	7	and	and	CCONJ
emaj-42	146	8	parent	parent	NOUN
emaj-42	146	9	banks	bank	NOUN
emaj-42	146	10	include	include	VERB
emaj-42	146	11	,	,	PUNCT
emaj-42	146	12	return	return	VERB
emaj-42	146	13	on	on	ADP
emaj-42	146	14	equity	equity	NOUN
emaj-42	146	15	(	(	PUNCT
emaj-42	146	16	roe	roe	PROPN
emaj-42	146	17	)	)	PUNCT
emaj-42	146	18	,	,	PUNCT
emaj-42	146	19	equity	equity	NOUN
emaj-42	146	20	to	to	ADP
emaj-42	146	21	total	total	ADJ
emaj-42	146	22	assets	asset	NOUN
emaj-42	146	23	(	(	PUNCT
emaj-42	146	24	equity	equity	NOUN
emaj-42	146	25	)	)	PUNCT
emaj-42	146	26	,	,	PUNCT
emaj-42	146	27	assets	asset	NOUN
emaj-42	146	28	liquid	liquid	ADJ
emaj-42	146	29	to	to	ADP
emaj-42	146	30	total	total	ADJ
emaj-42	146	31	assets	asset	NOUN
emaj-42	146	32	(	(	PUNCT
emaj-42	146	33	liquidity	liquidity	NOUN
emaj-42	146	34	)	)	PUNCT
emaj-42	146	35	and	and	CCONJ
emaj-42	146	36	we	we	PRON
emaj-42	146	37	consider	consider	VERB
emaj-42	146	38	provisions	provision	NOUN
emaj-42	146	39	for	for	ADP
emaj-42	146	40	loan	loan	NOUN
emaj-42	146	41	losses	loss	NOUN
emaj-42	146	42	to	to	ADP
emaj-42	146	43	net	net	ADJ
emaj-42	146	44	interest	interest	NOUN
emaj-42	146	45	income	income	NOUN
emaj-42	146	46	(	(	PUNCT
emaj-42	146	47	loan	loan	NOUN
emaj-42	146	48	loss	loss	NOUN
emaj-42	146	49	provisions	provision	NOUN
emaj-42	146	50	)	)	PUNCT
emaj-42	146	51	as	as	ADP
emaj-42	146	52	a	a	DET
emaj-42	146	53	proxy	proxy	NOUN
emaj-42	146	54	for	for	ADP
emaj-42	146	55	credit	credit	NOUN
emaj-42	146	56	risk	risk	NOUN
emaj-42	146	57	following	following	NOUN
emaj-42	146	58	.	.	PUNCT
emaj-42	147	1	we	we	PRON
emaj-42	147	2	expect	expect	VERB
emaj-42	147	3	that	that	SCONJ
emaj-42	147	4	the	the	DET
emaj-42	147	5	capitalization	capitalization	NOUN
emaj-42	147	6	of	of	ADP
emaj-42	147	7	subsidiaries	subsidiary	NOUN
emaj-42	147	8	affect	affect	VERB
emaj-42	147	9	positively	positively	ADV
emaj-42	147	10	loan	loan	NOUN
emaj-42	147	11	growth	growth	NOUN
emaj-42	147	12	,	,	PUNCT
emaj-42	147	13	since	since	SCONJ
emaj-42	147	14	credit	credit	NOUN
emaj-42	147	15	transactions	transaction	NOUN
emaj-42	147	16	are	be	AUX
emaj-42	147	17	generally	generally	ADV
emaj-42	147	18	linked	link	VERB
emaj-42	147	19	to	to	ADP
emaj-42	147	20	effective	effective	ADJ
emaj-42	147	21	and	and	CCONJ
emaj-42	147	22	a	a	DET
emaj-42	147	23	real	real	ADJ
emaj-42	147	24	business	business	NOUN
emaj-42	147	25	which	which	PRON
emaj-42	147	26	is	be	AUX
emaj-42	147	27	based	base	VERB
emaj-42	147	28	on	on	ADP
emaj-42	147	29	risk	risk	NOUN
emaj-42	147	30	sharing	sharing	NOUN
emaj-42	147	31	between	between	ADP
emaj-42	147	32	the	the	DET
emaj-42	147	33	bank	bank	NOUN
emaj-42	147	34	and	and	CCONJ
emaj-42	147	35	its	its	PRON
emaj-42	147	36	customers	customer	NOUN
emaj-42	147	37	.	.	PUNCT
emaj-42	148	1	however	however	ADV
emaj-42	148	2	,	,	PUNCT
emaj-42	148	3	nonperforming	nonperforming	ADJ
emaj-42	148	4	loans	loan	NOUN
emaj-42	148	5	’	'	PUNCT
emaj-42	148	6	provision	provision	NOUN
emaj-42	148	7	should	should	AUX
emaj-42	148	8	have	have	VERB
emaj-42	148	9	a	a	DET
emaj-42	148	10	negative	negative	ADJ
emaj-42	148	11	sign	sign	NOUN
emaj-42	148	12	,	,	PUNCT
emaj-42	148	13	as	as	SCONJ
emaj-42	148	14	banks	bank	NOUN
emaj-42	148	15	reduce	reduce	VERB
emaj-42	148	16	exposure	exposure	NOUN
emaj-42	148	17	in	in	ADP
emaj-42	148	18	countries	country	NOUN
emaj-42	148	19	where	where	SCONJ
emaj-42	148	20	they	they	PRON
emaj-42	148	21	are	be	AUX
emaj-42	148	22	experiencing	experience	VERB
emaj-42	148	23	problems	problem	NOUN
emaj-42	148	24	.	.	PUNCT
emaj-42	149	1	we	we	PRON
emaj-42	149	2	include	include	VERB
emaj-42	149	3	a	a	DET
emaj-42	149	4	variable	variable	ADJ
emaj-42	149	5	size	size	NOUN
emaj-42	149	6	(	(	PUNCT
emaj-42	149	7	size	size	NOUN
emaj-42	149	8	)	)	PUNCT
emaj-42	149	9	,	,	PUNCT
emaj-42	149	10	as	as	ADP
emaj-42	149	11	a	a	DET
emaj-42	149	12	variable	variable	ADJ
emaj-42	149	13	control	control	NOUN
emaj-42	149	14	,	,	PUNCT
emaj-42	149	15	defined	define	VERB
emaj-42	149	16	as	as	ADP
emaj-42	149	17	the	the	DET
emaj-42	149	18	logarithm	logarithm	NOUN
emaj-42	149	19	of	of	ADP
emaj-42	149	20	total	total	ADJ
emaj-42	149	21	assets	asset	NOUN
emaj-42	149	22	.	.	PUNCT
emaj-42	150	1	gambacorta	gambacorta	NOUN
emaj-42	150	2	(	(	PUNCT
emaj-42	150	3	2005	2005	NUM
emaj-42	150	4	)	)	PUNCT
emaj-42	150	5	shows	show	VERB
emaj-42	150	6	that	that	SCONJ
emaj-42	150	7	bank	bank	NOUN
emaj-42	150	8	size	size	NOUN
emaj-42	150	9	is	be	AUX
emaj-42	150	10	irrelevant	irrelevant	ADJ
emaj-42	150	11	;	;	PUNCT
emaj-42	150	12	small	small	ADJ
emaj-42	150	13	banks	bank	NOUN
emaj-42	150	14	are	be	AUX
emaj-42	150	15	not	not	PART
emaj-42	150	16	more	more	ADV
emaj-42	150	17	sensitive	sensitive	ADJ
emaj-42	150	18	to	to	ADP
emaj-42	150	19	monetary	monetary	ADJ
emaj-42	150	20	policy	policy	NOUN
emaj-42	150	21	shocks	shock	NOUN
emaj-42	150	22	than	than	ADP
emaj-42	150	23	large	large	ADJ
emaj-42	150	24	banks	bank	NOUN
emaj-42	150	25	.	.	PUNCT
emaj-42	151	1	the	the	DET
emaj-42	151	2	same	same	ADJ
emaj-42	151	3	specific	specific	ADJ
emaj-42	151	4	variables	variable	NOUN
emaj-42	151	5	are	be	AUX
emaj-42	151	6	used	use	VERB
emaj-42	151	7	to	to	PART
emaj-42	151	8	describe	describe	VERB
emaj-42	151	9	the	the	DET
emaj-42	151	10	financial	financial	ADJ
emaj-42	151	11	situation	situation	NOUN
emaj-42	151	12	of	of	ADP
emaj-42	151	13	the	the	DET
emaj-42	151	14	parent	parent	NOUN
emaj-42	151	15	bank	bank	NOUN
emaj-42	151	16	and	and	CCONJ
emaj-42	151	17	to	to	PART
emaj-42	151	18	construct	construct	VERB
emaj-42	151	19	the	the	DET
emaj-42	151	20	latent	latent	ADJ
emaj-42	151	21	variable	variable	ADJ
emaj-42	151	22	parent	parent	NOUN
emaj-42	151	23	fundamentals	fundamental	NOUN
emaj-42	151	24	.	.	PUNCT
emaj-42	152	1	the	the	DET
emaj-42	152	2	third	third	ADJ
emaj-42	152	3	and	and	CCONJ
emaj-42	152	4	the	the	DET
emaj-42	152	5	fourth	fourth	ADJ
emaj-42	152	6	group	group	NOUN
emaj-42	152	7	of	of	ADP
emaj-42	152	8	variables	variable	NOUN
emaj-42	152	9	consist	consist	VERB
emaj-42	152	10	of	of	ADP
emaj-42	152	11	macro	macro	ADJ
emaj-42	152	12	-	-	ADJ
emaj-42	152	13	economic	economic	ADJ
emaj-42	152	14	variables	variable	NOUN
emaj-42	152	15	of	of	ADP
emaj-42	152	16	host	host	NOUN
emaj-42	152	17	country	country	NOUN
emaj-42	152	18	of	of	ADP
emaj-42	152	19	the	the	DET
emaj-42	152	20	subsidiary	subsidiary	NOUN
emaj-42	152	21	and	and	CCONJ
emaj-42	152	22	the	the	DET
emaj-42	152	23	origin	origin	NOUN
emaj-42	152	24	country	country	NOUN
emaj-42	152	25	of	of	ADP
emaj-42	152	26	parent	parent	NOUN
emaj-42	152	27	bank	bank	NOUN
emaj-42	152	28	.	.	PUNCT
emaj-42	153	1	we	we	PRON
emaj-42	153	2	include	include	VERB
emaj-42	153	3	the	the	DET
emaj-42	153	4	growth	growth	NOUN
emaj-42	153	5	rate	rate	NOUN
emaj-42	153	6	of	of	ADP
emaj-42	153	7	gdp	gdp	NOUN
emaj-42	153	8	(	(	PUNCT
emaj-42	153	9	gdp	gdp	NOUN
emaj-42	153	10	growth	growth	NOUN
emaj-42	153	11	)	)	PUNCT
emaj-42	153	12	and	and	CCONJ
emaj-42	153	13	the	the	DET
emaj-42	153	14	real	real	ADJ
emaj-42	153	15	exchange	exchange	NOUN
emaj-42	153	16	rate	rate	NOUN
emaj-42	153	17	of	of	ADP
emaj-42	153	18	the	the	DET
emaj-42	153	19	u.s	u.s	PROPN
emaj-42	153	20	.	.	PROPN
emaj-42	153	21	dollar	dollar	NOUN
emaj-42	153	22	(	(	PUNCT
emaj-42	153	23	real	real	ADJ
emaj-42	153	24	exchange	exchange	NOUN
emaj-42	153	25	rate	rate	NOUN
emaj-42	153	26	)	)	PUNCT
emaj-42	153	27	.	.	PUNCT
emaj-42	154	1	we	we	PRON
emaj-42	154	2	expect	expect	VERB
emaj-42	154	3	that	that	SCONJ
emaj-42	154	4	lending	lending	NOUN
emaj-42	154	5	by	by	ADP
emaj-42	154	6	foreign	foreign	ADJ
emaj-42	154	7	banks	bank	NOUN
emaj-42	154	8	increase	increase	VERB
emaj-42	154	9	with	with	ADP
emaj-42	154	10	the	the	DET
emaj-42	154	11	local	local	ADJ
emaj-42	154	12	gdp	gdp	NOUN
emaj-42	154	13	and	and	CCONJ
emaj-42	154	14	appreciation	appreciation	NOUN
emaj-42	154	15	of	of	ADP
emaj-42	154	16	the	the	DET
emaj-42	154	17	local	local	ADJ
emaj-42	154	18	currency	currency	NOUN
emaj-42	154	19	.	.	PUNCT
emaj-42	155	1	the	the	DET
emaj-42	155	2	study	study	NOUN
emaj-42	155	3	of	of	ADP
emaj-42	155	4	the	the	DET
emaj-42	155	5	effect	effect	NOUN
emaj-42	155	6	of	of	ADP
emaj-42	155	7	gdp	gdp	NOUN
emaj-42	155	8	on	on	ADP
emaj-42	155	9	the	the	DET
emaj-42	155	10	credit	credit	NOUN
emaj-42	155	11	supply	supply	NOUN
emaj-42	155	12	is	be	AUX
emaj-42	155	13	carried	carry	VERB
emaj-42	155	14	by	by	ADP
emaj-42	155	15	the	the	DET
emaj-42	155	16	assumption	assumption	NOUN
emaj-42	155	17	that	that	SCONJ
emaj-42	155	18	better	well	ADJ
emaj-42	155	19	economic	economic	ADJ
emaj-42	155	20	conditions	condition	NOUN
emaj-42	155	21	increase	increase	VERB
emaj-42	155	22	the	the	DET
emaj-42	155	23	investor	investor	NOUN
emaj-42	155	24	’s	’s	PART
emaj-42	155	25	optimism	optimism	NOUN
emaj-42	155	26	.	.	PUNCT
emaj-42	156	1	a	a	DET
emaj-42	156	2	higher	high	ADJ
emaj-42	156	3	exchange	exchange	NOUN
emaj-42	156	4	rate	rate	NOUN
emaj-42	156	5	results	result	NOUN
emaj-42	156	6	in	in	ADP
emaj-42	156	7	higher	high	ADJ
emaj-42	156	8	imports	import	NOUN
emaj-42	156	9	prices	price	NOUN
emaj-42	156	10	and	and	CCONJ
emaj-42	156	11	in	in	ADP
emaj-42	156	12	turn	turn	NOUN
emaj-42	156	13	,	,	PUNCT
emaj-42	156	14	increases	increase	VERB
emaj-42	156	15	domestic	domestic	ADJ
emaj-42	156	16	prices	price	NOUN
emaj-42	156	17	.	.	PUNCT
emaj-42	157	1	accordingly	accordingly	ADV
emaj-42	157	2	,	,	PUNCT
emaj-42	157	3	a	a	DET
emaj-42	157	4	higher	high	ADJ
emaj-42	157	5	exchange	exchange	NOUN
emaj-42	157	6	rate	rate	NOUN
emaj-42	157	7	reduces	reduce	VERB
emaj-42	157	8	exports	export	NOUN
emaj-42	157	9	’	'	PUNCT
emaj-42	157	10	prices	price	NOUN
emaj-42	157	11	and	and	CCONJ
emaj-42	157	12	thus	thus	ADV
emaj-42	157	13	leading	lead	VERB
emaj-42	157	14	to	to	ADP
emaj-42	157	15	a	a	DET
emaj-42	157	16	higher	high	ADJ
emaj-42	157	17	demand	demand	NOUN
emaj-42	157	18	for	for	ADP
emaj-42	157	19	exports	export	NOUN
emaj-42	157	20	,	,	PUNCT
emaj-42	157	21	kia	kia	NOUN
emaj-42	157	22	and	and	CCONJ
emaj-42	157	23	darrat	darrat	PROPN
emaj-42	157	24	(	(	PUNCT
emaj-42	157	25	2007	2007	NUM
emaj-42	157	26	)	)	PUNCT
emaj-42	157	27	.	.	PUNCT
emaj-42	158	1	as	as	ADP
emaj-42	158	2	a	a	DET
emaj-42	158	3	result	result	NOUN
emaj-42	158	4	,	,	PUNCT
emaj-42	158	5	the	the	DET
emaj-42	158	6	higher	high	ADJ
emaj-42	158	7	demand	demand	NOUN
emaj-42	158	8	for	for	ADP
emaj-42	158	9	resources	resource	NOUN
emaj-42	158	10	creates	create	VERB
emaj-42	158	11	a	a	DET
emaj-42	158	12	pressure	pressure	NOUN
emaj-42	158	13	on	on	ADP
emaj-42	158	14	domestic	domestic	ADJ
emaj-42	158	15	prices	price	NOUN
emaj-42	158	16	and	and	CCONJ
emaj-42	158	17	hence	hence	ADV
emaj-42	158	18	increases	increase	VERB
emaj-42	158	19	loans	loan	NOUN
emaj-42	158	20	in	in	ADP
emaj-42	158	21	islamic	islamic	ADJ
emaj-42	158	22	banks	bank	NOUN
emaj-42	158	23	.	.	PUNCT
emaj-42	159	1	in	in	ADP
emaj-42	159	2	addition	addition	NOUN
emaj-42	159	3	,	,	PUNCT
emaj-42	159	4	to	to	PART
emaj-42	159	5	test	test	VERB
emaj-42	159	6	whether	whether	SCONJ
emaj-42	159	7	the	the	DET
emaj-42	159	8	structure	structure	NOUN
emaj-42	159	9	of	of	ADP
emaj-42	159	10	the	the	DET
emaj-42	159	11	banking	banking	NOUN
emaj-42	159	12	sector	sector	NOUN
emaj-42	159	13	's	's	PART
emaj-42	159	14	liquidity	liquidity	NOUN
emaj-42	159	15	affects	affect	VERB
emaj-42	159	16	the	the	DET
emaj-42	159	17	transmission	transmission	NOUN
emaj-42	159	18	of	of	ADP
emaj-42	159	19	liquidity	liquidity	NOUN
emaj-42	159	20	shocks	shock	NOUN
emaj-42	159	21	we	we	PRON
emaj-42	159	22	include	include	VERB
emaj-42	159	23	the	the	DET
emaj-42	159	24	variable	variable	ADJ
emaj-42	159	25	(	(	PUNCT
emaj-42	159	26	concentration	concentration	NOUN
emaj-42	159	27	)	)	PUNCT
emaj-42	159	28	.	.	PUNCT
emaj-42	160	1	the	the	DET
emaj-42	160	2	concentration	concentration	NOUN
emaj-42	160	3	of	of	ADP
emaj-42	160	4	the	the	DET
emaj-42	160	5	banking	banking	NOUN
emaj-42	160	6	sector	sector	NOUN
emaj-42	160	7	implies	imply	VERB
emaj-42	160	8	the	the	DET
emaj-42	160	9	importance	importance	NOUN
emaj-42	160	10	of	of	ADP
emaj-42	160	11	local	local	ADJ
emaj-42	160	12	banks	bank	NOUN
emaj-42	160	13	in	in	ADP
emaj-42	160	14	the	the	DET
emaj-42	160	15	host	host	NOUN
emaj-42	160	16	country	country	NOUN
emaj-42	160	17	.	.	PUNCT
emaj-42	161	1	we	we	PRON
emaj-42	161	2	estimate	estimate	VERB
emaj-42	161	3	that	that	SCONJ
emaj-42	161	4	more	more	ADV
emaj-42	161	5	high	high	ADJ
emaj-42	161	6	concentration	concentration	NOUN
emaj-42	161	7	lower	low	ADJ
emaj-42	161	8	the	the	DET
emaj-42	161	9	role	role	NOUN
emaj-42	161	10	of	of	ADP
emaj-42	161	11	foreign	foreign	ADJ
emaj-42	161	12	subsidiaries	subsidiary	NOUN
emaj-42	161	13	in	in	ADP
emaj-42	161	14	the	the	DET
emaj-42	161	15	transmission	transmission	NOUN
emaj-42	161	16	of	of	ADP
emaj-42	161	17	liquidity	liquidity	NOUN
emaj-42	161	18	shocks	shock	NOUN
emaj-42	161	19	.	.	PUNCT
emaj-42	162	1	in	in	ADP
emaj-42	162	2	a	a	DET
emaj-42	162	3	following	follow	VERB
emaj-42	162	4	step	step	NOUN
emaj-42	162	5	,	,	PUNCT
emaj-42	162	6	to	to	PART
emaj-42	162	7	test	test	VERB
emaj-42	162	8	the	the	DET
emaj-42	162	9	existence	existence	NOUN
emaj-42	162	10	of	of	ADP
emaj-42	162	11	market	market	NOUN
emaj-42	162	12	discipline	discipline	NOUN
emaj-42	162	13	and	and	CCONJ
emaj-42	162	14	to	to	PART
emaj-42	162	15	identify	identify	VERB
emaj-42	162	16	its	its	PRON
emaj-42	162	17	mechanism	mechanism	NOUN
emaj-42	162	18	,	,	PUNCT
emaj-42	162	19	we	we	PRON
emaj-42	162	20	use	use	VERB
emaj-42	162	21	the	the	DET
emaj-42	162	22	change	change	NOUN
emaj-42	162	23	in	in	ADP
emaj-42	162	24	bank	bank	NOUN
emaj-42	162	25	deposits	deposit	NOUN
emaj-42	162	26	(	(	PUNCT
emaj-42	162	27	δdeposits	δdeposit	NOUN
emaj-42	162	28	)	)	PUNCT
emaj-42	162	29	as	as	ADP
emaj-42	162	30	measure	measure	NOUN
emaj-42	162	31	for	for	ADP
emaj-42	162	32	market	market	NOUN
emaj-42	162	33	discipline	discipline	NOUN
emaj-42	162	34	.	.	PUNCT
emaj-42	163	1	we	we	PRON
emaj-42	163	2	assume	assume	VERB
emaj-42	163	3	that	that	SCONJ
emaj-42	163	4	a	a	DET
emaj-42	163	5	double	double	ADJ
emaj-42	163	6	evaluation	evaluation	NOUN
emaj-42	163	7	of	of	ADP
emaj-42	163	8	risks	risk	NOUN
emaj-42	163	9	by	by	ADP
emaj-42	163	10	both	both	CCONJ
emaj-42	163	11	the	the	DET
emaj-42	163	12	counter	counter	NOUN
emaj-42	163	13	-	-	NOUN
emaj-42	163	14	party	party	NOUN
emaj-42	163	15	and	and	CCONJ
emaj-42	163	16	the	the	DET
emaj-42	163	17	bank	bank	NOUN
emaj-42	163	18	should	should	AUX
emaj-42	163	19	help	help	VERB
emaj-42	163	20	introduce	introduce	VERB
emaj-42	163	21	a	a	DET
emaj-42	163	22	healthy	healthy	ADJ
emaj-42	163	23	discipline	discipline	NOUN
emaj-42	163	24	in	in	ADP
emaj-42	163	25	the	the	DET
emaj-42	163	26	whole	whole	ADJ
emaj-42	163	27	banking	banking	NOUN
emaj-42	163	28	business	business	NOUN
emaj-42	163	29	and	and	CCONJ
emaj-42	163	30	eliminate	eliminate	VERB
emaj-42	163	31	a	a	DET
emaj-42	163	32	range	range	NOUN
emaj-42	163	33	of	of	ADP
emaj-42	163	34	undesirable	undesirable	ADJ
emaj-42	163	35	lending	lending	NOUN
emaj-42	163	36	practices	practice	NOUN
emaj-42	163	37	.	.	PUNCT
emaj-42	164	1	the	the	DET
emaj-42	164	2	sample	sample	NOUN
emaj-42	164	3	used	use	VERB
emaj-42	164	4	in	in	ADP
emaj-42	164	5	this	this	DET
emaj-42	164	6	study	study	NOUN
emaj-42	164	7	focuses	focus	VERB
emaj-42	164	8	on	on	ADP
emaj-42	164	9	banks	bank	NOUN
emaj-42	164	10	'	'	PART
emaj-42	164	11	subsidiaries	subsidiary	NOUN
emaj-42	164	12	existing	exist	VERB
emaj-42	164	13	in	in	ADP
emaj-42	164	14	emerging	emerge	VERB
emaj-42	164	15	countries	country	NOUN
emaj-42	164	16	and	and	CCONJ
emaj-42	164	17	whose	whose	DET
emaj-42	164	18	parent	parent	NOUN
emaj-42	164	19	banks	bank	NOUN
emaj-42	164	20	are	be	AUX
emaj-42	164	21	located	locate	VERB
emaj-42	164	22	in	in	ADP
emaj-42	164	23	developed	develop	VERB
emaj-42	164	24	countries	country	NOUN
emaj-42	164	25	.	.	PUNCT
emaj-42	165	1	we	we	PRON
emaj-42	165	2	collect	collect	VERB
emaj-42	165	3	data	datum	NOUN
emaj-42	165	4	on	on	ADP
emaj-42	165	5	590	590	NUM
emaj-42	165	6	foreign	foreign	ADJ
emaj-42	165	7	subsidiaries	subsidiary	NOUN
emaj-42	165	8	operating	operate	VERB
emaj-42	165	9	in	in	ADP
emaj-42	165	10	emerging	emerge	VERB
emaj-42	165	11	countries	country	NOUN
emaj-42	165	12	and	and	CCONJ
emaj-42	165	13	that	that	PRON
emaj-42	165	14	are	be	AUX
emaj-42	165	15	associated	associate	VERB
emaj-42	165	16	with	with	ADP
emaj-42	165	17	270	270	NUM
emaj-42	165	18	parent	parent	NOUN
emaj-42	165	19	bank	bank	NOUN
emaj-42	165	20	which	which	PRON
emaj-42	165	21	operate	operate	VERB
emaj-42	165	22	in	in	ADP
emaj-42	165	23	developed	develop	VERB
emaj-42	165	24	countries	country	NOUN
emaj-42	165	25	.	.	PUNCT
emaj-42	166	1	this	this	DET
emaj-42	166	2	paper	paper	NOUN
emaj-42	166	3	combines	combine	VERB
emaj-42	166	4	financial	financial	ADJ
emaj-42	166	5	data	datum	NOUN
emaj-42	166	6	of	of	ADP
emaj-42	166	7	subsidiaries	subsidiary	NOUN
emaj-42	166	8	and	and	CCONJ
emaj-42	166	9	determinants	determinant	NOUN
emaj-42	166	10	of	of	ADP
emaj-42	166	11	loans	loan	NOUN
emaj-42	166	12	and	and	CCONJ
emaj-42	166	13	deposits	deposit	NOUN
emaj-42	166	14	strategies	strategy	NOUN
emaj-42	166	15	of	of	ADP
emaj-42	166	16	foreign	foreign	ADJ
emaj-42	166	17	bank	bank	NOUN
emaj-42	166	18	subsidiaries	subsidiary	NOUN
emaj-42	166	19	in	in	ADP
emaj-42	166	20	emerging	emerge	VERB
emaj-42	166	21	countries	country	NOUN
emaj-42	166	22	emerging	emerge	VERB
emaj-42	166	23	markets	market	NOUN
emaj-42	166	24	journal	journal	NOUN
emaj-42	167	1	|	|	ADV
emaj-42	167	2	p	p	NOUN
emaj-42	167	3	a	a	DET
emaj-42	167	4	g	g	NOUN
emaj-42	167	5	e	e	NOUN
emaj-42	167	6	|35	|35	PRON
emaj-42	167	7	volume	volume	VERB
emaj-42	167	8	3	3	NUM
emaj-42	167	9	no	no	DET
emaj-42	167	10	2	2	NUM
emaj-42	167	11	(	(	PUNCT
emaj-42	167	12	2013	2013	NUM
emaj-42	167	13	)	)	PUNCT
emaj-42	167	14	|	|	ADV
emaj-42	167	15	issn	issn	VERB
emaj-42	167	16	2158	2158	NUM
emaj-42	167	17	-	-	SYM
emaj-42	167	18	8708	8708	NUM
emaj-42	167	19	(	(	PUNCT
emaj-42	167	20	online	online	NOUN
emaj-42	167	21	)	)	PUNCT
emaj-42	168	1	|	|	ADV
emaj-42	168	2	10.5195	10.5195	NUM
emaj-42	168	3	/	/	SYM
emaj-42	168	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	168	5	|	|	ADV
emaj-42	168	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	168	7	macroeconomic	macroeconomic	ADJ
emaj-42	168	8	variables	variable	NOUN
emaj-42	168	9	of	of	ADP
emaj-42	168	10	both	both	DET
emaj-42	168	11	host	host	NOUN
emaj-42	168	12	and	and	CCONJ
emaj-42	168	13	home	home	NOUN
emaj-42	168	14	countries	country	NOUN
emaj-42	168	15	to	to	PART
emaj-42	168	16	investigate	investigate	VERB
emaj-42	168	17	determinants	determinant	NOUN
emaj-42	168	18	of	of	ADP
emaj-42	168	19	loans	loan	NOUN
emaj-42	168	20	shock	shock	NOUN
emaj-42	168	21	transmission	transmission	NOUN
emaj-42	168	22	from	from	ADP
emaj-42	168	23	developed	develop	VERB
emaj-42	168	24	to	to	ADP
emaj-42	168	25	emerging	emerge	VERB
emaj-42	168	26	countries	country	NOUN
emaj-42	168	27	.	.	PUNCT
emaj-42	169	1	the	the	DET
emaj-42	169	2	financial	financial	ADJ
emaj-42	169	3	information	information	NOUN
emaj-42	169	4	on	on	ADP
emaj-42	169	5	subsidiaries	subsidiary	NOUN
emaj-42	169	6	was	be	AUX
emaj-42	169	7	collected	collect	VERB
emaj-42	169	8	from	from	ADP
emaj-42	169	9	bank	bank	NOUN
emaj-42	169	10	scope	scope	NOUN
emaj-42	169	11	data	datum	NOUN
emaj-42	169	12	base	base	NOUN
emaj-42	169	13	.	.	PUNCT
emaj-42	170	1	table1	table1	PROPN
emaj-42	170	2	provides	provide	VERB
emaj-42	170	3	descriptive	descriptive	ADJ
emaj-42	170	4	statistics	statistic	NOUN
emaj-42	170	5	of	of	ADP
emaj-42	170	6	our	our	PRON
emaj-42	170	7	sample	sample	NOUN
emaj-42	170	8	.	.	PUNCT
emaj-42	171	1	the	the	DET
emaj-42	171	2	table	table	NOUN
emaj-42	171	3	shows	show	VERB
emaj-42	171	4	that	that	SCONJ
emaj-42	171	5	total	total	ADJ
emaj-42	171	6	assets	asset	NOUN
emaj-42	171	7	of	of	ADP
emaj-42	171	8	parent	parent	NOUN
emaj-42	171	9	banks	bank	NOUN
emaj-42	171	10	are	be	AUX
emaj-42	171	11	on	on	ADP
emaj-42	171	12	average	average	ADJ
emaj-42	171	13	much	much	ADV
emaj-42	171	14	higher	high	ADJ
emaj-42	171	15	than	than	ADP
emaj-42	171	16	those	those	DET
emaj-42	171	17	subsidiaries	subsidiary	NOUN
emaj-42	171	18	.	.	PUNCT
emaj-42	172	1	however	however	ADV
emaj-42	172	2	,	,	PUNCT
emaj-42	172	3	liquidity	liquidity	NOUN
emaj-42	172	4	and	and	CCONJ
emaj-42	172	5	the	the	DET
emaj-42	172	6	roe	roe	NOUN
emaj-42	172	7	subsidiaries	subsidiary	NOUN
emaj-42	172	8	exceed	exceed	VERB
emaj-42	172	9	those	those	PRON
emaj-42	172	10	of	of	ADP
emaj-42	172	11	parent	parent	NOUN
emaj-42	172	12	banks	bank	NOUN
emaj-42	172	13	.	.	PUNCT
emaj-42	173	1	table	table	NOUN
emaj-42	173	2	1	1	NUM
emaj-42	173	3	.	.	PUNCT
emaj-42	174	1	summary	summary	NOUN
emaj-42	174	2	statistics	statistic	NOUN
emaj-42	174	3	of	of	ADP
emaj-42	174	4	all	all	DET
emaj-42	174	5	subsidiaries	subsidiary	NOUN
emaj-42	174	6	to	to	PART
emaj-42	174	7	test	test	VERB
emaj-42	174	8	the	the	DET
emaj-42	174	9	impact	impact	NOUN
emaj-42	174	10	of	of	ADP
emaj-42	174	11	each	each	DET
emaj-42	174	12	group	group	NOUN
emaj-42	174	13	of	of	ADP
emaj-42	174	14	variables	variable	NOUN
emaj-42	174	15	on	on	ADP
emaj-42	174	16	both	both	DET
emaj-42	174	17	credit	credit	NOUN
emaj-42	174	18	strategy	strategy	NOUN
emaj-42	174	19	of	of	ADP
emaj-42	174	20	foreign	foreign	ADJ
emaj-42	174	21	subsidiaries	subsidiary	NOUN
emaj-42	174	22	and	and	CCONJ
emaj-42	174	23	market	market	NOUN
emaj-42	174	24	discipline	discipline	NOUN
emaj-42	174	25	exerted	exert	VERB
emaj-42	174	26	by	by	ADP
emaj-42	174	27	the	the	DET
emaj-42	174	28	depositors	depositor	NOUN
emaj-42	174	29	in	in	ADP
emaj-42	174	30	emerging	emerge	VERB
emaj-42	174	31	markets	market	NOUN
emaj-42	174	32	,	,	PUNCT
emaj-42	174	33	we	we	PRON
emaj-42	174	34	apply	apply	VERB
emaj-42	174	35	a	a	DET
emaj-42	174	36	consistent	consistent	ADJ
emaj-42	174	37	econometric	econometric	ADJ
emaj-42	174	38	approach	approach	NOUN
emaj-42	174	39	pls	pls	INTJ
emaj-42	174	40	path	path	NOUN
emaj-42	174	41	that	that	PRON
emaj-42	174	42	allows	allow	VERB
emaj-42	174	43	us	we	PRON
emaj-42	174	44	to	to	PART
emaj-42	174	45	estimate	estimate	VERB
emaj-42	174	46	complex	complex	ADJ
emaj-42	174	47	causal	causal	ADJ
emaj-42	174	48	relationship	relationship	NOUN
emaj-42	174	49	between	between	ADP
emaj-42	174	50	latent	latent	NOUN
emaj-42	174	51	variables	variable	NOUN
emaj-42	174	52	measured	measure	VERB
emaj-42	174	53	themselves	themselves	PRON
emaj-42	174	54	by	by	ADP
emaj-42	174	55	called	call	VERB
emaj-42	174	56	manifest	manifest	ADJ
emaj-42	174	57	observed	observe	VERB
emaj-42	174	58	variables	variable	NOUN
emaj-42	174	59	.	.	PUNCT
emaj-42	175	1	pls	pls	PROPN
emaj-42	175	2	is	be	AUX
emaj-42	175	3	a	a	DET
emaj-42	175	4	structured	structured	ADJ
emaj-42	175	5	equation	equation	NOUN
emaj-42	175	6	modeling	modeling	NOUN
emaj-42	175	7	technique	technique	NOUN
emaj-42	175	8	that	that	PRON
emaj-42	175	9	can	can	AUX
emaj-42	175	10	analyze	analyze	VERB
emaj-42	175	11	structural	structural	ADJ
emaj-42	175	12	equation	equation	NOUN
emaj-42	175	13	models	model	NOUN
emaj-42	175	14	(	(	PUNCT
emaj-42	175	15	sems	sem	NOUN
emaj-42	175	16	)	)	PUNCT
emaj-42	175	17	involving	involve	VERB
emaj-42	175	18	multiple	multiple	ADJ
emaj-42	175	19	-	-	PUNCT
emaj-42	175	20	item	item	NOUN
emaj-42	175	21	constructs	construct	NOUN
emaj-42	175	22	,	,	PUNCT
emaj-42	175	23	with	with	ADP
emaj-42	175	24	direct	direct	ADJ
emaj-42	175	25	and	and	CCONJ
emaj-42	175	26	indirect	indirect	ADJ
emaj-42	175	27	paths	path	NOUN
emaj-42	175	28	.	.	PUNCT
emaj-42	176	1	this	this	DET
emaj-42	176	2	approach	approach	NOUN
emaj-42	176	3	is	be	AUX
emaj-42	176	4	a	a	DET
emaj-42	176	5	method	method	NOUN
emaj-42	176	6	of	of	ADP
emaj-42	176	7	analysis	analysis	NOUN
emaj-42	176	8	to	to	PART
emaj-42	176	9	study	study	VERB
emaj-42	176	10	the	the	DET
emaj-42	176	11	impact	impact	NOUN
emaj-42	176	12	of	of	ADP
emaj-42	176	13	a	a	DET
emaj-42	176	14	number	number	NOUN
emaj-42	176	15	of	of	ADP
emaj-42	176	16	blocks	block	NOUN
emaj-42	176	17	of	of	ADP
emaj-42	176	18	variables	variable	NOUN
emaj-42	176	19	on	on	ADP
emaj-42	176	20	the	the	DET
emaj-42	176	21	same	same	ADJ
emaj-42	176	22	individuals	individual	NOUN
emaj-42	176	23	(	(	PUNCT
emaj-42	176	24	tenehaus	tenehaus	PROPN
emaj-42	176	25	,	,	PUNCT
emaj-42	176	26	1998	1998	NUM
emaj-42	176	27	)	)	PUNCT
emaj-42	176	28	.	.	PUNCT
emaj-42	177	1	the	the	DET
emaj-42	177	2	pls	pls	PROPN
emaj-42	177	3	method	method	NOUN
emaj-42	177	4	works	work	VERB
emaj-42	177	5	by	by	ADP
emaj-42	177	6	extracting	extract	VERB
emaj-42	177	7	successive	successive	ADJ
emaj-42	177	8	linear	linear	ADJ
emaj-42	177	9	combinations	combination	NOUN
emaj-42	177	10	of	of	ADP
emaj-42	177	11	the	the	DET
emaj-42	177	12	predictors	predictor	NOUN
emaj-42	177	13	and	and	CCONJ
emaj-42	177	14	is	be	AUX
emaj-42	177	15	effective	effective	ADJ
emaj-42	177	16	in	in	ADP
emaj-42	177	17	explaining	explain	VERB
emaj-42	177	18	both	both	DET
emaj-42	177	19	response	response	NOUN
emaj-42	177	20	and	and	CCONJ
emaj-42	177	21	predictor	predictor	NOUN
emaj-42	177	22	variation	variation	NOUN
emaj-42	177	23	.	.	PUNCT
emaj-42	178	1	the	the	DET
emaj-42	178	2	pls	pls	PROPN
emaj-42	178	3	path	path	NOUN
emaj-42	178	4	regression	regression	NOUN
emaj-42	178	5	is	be	AUX
emaj-42	178	6	a	a	DET
emaj-42	178	7	powerful	powerful	ADJ
emaj-42	178	8	approach	approach	NOUN
emaj-42	178	9	for	for	ADP
emaj-42	178	10	analyzing	analyzing	NOUN
emaj-42	178	11	models	model	NOUN
emaj-42	178	12	because	because	SCONJ
emaj-42	178	13	of	of	ADP
emaj-42	178	14	the	the	DET
emaj-42	178	15	minimal	minimal	ADJ
emaj-42	178	16	demands	demand	NOUN
emaj-42	178	17	on	on	ADP
emaj-42	178	18	measurement	measurement	NOUN
emaj-42	178	19	scales	scale	NOUN
emaj-42	178	20	,	,	PUNCT
emaj-42	178	21	sample	sample	NOUN
emaj-42	178	22	size	size	NOUN
emaj-42	178	23	,	,	PUNCT
emaj-42	178	24	and	and	CCONJ
emaj-42	178	25	residual	residual	ADJ
emaj-42	178	26	distributions	distribution	NOUN
emaj-42	178	27	.	.	PUNCT
emaj-42	179	1	the	the	DET
emaj-42	179	2	emphasis	emphasis	NOUN
emaj-42	179	3	of	of	ADP
emaj-42	179	4	pls	pls	PROPN
emaj-42	179	5	is	be	AUX
emaj-42	179	6	on	on	ADP
emaj-42	179	7	predicting	predict	VERB
emaj-42	179	8	the	the	DET
emaj-42	179	9	responses	response	NOUN
emaj-42	179	10	as	as	ADV
emaj-42	179	11	well	well	ADV
emaj-42	179	12	as	as	ADP
emaj-42	179	13	on	on	ADP
emaj-42	179	14	understanding	understand	VERB
emaj-42	179	15	the	the	DET
emaj-42	179	16	underlying	underlie	VERB
emaj-42	179	17	relationship	relationship	NOUN
emaj-42	179	18	between	between	ADP
emaj-42	179	19	the	the	DET
emaj-42	179	20	variables	variable	NOUN
emaj-42	179	21	.	.	PUNCT
emaj-42	180	1	generally	generally	ADV
emaj-42	180	2	,	,	PUNCT
emaj-42	180	3	groups	group	NOUN
emaj-42	180	4	of	of	ADP
emaj-42	180	5	variable	variable	NOUN
emaj-42	180	6	have	have	VERB
emaj-42	180	7	some	some	DET
emaj-42	180	8	particular	particular	ADJ
emaj-42	180	9	features	feature	NOUN
emaj-42	180	10	such	such	ADJ
emaj-42	180	11	as	as	ADP
emaj-42	180	12	high	high	ADJ
emaj-42	180	13	correlations	correlation	NOUN
emaj-42	180	14	.	.	PUNCT
emaj-42	181	1	this	this	PRON
emaj-42	181	2	leads	lead	VERB
emaj-42	181	3	to	to	ADP
emaj-42	181	4	a	a	DET
emaj-42	181	5	problem	problem	NOUN
emaj-42	181	6	of	of	ADP
emaj-42	181	7	multicolinearity	multicolinearity	NOUN
emaj-42	181	8	and	and	CCONJ
emaj-42	181	9	makes	make	VERB
emaj-42	181	10	it	it	PRON
emaj-42	181	11	difficult	difficult	ADJ
emaj-42	181	12	predictive	predictive	ADJ
emaj-42	181	13	modeling	modeling	NOUN
emaj-42	181	14	using	use	VERB
emaj-42	181	15	classical	classical	ADJ
emaj-42	181	16	regression	regression	NOUN
emaj-42	181	17	methods	method	NOUN
emaj-42	181	18	.	.	PUNCT
emaj-42	182	1	hence	hence	ADV
emaj-42	182	2	,	,	PUNCT
emaj-42	182	3	the	the	DET
emaj-42	182	4	use	use	NOUN
emaj-42	182	5	of	of	ADP
emaj-42	182	6	structural	structural	ADJ
emaj-42	182	7	equation	equation	NOUN
emaj-42	182	8	models	model	NOUN
emaj-42	182	9	of	of	ADP
emaj-42	182	10	latent	latent	NOUN
emaj-42	182	11	variable	variable	NOUN
emaj-42	182	12	.	.	PUNCT
emaj-42	183	1	in	in	ADP
emaj-42	183	2	our	our	PRON
emaj-42	183	3	research	research	NOUN
emaj-42	183	4	we	we	PRON
emaj-42	183	5	consider	consider	VERB
emaj-42	183	6	six	six	NUM
emaj-42	183	7	groups	group	NOUN
emaj-42	183	8	of	of	ADP
emaj-42	183	9	variables	variable	NOUN
emaj-42	183	10	,	,	PUNCT
emaj-42	183	11	each	each	PRON
emaj-42	183	12	of	of	ADP
emaj-42	183	13	which	which	PRON
emaj-42	183	14	is	be	AUX
emaj-42	183	15	determined	determine	VERB
emaj-42	183	16	by	by	ADP
emaj-42	183	17	i	i	PRON
emaj-42	183	18	manifest	manifest	VERB
emaj-42	183	19	variables	variable	NOUN
emaj-42	183	20	:	:	PUNCT
emaj-42	183	21	let	let	VERB
emaj-42	183	22	xij	xij	PRON
emaj-42	183	23	be	be	AUX
emaj-42	183	24	the	the	DET
emaj-42	183	25	vector	vector	NOUN
emaj-42	183	26	of	of	ADP
emaj-42	183	27	i	i	PRON
emaj-42	183	28	manifest	manifest	VERB
emaj-42	183	29	variables	variable	NOUN
emaj-42	183	30	of	of	ADP
emaj-42	183	31	the	the	DET
emaj-42	183	32	latent	latent	NOUN
emaj-42	183	33	variable	variable	NOUN
emaj-42	183	34	j.	j.	PROPN
emaj-42	183	35	each	each	DET
emaj-42	183	36	group	group	NOUN
emaj-42	183	37	variable	variable	NOUN
emaj-42	183	38	is	be	AUX
emaj-42	183	39	observable	observable	ADJ
emaj-42	183	40	expression	expression	NOUN
emaj-42	183	41	of	of	ADP
emaj-42	183	42	a	a	DET
emaj-42	183	43	latent	latent	NOUN
emaj-42	183	44	variable	variable	NOUN
emaj-42	183	45	ξj	ξj	NOUN
emaj-42	183	46	whose	whose	DET
emaj-42	183	47	average	average	NOUN
emaj-42	183	48	is	be	AUX
emaj-42	183	49	denoted	denote	VERB
emaj-42	183	50	mj	mj	PROPN
emaj-42	183	51	.	.	PUNCT
emaj-42	184	1	a	a	DET
emaj-42	184	2	hierarchical	hierarchical	ADJ
emaj-42	184	3	classification	classification	NOUN
emaj-42	184	4	of	of	ADP
emaj-42	184	5	manifest	manifest	ADJ
emaj-42	184	6	variables	variable	NOUN
emaj-42	184	7	is	be	AUX
emaj-42	184	8	first	first	ADV
emaj-42	184	9	performed	perform	VERB
emaj-42	184	10	to	to	PART
emaj-42	184	11	obtain	obtain	VERB
emaj-42	184	12	blocks	block	NOUN
emaj-42	184	13	of	of	ADP
emaj-42	184	14	variables	variable	NOUN
emaj-42	184	15	representing	represent	VERB
emaj-42	184	16	the	the	DET
emaj-42	184	17	latent	latent	NOUN
emaj-42	184	18	variables	variable	NOUN
emaj-42	184	19	in	in	ADP
emaj-42	184	20	the	the	DET
emaj-42	184	21	model	model	NOUN
emaj-42	184	22	to	to	PART
emaj-42	184	23	estimate	estimate	VERB
emaj-42	184	24	.	.	PUNCT
emaj-42	185	1	the	the	DET
emaj-42	185	2	causal	causal	ADJ
emaj-42	185	3	relationships	relationship	NOUN
emaj-42	185	4	between	between	ADP
emaj-42	185	5	these	these	DET
emaj-42	185	6	blocks	block	NOUN
emaj-42	185	7	are	be	AUX
emaj-42	185	8	made	make	VERB
emaj-42	185	9	with	with	ADP
emaj-42	185	10	partial	partial	ADJ
emaj-42	185	11	correlations	correlation	NOUN
emaj-42	185	12	.	.	PUNCT
emaj-42	186	1	then	then	ADV
emaj-42	186	2	,	,	PUNCT
emaj-42	186	3	the	the	DET
emaj-42	186	4	external	external	ADJ
emaj-42	186	5	model	model	NOUN
emaj-42	186	6	is	be	AUX
emaj-42	186	7	specified	specify	VERB
emaj-42	186	8	with	with	ADP
emaj-42	186	9	the	the	DET
emaj-42	186	10	reflective	reflective	ADJ
emaj-42	186	11	mode	mode	NOUN
emaj-42	186	12	to	to	ADP
emaj-42	186	13	the	the	DET
emaj-42	186	14	extent	extent	NOUN
emaj-42	186	15	that	that	PRON
emaj-42	186	16	manifest	manif	ADJ
emaj-42	186	17	variables	variable	NOUN
emaj-42	186	18	were	be	AUX
emaj-42	186	19	chosen	choose	VERB
emaj-42	186	20	so	so	SCONJ
emaj-42	186	21	that	that	SCONJ
emaj-42	186	22	they	they	PRON
emaj-42	186	23	reflect	reflect	VERB
emaj-42	186	24	the	the	DET
emaj-42	186	25	dimension	dimension	NOUN
emaj-42	186	26	to	to	PART
emaj-42	186	27	which	which	PRON
emaj-42	186	28	they	they	PRON
emaj-42	186	29	refer	refer	VERB
emaj-42	186	30	.	.	PUNCT
emaj-42	187	1	we	we	PRON
emaj-42	187	2	consider	consider	VERB
emaj-42	187	3	the	the	DET
emaj-42	187	4	following	follow	VERB
emaj-42	187	5	causal	causal	ADJ
emaj-42	187	6	model	model	NOUN
emaj-42	187	7	:	:	PUNCT
emaj-42	187	8	banks	bank	NOUN
emaj-42	187	9	subsidiaries	subsidiarie	VERB
emaj-42	187	10	parent	parent	NOUN
emaj-42	187	11	banks	bank	NOUN
emaj-42	187	12	mean	mean	VERB
emaj-42	187	13	std	std	PROPN
emaj-42	187	14	.	.	PUNCT
emaj-42	188	1	dev	dev	PROPN
emaj-42	188	2	mean	mean	NOUN
emaj-42	189	1	std	std	PROPN
emaj-42	189	2	.	.	PUNCT
emaj-42	189	3	dev	dev	PROPN
emaj-42	189	4	∆	∆	PROPN
emaj-42	189	5	ioan	ioan	PROPN
emaj-42	189	6	0.037	0.037	NUM
emaj-42	189	7	1.837	1.837	NUM
emaj-42	189	8	0.182	0.182	NUM
emaj-42	189	9	0.631	0.631	NUM
emaj-42	189	10	δbank	δbank	NOUN
emaj-42	189	11	deposits	deposit	NOUN
emaj-42	189	12	0.169	0.169	NUM
emaj-42	189	13	1.521	1.521	NUM
emaj-42	189	14	0.071	0.071	NUM
emaj-42	189	15	2.998	2.998	NUM
emaj-42	189	16	total	total	ADJ
emaj-42	189	17	assets	asset	NOUN
emaj-42	189	18	3681	3681	NUM
emaj-42	189	19	11.632	11.632	NUM
emaj-42	189	20	15972	15972	NUM
emaj-42	189	21	23.061	23.061	NUM
emaj-42	189	22	loan	loan	NOUN
emaj-42	189	23	loss	loss	NOUN
emaj-42	189	24	0.391	0.391	NUM
emaj-42	189	25	2.635	2.635	NUM
emaj-42	189	26	1.517	1.517	NUM
emaj-42	189	27	4.713	4.713	NUM
emaj-42	189	28	equity	equity	NOUN
emaj-42	189	29	0.422	0.422	NUM
emaj-42	189	30	2.641	2.641	NUM
emaj-42	189	31	0.572	0.572	NUM
emaj-42	189	32	8.671	8.671	NUM
emaj-42	189	33	roe	roe	NOUN
emaj-42	189	34	0.731	0.731	NUM
emaj-42	189	35	4.729	4.729	NUM
emaj-42	189	36	0.341	0.341	NUM
emaj-42	189	37	2.742	2.742	NUM
emaj-42	189	38	liquidity	liquidity	NOUN
emaj-42	189	39	0.389	0.389	NUM
emaj-42	189	40	2.631	2.631	NUM
emaj-42	189	41	0.277	0.277	NUM
emaj-42	189	42	3.974	3.974	NUM
emaj-42	189	43	interbank	interbank	NOUN
emaj-42	189	44	5.363	5.363	NUM
emaj-42	189	45	0.644	0.644	NUM
emaj-42	189	46	2.731	2.731	NUM
emaj-42	189	47	6.370	6.370	NUM
emaj-42	189	48	dr	dr	PROPN
emaj-42	189	49	.	.	PROPN
emaj-42	189	50	mehdi	mehdi	PROPN
emaj-42	189	51	mili	mili	PROPN
emaj-42	189	52	,	,	PUNCT
emaj-42	189	53	prof	prof	PROPN
emaj-42	189	54	.	.	PUNCT
emaj-42	190	1	jean	jean	PROPN
emaj-42	190	2	-	-	PUNCT
emaj-42	190	3	michel	michel	PROPN
emaj-42	190	4	sahut	sahut	VERB
emaj-42	190	5	p	p	PRON
emaj-42	190	6	a	a	DET
emaj-42	190	7	g	g	NOUN
emaj-42	190	8	e	e	PROPN
emaj-42	190	9	|	|	ADV
emaj-42	190	10	36|	36|	NUM
emaj-42	190	11	emerging	emerge	VERB
emaj-42	190	12	markets	market	NOUN
emaj-42	190	13	journal	journal	NOUN
emaj-42	190	14	volume	volume	NOUN
emaj-42	190	15	3	3	NUM
emaj-42	190	16	no	no	DET
emaj-42	190	17	2	2	NUM
emaj-42	190	18	(	(	PUNCT
emaj-42	190	19	2013	2013	NUM
emaj-42	190	20	)	)	PUNCT
emaj-42	190	21	|	|	ADV
emaj-42	190	22	issn	issn	VERB
emaj-42	190	23	2158	2158	NUM
emaj-42	190	24	-	-	SYM
emaj-42	190	25	8708	8708	NUM
emaj-42	190	26	(	(	PUNCT
emaj-42	190	27	online	online	NOUN
emaj-42	190	28	)	)	PUNCT
emaj-42	190	29	|	|	ADV
emaj-42	190	30	10.5195	10.5195	NUM
emaj-42	190	31	/	/	SYM
emaj-42	190	32	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	191	1	|	|	ADV
emaj-42	191	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	191	3	macro	macro	ADJ
emaj-42	191	4	parent	parent	NOUN
emaj-42	191	5	subsidiar	subsidiar	PROPN
emaj-42	191	6	ies	ies	PROPN
emaj-42	191	7	fundame	fundame	PROPN
emaj-42	191	8	ntals	ntal	NOUN
emaj-42	191	9	δloa	δloa	VERB
emaj-42	191	10	ns	ns	NUM
emaj-42	191	11	parent	parent	NOUN
emaj-42	191	12	fundam	fundam	ADJ
emaj-42	191	13	entals	ental	NOUN
emaj-42	191	14	δdep	δdep	PROPN
emaj-42	191	15	osits	osit	NOUN
emaj-42	191	16	macro	macro	PROPN
emaj-42	191	17	subsid	subsid	PROPN
emaj-42	191	18	iaries	iarie	NOUN
emaj-42	191	19	figure	figure	VERB
emaj-42	191	20	1	1	NUM
emaj-42	191	21	.	.	PUNCT
emaj-42	192	1	the	the	DET
emaj-42	192	2	pls	pls	NOUN
emaj-42	192	3	-	-	PUNCT
emaj-42	192	4	pm	pm	NOUN
emaj-42	192	5	model	model	NOUN
emaj-42	192	6	the	the	DET
emaj-42	192	7	estimation	estimation	NOUN
emaj-42	192	8	procedure	procedure	NOUN
emaj-42	192	9	consists	consist	VERB
emaj-42	192	10	of	of	ADP
emaj-42	192	11	two	two	NUM
emaj-42	192	12	types	type	NOUN
emaj-42	192	13	of	of	ADP
emaj-42	192	14	estimates	estimate	NOUN
emaj-42	192	15	of	of	ADP
emaj-42	192	16	latent	latent	NOUN
emaj-42	192	17	variables	variable	NOUN
emaj-42	192	18	and	and	CCONJ
emaj-42	192	19	the	the	DET
emaj-42	192	20	estimation	estimation	NOUN
emaj-42	192	21	of	of	ADP
emaj-42	192	22	structural	structural	ADJ
emaj-42	192	23	equations	equation	NOUN
emaj-42	192	24	.	.	PUNCT
emaj-42	193	1	the	the	DET
emaj-42	193	2	estimation	estimation	NOUN
emaj-42	193	3	of	of	ADP
emaj-42	193	4	latent	latent	NOUN
emaj-42	193	5	variables	variable	NOUN
emaj-42	193	6	:	:	PUNCT
emaj-42	193	7	latent	latent	NOUN
emaj-42	193	8	variables	variable	NOUN
emaj-42	193	9	ξj	ξj	NOUN
emaj-42	193	10	are	be	AUX
emaj-42	193	11	estimated	estimate	VERB
emaj-42	193	12	in	in	ADP
emaj-42	193	13	two	two	NUM
emaj-42	193	14	ways	way	NOUN
emaj-42	193	15	:	:	PUNCT
emaj-42	193	16	the	the	DET
emaj-42	193	17	yj	yj	PROPN
emaj-42	193	18	estimated	estimate	VERB
emaj-42	193	19	from	from	ADP
emaj-42	193	20	the	the	DET
emaj-42	193	21	manifest	manif	ADJ
emaj-42	193	22	variables	variable	NOUN
emaj-42	193	23	xji	xji	PROPN
emaj-42	193	24	and	and	CCONJ
emaj-42	193	25	internal	internal	ADJ
emaj-42	193	26	estimate	estimate	NOUN
emaj-42	193	27	zj	zj	NOUN
emaj-42	193	28	derived	derive	VERB
emaj-42	193	29	from	from	ADP
emaj-42	193	30	external	external	ADJ
emaj-42	193	31	estimates	estimate	NOUN
emaj-42	193	32	yi	yi	PROPN
emaj-42	193	33	of	of	ADP
emaj-42	193	34	ξi	ξi	NUM
emaj-42	193	35	related	relate	VERB
emaj-42	193	36	to	to	ADP
emaj-42	193	37	ξj	ξj	NOUN
emaj-42	193	38	.	.	PUNCT
emaj-42	194	1	it	it	PRON
emaj-42	194	2	is	be	AUX
emaj-42	194	3	,	,	PUNCT
emaj-42	194	4	therefore	therefore	ADV
emaj-42	194	5	,	,	PUNCT
emaj-42	194	6	an	an	DET
emaj-42	194	7	iterative	iterative	NOUN
emaj-42	194	8	algorithm	algorithm	NOUN
emaj-42	194	9	,	,	PUNCT
emaj-42	194	10	comprising	comprise	VERB
emaj-42	194	11	the	the	DET
emaj-42	194	12	following	follow	VERB
emaj-42	194	13	steps	step	NOUN
emaj-42	194	14	:	:	PUNCT
emaj-42	194	15	first	first	ADV
emaj-42	194	16	,	,	PUNCT
emaj-42	194	17	we	we	PRON
emaj-42	194	18	estimate	estimate	VERB
emaj-42	194	19	the	the	DET
emaj-42	194	20	latent	latent	NOUN
emaj-42	194	21	variables	variable	NOUN
emaj-42	194	22	based	base	VERB
emaj-42	194	23	on	on	ADP
emaj-42	194	24	the	the	DET
emaj-42	194	25	external	external	ADJ
emaj-42	194	26	model	model	NOUN
emaj-42	194	27	(	(	PUNCT
emaj-42	194	28	each	each	DET
emaj-42	194	29	latent	latent	NOUN
emaj-42	194	30	variable	variable	NOUN
emaj-42	194	31	is	be	AUX
emaj-42	194	32	estimated	estimate	VERB
emaj-42	194	33	based	base	VERB
emaj-42	194	34	on	on	ADP
emaj-42	194	35	manifest	manifest	ADJ
emaj-42	194	36	variables	variable	NOUN
emaj-42	194	37	of	of	ADP
emaj-42	194	38	the	the	DET
emaj-42	194	39	block	block	NOUN
emaj-42	194	40	)	)	PUNCT
emaj-42	194	41	where	where	SCONJ
emaj-42	194	42	the	the	DET
emaj-42	194	43	coefficient	coefficient	NOUN
emaj-42	194	44	represents	represent	VERB
emaj-42	194	45	the	the	DET
emaj-42	194	46	external	external	ADJ
emaj-42	194	47	weight	weight	NOUN
emaj-42	194	48	.	.	PUNCT
emaj-42	195	1	then	then	ADV
emaj-42	195	2	,	,	PUNCT
emaj-42	195	3	we	we	PRON
emaj-42	195	4	estimate	estimate	VERB
emaj-42	195	5	latent	latent	NOUN
emaj-42	195	6	variables	variable	NOUN
emaj-42	195	7	based	base	VERB
emaj-42	195	8	on	on	ADP
emaj-42	195	9	the	the	DET
emaj-42	195	10	internal	internal	ADJ
emaj-42	195	11	model	model	NOUN
emaj-42	195	12	(	(	PUNCT
emaj-42	195	13	each	each	DET
emaj-42	195	14	latent	latent	NOUN
emaj-42	195	15	variable	variable	NOUN
emaj-42	195	16	is	be	AUX
emaj-42	195	17	estimated	estimate	VERB
emaj-42	195	18	based	base	VERB
emaj-42	195	19	on	on	ADP
emaj-42	195	20	other	other	ADJ
emaj-42	195	21	latent	latent	NOUN
emaj-42	195	22	variables	variable	NOUN
emaj-42	195	23	that	that	PRON
emaj-42	195	24	are	be	AUX
emaj-42	195	25	related	relate	VERB
emaj-42	195	26	)	)	PUNCT
emaj-42	195	27	.	.	PUNCT
emaj-42	196	1	where	where	SCONJ
emaj-42	196	2	is	be	AUX
emaj-42	196	3	the	the	DET
emaj-42	196	4	internal	internal	ADJ
emaj-42	196	5	weight	weight	NOUN
emaj-42	196	6	which	which	PRON
emaj-42	196	7	is	be	AUX
emaj-42	196	8	defined	define	VERB
emaj-42	196	9	by	by	ADP
emaj-42	196	10	choosing	choose	VERB
emaj-42	196	11	a	a	DET
emaj-42	196	12	schematic	schematic	ADJ
emaj-42	196	13	structural	structural	ADJ
emaj-42	196	14	calculation	calculation	NOUN
emaj-42	196	15	.	.	PUNCT
emaj-42	197	1	in	in	ADP
emaj-42	197	2	a	a	DET
emaj-42	197	3	following	follow	VERB
emaj-42	197	4	step	step	NOUN
emaj-42	197	5	,	,	PUNCT
emaj-42	197	6	we	we	PRON
emaj-42	197	7	establish	establish	VERB
emaj-42	197	8	a	a	DET
emaj-42	197	9	relationship	relationship	NOUN
emaj-42	197	10	between	between	ADP
emaj-42	197	11	the	the	DET
emaj-42	197	12	two	two	NUM
emaj-42	197	13	types	type	NOUN
emaj-42	197	14	of	of	ADP
emaj-42	197	15	estimates	estimate	NOUN
emaj-42	197	16	for	for	ADP
emaj-42	197	17	determining	determine	VERB
emaj-42	197	18	the	the	DET
emaj-42	197	19	external	external	ADJ
emaj-42	197	20	final	final	ADJ
emaj-42	197	21	weight	weight	NOUN
emaj-42	197	22	:	:	PUNCT
emaj-42	197	23	wij	wij	PROPN
emaj-42	197	24	=	=	SYM
emaj-42	197	25	cov	cov	PROPN
emaj-42	197	26	(	(	PUNCT
emaj-42	197	27	xij	xij	X
emaj-42	197	28	,	,	PUNCT
emaj-42	197	29	zj	zj	PROPN
emaj-42	197	30	)	)	PUNCT
emaj-42	197	31	we	we	PRON
emaj-42	197	32	repeat	repeat	VERB
emaj-42	197	33	theses	theses	X
emaj-42	197	34	three	three	NUM
emaj-42	197	35	steps	step	NOUN
emaj-42	197	36	until	until	ADP
emaj-42	197	37	convergence	convergence	NOUN
emaj-42	197	38	in	in	ADP
emaj-42	197	39	the	the	DET
emaj-42	197	40	estimates	estimate	NOUN
emaj-42	197	41	of	of	ADP
emaj-42	197	42	the	the	DET
emaj-42	197	43	latent	latent	NOUN
emaj-42	197	44	variable	variable	NOUN
emaj-42	197	45	.	.	PUNCT
emaj-42	198	1	the	the	DET
emaj-42	198	2	estimation	estimation	NOUN
emaj-42	198	3	of	of	ADP
emaj-42	198	4	structural	structural	ADJ
emaj-42	198	5	equation	equation	NOUN
emaj-42	198	6	once	once	SCONJ
emaj-42	198	7	scores	score	NOUN
emaj-42	198	8	(	(	PUNCT
emaj-42	198	9	external	external	ADJ
emaj-42	198	10	final	final	ADJ
emaj-42	198	11	estimate	estimate	NOUN
emaj-42	198	12	)	)	PUNCT
emaj-42	198	13	are	be	AUX
emaj-42	198	14	obtained	obtain	VERB
emaj-42	198	15	,	,	PUNCT
emaj-42	198	16	we	we	PRON
emaj-42	198	17	estimate	estimate	VERB
emaj-42	198	18	the	the	DET
emaj-42	198	19	coefficient	coefficient	NOUN
emaj-42	198	20	of	of	ADP
emaj-42	198	21	internal	internal	ADJ
emaj-42	198	22	model	model	NOUN
emaj-42	198	23	using	use	VERB
emaj-42	198	24	multiple	multiple	ADJ
emaj-42	198	25	regression	regression	NOUN
emaj-42	198	26	classics	classic	NOUN
emaj-42	198	27	(	(	PUNCT
emaj-42	198	28	mco	mco	NOUN
emaj-42	198	29	)	)	PUNCT
emaj-42	198	30	or	or	CCONJ
emaj-42	198	31	pls	pls	INTJ
emaj-42	198	32	.	.	PUNCT
emaj-42	199	1	indeed	indeed	ADV
emaj-42	199	2	,	,	PUNCT
emaj-42	199	3	the	the	DET
emaj-42	199	4	structural	structural	ADJ
emaj-42	199	5	equations	equation	NOUN
emaj-42	199	6	are	be	AUX
emaj-42	199	7	estimated	estimate	VERB
emaj-42	199	8	by	by	ADP
emaj-42	199	9	replacing	replace	VERB
emaj-42	199	10	each	each	DET
emaj-42	199	11	latent	latent	NOUN
emaj-42	199	12	variable	variable	NOUN
emaj-42	199	13	by	by	ADP
emaj-42	199	14	external	external	ADJ
emaj-42	199	15	estimate	estimate	NOUN
emaj-42	199	16	.	.	PUNCT
emaj-42	200	1	in	in	ADP
emaj-42	200	2	this	this	DET
emaj-42	200	3	study	study	NOUN
emaj-42	200	4	,	,	PUNCT
emaj-42	200	5	the	the	DET
emaj-42	200	6	relationship	relationship	NOUN
emaj-42	200	7	of	of	ADP
emaj-42	200	8	the	the	DET
emaj-42	200	9	pls	pls	PROPN
emaj-42	200	10	algorithm	algorithm	NOUN
emaj-42	200	11	is	be	AUX
emaj-42	200	12	estimated	estimate	VERB
emaj-42	200	13	using	use	VERB
emaj-42	200	14	the	the	DET
emaj-42	200	15	pls	pls	NOUN
emaj-42	200	16	regression	regression	NOUN
emaj-42	200	17	instead	instead	ADV
emaj-42	200	18	of	of	ADP
emaj-42	200	19	ols	ol	NOUN
emaj-42	200	20	regression	regression	NOUN
emaj-42	200	21	.	.	PUNCT
emaj-42	201	1	indeed	indeed	ADV
emaj-42	201	2	,	,	PUNCT
emaj-42	201	3	for	for	ADP
emaj-42	201	4	two	two	NUM
emaj-42	201	5	blocks	block	NOUN
emaj-42	201	6	of	of	ADP
emaj-42	201	7	variables	variable	NOUN
emaj-42	201	8	x	x	PUNCT
emaj-42	201	9	and	and	CCONJ
emaj-42	201	10	y	y	PROPN
emaj-42	201	11	,	,	PUNCT
emaj-42	201	12	the	the	DET
emaj-42	201	13	ols	ol	NOUN
emaj-42	201	14	regression	regression	NOUN
emaj-42	201	15	explains	explain	VERB
emaj-42	201	16	the	the	DET
emaj-42	201	17	variable	variable	ADJ
emaj-42	201	18	y	y	NOUN
emaj-42	201	19	at	at	ADP
emaj-42	201	20	the	the	DET
emaj-42	201	21	expense	expense	NOUN
emaj-42	201	22	of	of	ADP
emaj-42	201	23	variable	variable	ADJ
emaj-42	201	24	x.	x.	NOUN
emaj-42	202	1	it	it	PRON
emaj-42	202	2	can	can	AUX
emaj-42	202	3	produce	produce	VERB
emaj-42	202	4	aberrant	aberrant	ADJ
emaj-42	202	5	signs	sign	NOUN
emaj-42	202	6	and	and	CCONJ
emaj-42	202	7	insignificant	insignificant	ADJ
emaj-42	202	8	coefficients	coefficient	NOUN
emaj-42	202	9	.	.	PUNCT
emaj-42	203	1	contrary	contrary	ADJ
emaj-42	203	2	,	,	PUNCT
emaj-42	203	3	pls	pls	PROPN
emaj-42	203	4	regression	regression	NOUN
emaj-42	203	5	explains	explain	VERB
emaj-42	203	6	both	both	DET
emaj-42	203	7	y	y	PROPN
emaj-42	203	8	and	and	CCONJ
emaj-42	203	9	x.	x.	NOUN
emaj-42	203	10	it	it	PRON
emaj-42	203	11	solves	solve	VERB
emaj-42	203	12	the	the	DET
emaj-42	203	13	problem	problem	NOUN
emaj-42	203	14	of	of	ADP
emaj-42	203	15	multicollinearity	multicollinearity	NOUN
emaj-42	203	16	with	with	ADP
emaj-42	203	17	the	the	DET
emaj-42	203	18	construction	construction	NOUN
emaj-42	203	19	of	of	ADP
emaj-42	203	20	major	major	ADJ
emaj-42	203	21	components	component	NOUN
emaj-42	203	22	.	.	PUNCT
emaj-42	204	1	iv	iv	X
emaj-42	204	2	.	.	PUNCT
emaj-42	204	3	results	result	NOUN
emaj-42	204	4	and	and	CCONJ
emaj-42	204	5	interpretation	interpretation	NOUN
emaj-42	204	6	we	we	PRON
emaj-42	204	7	perform	perform	VERB
emaj-42	204	8	pls	pls	ADJ
emaj-42	204	9	-	-	PUNCT
emaj-42	204	10	pm	pm	NOUN
emaj-42	204	11	analysis	analysis	NOUN
emaj-42	204	12	involving	involve	VERB
emaj-42	204	13	only	only	ADV
emaj-42	204	14	reflective	reflective	ADJ
emaj-42	204	15	indicators	indicator	NOUN
emaj-42	204	16	for	for	ADP
emaj-42	204	17	the	the	DET
emaj-42	204	18	inner	inner	ADJ
emaj-42	204	19	estimation	estimation	NOUN
emaj-42	204	20	.	.	PUNCT
emaj-42	205	1	since	since	SCONJ
emaj-42	205	2	each	each	DET
emaj-42	205	3	reflective	reflective	ADJ
emaj-42	205	4	block	block	NOUN
emaj-42	205	5	represents	represent	VERB
emaj-42	205	6	only	only	ADV
emaj-42	205	7	one	one	NUM
emaj-42	205	8	latent	latent	NOUN
emaj-42	205	9	construct	construct	NOUN
emaj-42	205	10	,	,	PUNCT
emaj-42	205	11	it	it	PRON
emaj-42	205	12	needs	need	VERB
emaj-42	205	13	to	to	PART
emaj-42	205	14	be	be	AUX
emaj-42	205	15	one	one	NUM
emaj-42	205	16	-	-	PUNCT
emaj-42	205	17	dimensional	dimensional	ADJ
emaj-42	205	18	.	.	PUNCT
emaj-42	206	1	this	this	PRON
emaj-42	206	2	is	be	AUX
emaj-42	206	3	why	why	SCONJ
emaj-42	206	4	a	a	DET
emaj-42	206	5	preliminary	preliminary	ADJ
emaj-42	206	6	exploratory	exploratory	ADJ
emaj-42	206	7	analysis	analysis	NOUN
emaj-42	206	8	for	for	ADP
emaj-42	206	9	verifying	verify	VERB
emaj-42	206	10	the	the	DET
emaj-42	206	11	composite	composite	ADJ
emaj-42	206	12	reliability	reliability	NOUN
emaj-42	206	13	of	of	ADP
emaj-42	206	14	blocks	block	NOUN
emaj-42	206	15	is	be	AUX
emaj-42	206	16	required	require	VERB
emaj-42	206	17	.	.	PUNCT
emaj-42	207	1	two	two	NUM
emaj-42	207	2	different	different	ADJ
emaj-42	207	3	measures	measure	NOUN
emaj-42	207	4	are	be	AUX
emaj-42	207	5	available	available	ADJ
emaj-42	207	6	to	to	PART
emaj-42	207	7	test	test	VERB
emaj-42	207	8	block	block	NOUN
emaj-42	207	9	onedimensionality	onedimensionality	NOUN
emaj-42	207	10	in	in	ADP
emaj-42	207	11	pls	pls	NOUN
emaj-42	207	12	-	-	PUNCT
emaj-42	207	13	pm	pm	NOUN
emaj-42	207	14	framework	framework	NOUN
emaj-42	207	15	:	:	PUNCT
emaj-42	207	16	dillon	dillon	PROPN
emaj-42	207	17	-	-	PUNCT
emaj-42	207	18	goldstein	goldstein	PROPN
emaj-42	207	19	’s	’s	PART
emaj-42	207	20	rho	rho	ADJ
emaj-42	207	21	and	and	CCONJ
emaj-42	207	22	cronbach	cronbach	VERB
emaj-42	207	23	’s	’s	PART
emaj-42	208	1	alpha	alpha	NOUN
emaj-42	209	1	.	.	PUNCT
emaj-42	210	1	according	accord	VERB
emaj-42	210	2	to	to	ADP
emaj-42	210	3	chin	chin	NOUN
emaj-42	210	4	(	(	PUNCT
emaj-42	210	5	1998	1998	NUM
emaj-42	210	6	)	)	PUNCT
emaj-42	210	7	,	,	PUNCT
emaj-42	210	8	dillongoldstein	dillongoldstein	PROPN
emaj-42	210	9	’s	’s	PART
emaj-42	210	10	rho	rho	NOUN
emaj-42	210	11	is	be	AUX
emaj-42	210	12	considered	consider	VERB
emaj-42	210	13	a	a	DET
emaj-42	210	14	better	well	ADJ
emaj-42	210	15	indicator	indicator	NOUN
emaj-42	210	16	than	than	SCONJ
emaj-42	210	17	cronbach	cronbach	VERB
emaj-42	210	18	’s	’s	PART
emaj-42	210	19	alpha	alpha	NOUN
emaj-42	210	20	as	as	SCONJ
emaj-42	210	21	it	it	PRON
emaj-42	210	22	is	be	AUX
emaj-42	210	23	based	base	VERB
emaj-42	210	24	on	on	ADP
emaj-42	210	25	the	the	DET
emaj-42	210	26	results	result	NOUN
emaj-42	210	27	from	from	ADP
emaj-42	210	28	the	the	DET
emaj-42	210	29	model	model	NOUN
emaj-42	210	30	rather	rather	ADV
emaj-42	210	31	than	than	ADP
emaj-42	210	32	on	on	ADP
emaj-42	210	33	the	the	DET
emaj-42	210	34	correlations	correlation	NOUN
emaj-42	210	35	observed	observe	VERB
emaj-42	210	36	between	between	ADP
emaj-42	210	37	the	the	DET
emaj-42	210	38	manifest	manif	ADJ
emaj-42	210	39	variables	variable	NOUN
emaj-42	210	40	in	in	ADP
emaj-42	210	41	the	the	DET
emaj-42	210	42	dataset	dataset	NOUN
emaj-42	210	43	.	.	PUNCT
emaj-42	211	1	following	follow	VERB
emaj-42	211	2	werts	wert	NOUN
emaj-42	211	3	et	et	PROPN
emaj-42	211	4	al	al	PROPN
emaj-42	211	5	.	.	PUNCT
emaj-42	212	1	(	(	PUNCT
emaj-42	212	2	1974	1974	NUM
emaj-42	212	3	)	)	PUNCT
emaj-42	212	4	,	,	PUNCT
emaj-42	212	5	a	a	DET
emaj-42	212	6	block	block	NOUN
emaj-42	212	7	is	be	AUX
emaj-42	212	8	determinants	determinant	NOUN
emaj-42	212	9	of	of	ADP
emaj-42	212	10	loans	loan	NOUN
emaj-42	212	11	and	and	CCONJ
emaj-42	212	12	deposits	deposit	NOUN
emaj-42	212	13	strategies	strategy	NOUN
emaj-42	212	14	of	of	ADP
emaj-42	212	15	foreign	foreign	ADJ
emaj-42	212	16	bank	bank	NOUN
emaj-42	212	17	subsidiaries	subsidiary	NOUN
emaj-42	212	18	in	in	ADP
emaj-42	212	19	emerging	emerge	VERB
emaj-42	212	20	countries	country	NOUN
emaj-42	212	21	emerging	emerge	VERB
emaj-42	212	22	markets	market	NOUN
emaj-42	212	23	journal	journal	NOUN
emaj-42	213	1	|	|	ADV
emaj-42	213	2	p	p	NOUN
emaj-42	213	3	a	a	DET
emaj-42	213	4	g	g	PROPN
emaj-42	213	5	e	e	NOUN
emaj-42	213	6	|37	|37	NOUN
emaj-42	213	7	volume	volume	NOUN
emaj-42	213	8	3	3	NUM
emaj-42	213	9	no	no	DET
emaj-42	213	10	2	2	NUM
emaj-42	213	11	(	(	PUNCT
emaj-42	213	12	2013	2013	NUM
emaj-42	213	13	)	)	PUNCT
emaj-42	213	14	|	|	ADV
emaj-42	213	15	issn	issn	VERB
emaj-42	213	16	2158	2158	NUM
emaj-42	213	17	-	-	SYM
emaj-42	213	18	8708	8708	NUM
emaj-42	213	19	(	(	PUNCT
emaj-42	213	20	online	online	NOUN
emaj-42	213	21	)	)	PUNCT
emaj-42	214	1	|	|	ADV
emaj-42	214	2	10.5195	10.5195	NUM
emaj-42	214	3	/	/	SYM
emaj-42	214	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	214	5	|	|	ADV
emaj-42	214	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	214	7	considered	consider	VERB
emaj-42	214	8	homogeneous	homogeneous	ADJ
emaj-42	214	9	if	if	SCONJ
emaj-42	214	10	this	this	DET
emaj-42	214	11	index	index	NOUN
emaj-42	214	12	is	be	AUX
emaj-42	214	13	greater	great	ADJ
emaj-42	214	14	than	than	ADP
emaj-42	214	15	0.7	0.7	NUM
emaj-42	214	16	.	.	PUNCT
emaj-42	215	1	the	the	DET
emaj-42	215	2	results	result	NOUN
emaj-42	215	3	of	of	ADP
emaj-42	215	4	composite	composite	ADJ
emaj-42	215	5	reliability	reliability	NOUN
emaj-42	215	6	test	test	NOUN
emaj-42	215	7	are	be	AUX
emaj-42	215	8	resumed	resume	VERB
emaj-42	215	9	in	in	ADP
emaj-42	215	10	table	table	NOUN
emaj-42	215	11	2	2	NUM
emaj-42	215	12	.	.	PUNCT
emaj-42	216	1	since	since	SCONJ
emaj-42	216	2	the	the	DET
emaj-42	216	3	dillon	dillon	PROPN
emaj-42	216	4	-	-	PUNCT
emaj-42	216	5	goldstein	goldstein	PROPN
emaj-42	216	6	rho	rho	ADJ
emaj-42	216	7	index	index	NOUN
emaj-42	216	8	is	be	AUX
emaj-42	216	9	always	always	ADV
emaj-42	216	10	greater	great	ADJ
emaj-42	216	11	than	than	ADP
emaj-42	216	12	0.7	0.7	NUM
emaj-42	216	13	we	we	PRON
emaj-42	216	14	can	can	AUX
emaj-42	216	15	deduce	deduce	VERB
emaj-42	216	16	that	that	SCONJ
emaj-42	216	17	all	all	DET
emaj-42	216	18	six	six	NUM
emaj-42	216	19	blocks	block	NOUN
emaj-42	216	20	of	of	ADP
emaj-42	216	21	manifest	manifest	ADJ
emaj-42	216	22	variables	variable	NOUN
emaj-42	216	23	can	can	AUX
emaj-42	216	24	be	be	AUX
emaj-42	216	25	considered	consider	VERB
emaj-42	216	26	one	one	NUM
emaj-42	216	27	dimensional	dimensional	ADJ
emaj-42	216	28	.	.	PUNCT
emaj-42	216	29	table	table	NOUN
emaj-42	216	30	2	2	NUM
emaj-42	216	31	.	.	PUNCT
emaj-42	216	32	composite	composite	ADJ
emaj-42	216	33	reability	reability	NOUN
emaj-42	216	34	another	another	DET
emaj-42	216	35	method	method	NOUN
emaj-42	216	36	of	of	ADP
emaj-42	216	37	assessing	assess	VERB
emaj-42	216	38	the	the	DET
emaj-42	216	39	discriminant	discriminant	ADJ
emaj-42	216	40	validity	validity	NOUN
emaj-42	216	41	is	be	AUX
emaj-42	216	42	to	to	PART
emaj-42	216	43	compare	compare	VERB
emaj-42	216	44	the	the	DET
emaj-42	216	45	square	square	ADJ
emaj-42	216	46	root	root	NOUN
emaj-42	216	47	of	of	ADP
emaj-42	216	48	average	average	ADJ
emaj-42	216	49	variance	variance	NOUN
emaj-42	216	50	extracted	extract	VERB
emaj-42	216	51	(	(	PUNCT
emaj-42	216	52	ave	ave	PROPN
emaj-42	216	53	)	)	PUNCT
emaj-42	216	54	for	for	ADP
emaj-42	216	55	each	each	DET
emaj-42	216	56	construct	construct	NOUN
emaj-42	216	57	with	with	ADP
emaj-42	216	58	the	the	DET
emaj-42	216	59	correlation	correlation	NOUN
emaj-42	216	60	between	between	ADP
emaj-42	216	61	the	the	DET
emaj-42	216	62	construct	construct	NOUN
emaj-42	216	63	and	and	CCONJ
emaj-42	216	64	other	other	ADJ
emaj-42	216	65	constructs	construct	NOUN
emaj-42	216	66	in	in	ADP
emaj-42	216	67	the	the	DET
emaj-42	216	68	model	model	NOUN
emaj-42	216	69	.	.	PUNCT
emaj-42	217	1	the	the	DET
emaj-42	217	2	measures	measure	NOUN
emaj-42	217	3	are	be	AUX
emaj-42	217	4	considered	consider	VERB
emaj-42	217	5	to	to	PART
emaj-42	217	6	have	have	VERB
emaj-42	217	7	adequate	adequate	ADJ
emaj-42	217	8	discriminant	discriminant	ADJ
emaj-42	217	9	validity	validity	NOUN
emaj-42	217	10	if	if	SCONJ
emaj-42	217	11	the	the	DET
emaj-42	217	12	square	square	ADJ
emaj-42	217	13	root	root	NOUN
emaj-42	217	14	of	of	ADP
emaj-42	217	15	the	the	DET
emaj-42	217	16	ave	ave	NOUN
emaj-42	217	17	for	for	ADP
emaj-42	217	18	each	each	DET
emaj-42	217	19	construct	construct	NOUN
emaj-42	217	20	is	be	AUX
emaj-42	217	21	larger	large	ADJ
emaj-42	217	22	than	than	ADP
emaj-42	217	23	the	the	DET
emaj-42	217	24	correlation	correlation	NOUN
emaj-42	217	25	between	between	ADP
emaj-42	217	26	the	the	DET
emaj-42	217	27	construct	construct	NOUN
emaj-42	217	28	and	and	CCONJ
emaj-42	217	29	any	any	DET
emaj-42	217	30	other	other	ADJ
emaj-42	217	31	construct	construct	NOUN
emaj-42	217	32	in	in	ADP
emaj-42	217	33	the	the	DET
emaj-42	217	34	model	model	NOUN
emaj-42	217	35	.	.	PUNCT
emaj-42	218	1	as	as	SCONJ
emaj-42	218	2	shown	show	VERB
emaj-42	218	3	in	in	ADP
emaj-42	218	4	table	table	NOUN
emaj-42	218	5	3	3	NUM
emaj-42	218	6	,	,	PUNCT
emaj-42	218	7	all	all	PRON
emaj-42	218	8	constructs	construct	NOUN
emaj-42	218	9	in	in	ADP
emaj-42	218	10	the	the	DET
emaj-42	218	11	estimated	estimate	VERB
emaj-42	218	12	model	model	NOUN
emaj-42	218	13	also	also	ADV
emaj-42	218	14	fulfill	fulfill	VERB
emaj-42	218	15	this	this	DET
emaj-42	218	16	condition	condition	NOUN
emaj-42	218	17	of	of	ADP
emaj-42	218	18	discriminate	discriminate	ADJ
emaj-42	218	19	validity	validity	NOUN
emaj-42	218	20	.	.	PUNCT
emaj-42	219	1	table	table	NOUN
emaj-42	219	2	3	3	NUM
emaj-42	219	3	.	.	PUNCT
emaj-42	219	4	correlation	correlation	NOUN
emaj-42	219	5	among	among	ADP
emaj-42	219	6	construct	construct	NOUN
emaj-42	219	7	scores	score	NOUN
emaj-42	219	8	notes	note	VERB
emaj-42	219	9	:	:	PUNCT
emaj-42	219	10	the	the	DET
emaj-42	219	11	bold	bold	ADJ
emaj-42	219	12	diagonal	diagonal	ADJ
emaj-42	219	13	figures	figure	NOUN
emaj-42	219	14	are	be	AUX
emaj-42	219	15	the	the	DET
emaj-42	219	16	square	square	ADJ
emaj-42	219	17	root	root	NOUN
emaj-42	219	18	of	of	ADP
emaj-42	219	19	the	the	DET
emaj-42	219	20	average	average	ADJ
emaj-42	219	21	variance	variance	NOUN
emaj-42	219	22	extracted	extract	VERB
emaj-42	219	23	;	;	PUNCT
emaj-42	219	24	the	the	DET
emaj-42	219	25	off	off	ADV
emaj-42	219	26	-	-	PUNCT
emaj-42	219	27	diagonal	diagonal	ADJ
emaj-42	219	28	figures	figure	NOUN
emaj-42	219	29	are	be	AUX
emaj-42	219	30	the	the	DET
emaj-42	219	31	correlations	correlation	NOUN
emaj-42	219	32	of	of	ADP
emaj-42	219	33	the	the	DET
emaj-42	219	34	latent	latent	NOUN
emaj-42	219	35	construct	construct	VERB
emaj-42	219	36	once	once	ADV
emaj-42	219	37	the	the	DET
emaj-42	219	38	composite	composite	ADJ
emaj-42	219	39	reliability	reliability	NOUN
emaj-42	219	40	is	be	AUX
emaj-42	219	41	verified	verify	VERB
emaj-42	219	42	,	,	PUNCT
emaj-42	219	43	we	we	PRON
emaj-42	219	44	may	may	AUX
emaj-42	219	45	look	look	VERB
emaj-42	219	46	at	at	ADP
emaj-42	219	47	the	the	DET
emaj-42	219	48	relationships	relationship	NOUN
emaj-42	219	49	between	between	ADP
emaj-42	219	50	each	each	DET
emaj-42	219	51	manifest	manifest	ADJ
emaj-42	219	52	variable	variable	NOUN
emaj-42	219	53	and	and	CCONJ
emaj-42	219	54	its	its	PRON
emaj-42	219	55	own	own	ADJ
emaj-42	219	56	latent	latent	NOUN
emaj-42	219	57	variable	variable	NOUN
emaj-42	219	58	.	.	PUNCT
emaj-42	220	1	in	in	ADP
emaj-42	220	2	table	table	NOUN
emaj-42	220	3	4	4	NUM
emaj-42	220	4	we	we	PRON
emaj-42	220	5	present	present	VERB
emaj-42	220	6	the	the	DET
emaj-42	220	7	weights	weight	NOUN
emaj-42	220	8	of	of	ADP
emaj-42	220	9	the	the	DET
emaj-42	220	10	relationships	relationship	NOUN
emaj-42	220	11	between	between	ADP
emaj-42	220	12	each	each	DET
emaj-42	220	13	manifest	manifest	ADJ
emaj-42	220	14	variable	variable	NOUN
emaj-42	220	15	and	and	CCONJ
emaj-42	220	16	its	its	PRON
emaj-42	220	17	own	own	ADJ
emaj-42	220	18	latent	latent	NOUN
emaj-42	220	19	variable	variable	NOUN
emaj-42	220	20	,	,	PUNCT
emaj-42	220	21	together	together	ADV
emaj-42	220	22	with	with	ADP
emaj-42	220	23	the	the	DET
emaj-42	220	24	standardized	standardized	ADJ
emaj-42	220	25	loadings	loading	NOUN
emaj-42	220	26	.	.	PUNCT
emaj-42	221	1	on	on	ADP
emaj-42	221	2	the	the	DET
emaj-42	221	3	same	same	ADJ
emaj-42	221	4	table	table	NOUN
emaj-42	221	5	we	we	PRON
emaj-42	221	6	report	report	VERB
emaj-42	221	7	also	also	ADV
emaj-42	221	8	average	average	ADJ
emaj-42	221	9	communality	communality	NOUN
emaj-42	221	10	index	index	NOUN
emaj-42	221	11	that	that	PRON
emaj-42	221	12	measure	measure	VERB
emaj-42	221	13	the	the	DET
emaj-42	221	14	ability	ability	NOUN
emaj-42	221	15	of	of	ADP
emaj-42	221	16	each	each	DET
emaj-42	221	17	latent	latent	NOUN
emaj-42	221	18	variable	variable	NOUN
emaj-42	221	19	to	to	PART
emaj-42	221	20	explain	explain	VERB
emaj-42	221	21	its	its	PRON
emaj-42	221	22	own	own	ADJ
emaj-42	221	23	manifest	manifest	NOUN
emaj-42	221	24	variables	variable	NOUN
emaj-42	221	25	.	.	PUNCT
emaj-42	222	1	since	since	SCONJ
emaj-42	222	2	this	this	DET
emaj-42	222	3	index	index	NOUN
emaj-42	222	4	is	be	AUX
emaj-42	222	5	always	always	ADV
emaj-42	222	6	higher	high	ADJ
emaj-42	222	7	than	than	ADP
emaj-42	222	8	0.5	0.5	NUM
emaj-42	222	9	,	,	PUNCT
emaj-42	222	10	we	we	PRON
emaj-42	222	11	can	can	AUX
emaj-42	222	12	conclude	conclude	VERB
emaj-42	222	13	that	that	SCONJ
emaj-42	222	14	globally	globally	ADV
emaj-42	222	15	all	all	DET
emaj-42	222	16	the	the	DET
emaj-42	222	17	latent	latent	NOUN
emaj-42	222	18	variables	variable	NOUN
emaj-42	222	19	are	be	AUX
emaj-42	222	20	powerful	powerful	ADJ
emaj-42	222	21	at	at	ADP
emaj-42	222	22	explaining	explain	VERB
emaj-42	222	23	their	their	PRON
emaj-42	222	24	own	own	ADJ
emaj-42	222	25	manifest	manifest	NOUN
emaj-42	222	26	variables	variable	NOUN
emaj-42	222	27	.	.	PUNCT
emaj-42	223	1	a	a	DET
emaj-42	223	2	low	low	ADJ
emaj-42	223	3	value	value	NOUN
emaj-42	223	4	in	in	ADP
emaj-42	223	5	a	a	DET
emaj-42	223	6	loading	loading	NOUN
emaj-42	223	7	factor	factor	NOUN
emaj-42	223	8	suggests	suggest	VERB
emaj-42	223	9	that	that	SCONJ
emaj-42	223	10	the	the	DET
emaj-42	223	11	indicator	indicator	NOUN
emaj-42	223	12	has	have	VERB
emaj-42	223	13	little	little	ADJ
emaj-42	223	14	relation	relation	NOUN
emaj-42	223	15	to	to	ADP
emaj-42	223	16	the	the	DET
emaj-42	223	17	associated	associated	ADJ
emaj-42	223	18	construct	construct	NOUN
emaj-42	223	19	.	.	PUNCT
emaj-42	224	1	all	all	DET
emaj-42	224	2	indicators	indicator	NOUN
emaj-42	224	3	of	of	ADP
emaj-42	224	4	a	a	DET
emaj-42	224	5	block	block	NOUN
emaj-42	224	6	of	of	ADP
emaj-42	224	7	variables	variable	NOUN
emaj-42	224	8	must	must	AUX
emaj-42	224	9	reflect	reflect	VERB
emaj-42	224	10	the	the	DET
emaj-42	224	11	same	same	ADJ
emaj-42	224	12	construct	construct	NOUN
emaj-42	224	13	.	.	PUNCT
emaj-42	225	1	the	the	DET
emaj-42	225	2	normalized	normalize	VERB
emaj-42	225	3	weight	weight	NOUN
emaj-42	225	4	measure	measure	NOUN
emaj-42	225	5	the	the	DET
emaj-42	225	6	impact	impact	NOUN
emaj-42	225	7	of	of	ADP
emaj-42	225	8	the	the	DET
emaj-42	225	9	corresponding	corresponding	ADJ
emaj-42	225	10	manifest	manifest	ADJ
emaj-42	225	11	variable	variable	NOUN
emaj-42	225	12	in	in	ADP
emaj-42	225	13	computing	compute	VERB
emaj-42	225	14	the	the	DET
emaj-42	225	15	latent	latent	ADJ
emaj-42	225	16	variable	variable	ADJ
emaj-42	225	17	latent	latent	NOUN
emaj-42	225	18	variable	variable	NOUN
emaj-42	225	19	s	s	PART
emaj-42	225	20	dimensio	dimensio	ADJ
emaj-42	225	21	ns	ns	NUM
emaj-42	225	22	alpha	alpha	PROPN
emaj-42	225	23	de	de	X
emaj-42	225	24	cronbac	cronbac	PROPN
emaj-42	225	25	h	h	NOUN
emaj-42	225	26	rho	rho	PROPN
emaj-42	225	27	de	de	X
emaj-42	225	28	d.g	d.g	PROPN
emaj-42	225	29	.	.	PROPN
emaj-42	225	30	(	(	PUNCT
emaj-42	225	31	acp	acp	PROPN
emaj-42	225	32	)	)	PUNCT
emaj-42	225	33	critical	critical	ADJ
emaj-42	225	34	value	value	NOUN
emaj-42	225	35	eigenval	eigenval	NOUN
emaj-42	225	36	ues	ues	PROPN
emaj-42	225	37	macro	macro	PROPN
emaj-42	225	38	subsidiar	subsidiar	PROPN
emaj-42	225	39	ies	ie	VERB
emaj-42	225	40	3	3	NUM
emaj-42	225	41	0,890	0,890	NUM
emaj-42	225	42	0,888	0,888	NUM
emaj-42	225	43	1,685	1,685	NUM
emaj-42	225	44	0,844	0,844	NUM
emaj-42	225	45	0,099	0,099	NUM
emaj-42	225	46	macro	macro	ADJ
emaj-42	225	47	parent	parent	NOUN
emaj-42	225	48	2	2	NUM
emaj-42	225	49	0,067	0,067	NUM
emaj-42	225	50	0,993	0,993	NUM
emaj-42	225	51	0,774	0,774	NUM
emaj-42	225	52	1,605	1,605	NUM
emaj-42	225	53	0,643	0,643	NUM
emaj-42	225	54	subsidia	subsidia	NOUN
emaj-42	225	55	ries	rie	NOUN
emaj-42	225	56	fundame	fundame	NOUN
emaj-42	225	57	ntals	ntal	NOUN
emaj-42	225	58	5	5	NUM
emaj-42	225	59	0,917	0,917	NUM
emaj-42	225	60	0,829	0,829	NUM
emaj-42	225	61	1,811	1,811	NUM
emaj-42	225	62	0,714	0,714	NUM
emaj-42	225	63	0,403	0,403	NUM
emaj-42	226	1	0,227	0,227	NUM
emaj-42	226	2	0,054	0,054	NUM
emaj-42	226	3	parent	parent	NOUN
emaj-42	226	4	fundame	fundame	NOUN
emaj-42	226	5	ntals	ntal	NOUN
emaj-42	226	6	5	5	NUM
emaj-42	226	7	0,059	0,059	NUM
emaj-42	226	8	0,844	0,844	NUM
emaj-42	226	9	1,311	1,311	NUM
emaj-42	226	10	1,529	1,529	NUM
emaj-42	226	11	0,979	0,979	NUM
emaj-42	226	12	0,362	0,362	NUM
emaj-42	226	13	0,158	0,158	NUM
emaj-42	226	14	0,124	0,124	NUM
emaj-42	226	15	loan	loan	NOUN
emaj-42	226	16	strategy	strategy	NOUN
emaj-42	226	17	1	1	NUM
emaj-42	226	18	0,730	0,730	NUM
emaj-42	226	19	0,749	0,749	NUM
emaj-42	226	20	1,319	1,319	NUM
emaj-42	226	21	market	market	NOUN
emaj-42	226	22	disciplin	disciplin	NOUN
emaj-42	226	23	e	e	NOUN
emaj-42	226	24	1	1	NUM
emaj-42	226	25	0,106	0,106	NUM
emaj-42	226	26	0,857	0,857	NUM
emaj-42	226	27	1,135	1,135	NUM
emaj-42	226	28	1,477	1,477	NUM
emaj-42	226	29	macro	macro	ADJ
emaj-42	226	30	subsidia	subsidia	PROPN
emaj-42	226	31	ries	ries	PROPN
emaj-42	226	32	macro	macro	PROPN
emaj-42	226	33	parent	parent	PROPN
emaj-42	226	34	subsidi	subsidi	NOUN
emaj-42	226	35	aries	arie	VERB
emaj-42	226	36	fundam	fundam	ADJ
emaj-42	226	37	entals	ental	NOUN
emaj-42	226	38	parent	parent	NOUN
emaj-42	226	39	fundam	fundam	ADJ
emaj-42	226	40	entals	ental	NOUN
emaj-42	226	41	loan	loan	NOUN
emaj-42	226	42	strategy	strategy	NOUN
emaj-42	226	43	market	market	NOUN
emaj-42	226	44	discipli	discipli	PROPN
emaj-42	226	45	ne	ne	PROPN
emaj-42	226	46	macro	macro	PROPN
emaj-42	226	47	subsidia	subsidia	PROPN
emaj-42	226	48	ries	rie	NOUN
emaj-42	226	49	0,251	0,251	NUM
emaj-42	226	50	macro	macro	ADJ
emaj-42	226	51	parent	parent	NOUN
emaj-42	226	52	0,119	0,119	NUM
emaj-42	226	53	0,520	0,520	NUM
emaj-42	226	54	subsidi	subsidi	PROPN
emaj-42	226	55	aries	arie	NOUN
emaj-42	226	56	dpecific	dpecific	VERB
emaj-42	226	57	0,101	0,101	NUM
emaj-42	226	58	0,238	0,238	NUM
emaj-42	226	59	0,210	0,210	NUM
emaj-42	226	60	parent	parent	NOUN
emaj-42	226	61	specific	specific	ADJ
emaj-42	226	62	0,172	0,172	NUM
emaj-42	226	63	0,157	0,157	NUM
emaj-42	226	64	0,171	0,171	NUM
emaj-42	226	65	0,133	0,133	NUM
emaj-42	226	66	loan	loan	NOUN
emaj-42	226	67	strategy	strategy	NOUN
emaj-42	226	68	0,156	0,156	NUM
emaj-42	226	69	0,026	0,026	NUM
emaj-42	226	70	0,192	0,192	NUM
emaj-42	226	71	0,089	0,089	NOUN
emaj-42	226	72	0,234	0,234	NUM
emaj-42	226	73	market	market	NOUN
emaj-42	226	74	discipli	discipli	NOUN
emaj-42	226	75	ne	ne	PROPN
emaj-42	226	76	0,034	0,034	NUM
emaj-42	226	77	0,162	0,162	NUM
emaj-42	226	78	0,081	0,081	NUM
emaj-42	226	79	0,116	0,116	NUM
emaj-42	226	80	0,153	0,153	NUM
emaj-42	226	81	0,490	0,490	NUM
emaj-42	226	82	dr	dr	PROPN
emaj-42	226	83	.	.	PROPN
emaj-42	226	84	mehdi	mehdi	PROPN
emaj-42	226	85	mili	mili	PROPN
emaj-42	226	86	,	,	PUNCT
emaj-42	226	87	prof	prof	PROPN
emaj-42	226	88	.	.	PUNCT
emaj-42	227	1	jean	jean	PROPN
emaj-42	227	2	-	-	PUNCT
emaj-42	227	3	michel	michel	PROPN
emaj-42	227	4	sahut	sahut	VERB
emaj-42	227	5	p	p	PRON
emaj-42	227	6	a	a	DET
emaj-42	227	7	g	g	NOUN
emaj-42	227	8	e	e	NOUN
emaj-42	227	9	|	|	NOUN
emaj-42	227	10	38|	38|	NUM
emaj-42	227	11	emerging	emerge	VERB
emaj-42	227	12	markets	market	NOUN
emaj-42	227	13	journal	journal	NOUN
emaj-42	227	14	volume	volume	NOUN
emaj-42	227	15	3	3	NUM
emaj-42	227	16	no	no	DET
emaj-42	227	17	2	2	NUM
emaj-42	227	18	(	(	PUNCT
emaj-42	227	19	2013	2013	NUM
emaj-42	227	20	)	)	PUNCT
emaj-42	227	21	|	|	ADV
emaj-42	227	22	issn	issn	VERB
emaj-42	227	23	2158	2158	NUM
emaj-42	227	24	-	-	SYM
emaj-42	227	25	8708	8708	NUM
emaj-42	227	26	(	(	PUNCT
emaj-42	227	27	online	online	NOUN
emaj-42	227	28	)	)	PUNCT
emaj-42	227	29	|	|	ADV
emaj-42	227	30	10.5195	10.5195	NUM
emaj-42	227	31	/	/	SYM
emaj-42	227	32	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	227	33	|	|	ADV
emaj-42	227	34	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	227	35	score	score	NOUN
emaj-42	227	36	as	as	ADP
emaj-42	227	37	an	an	DET
emaj-42	227	38	index	index	NOUN
emaj-42	227	39	and	and	CCONJ
emaj-42	227	40	the	the	DET
emaj-42	227	41	standardized	standardized	ADJ
emaj-42	227	42	loadings	loading	NOUN
emaj-42	227	43	.	.	PUNCT
emaj-42	228	1	the	the	DET
emaj-42	228	2	results	result	NOUN
emaj-42	228	3	show	show	VERB
emaj-42	228	4	that	that	SCONJ
emaj-42	228	5	the	the	DET
emaj-42	228	6	manifest	manif	ADJ
emaj-42	228	7	variable	variable	ADJ
emaj-42	228	8	gdp	gdp	NOUN
emaj-42	228	9	growth	growth	NOUN
emaj-42	228	10	is	be	AUX
emaj-42	228	11	the	the	DET
emaj-42	228	12	most	most	ADV
emaj-42	228	13	important	important	ADJ
emaj-42	228	14	driver	driver	NOUN
emaj-42	228	15	in	in	ADP
emaj-42	228	16	computing	compute	VERB
emaj-42	228	17	the	the	DET
emaj-42	228	18	latent	latent	NOUN
emaj-42	228	19	variable	variable	ADJ
emaj-42	228	20	macro	macro	NOUN
emaj-42	228	21	variables	variable	NOUN
emaj-42	228	22	of	of	ADP
emaj-42	228	23	host	host	NOUN
emaj-42	228	24	countries	country	NOUN
emaj-42	228	25	.	.	PUNCT
emaj-42	229	1	the	the	DET
emaj-42	229	2	same	same	ADJ
emaj-42	229	3	occurs	occur	VERB
emaj-42	229	4	for	for	ADP
emaj-42	229	5	manifest	manifest	ADJ
emaj-42	229	6	variable	variable	ADJ
emaj-42	229	7	total	total	ADJ
emaj-42	229	8	asset	asset	NOUN
emaj-42	229	9	with	with	ADP
emaj-42	229	10	respect	respect	NOUN
emaj-42	229	11	to	to	ADP
emaj-42	229	12	the	the	DET
emaj-42	229	13	latent	latent	NOUN
emaj-42	229	14	variable	variable	ADJ
emaj-42	229	15	specific	specific	ADJ
emaj-42	229	16	subsidiaries	subsidiary	NOUN
emaj-42	229	17	,	,	PUNCT
emaj-42	229	18	and	and	CCONJ
emaj-42	229	19	for	for	ADP
emaj-42	229	20	latent	latent	NOUN
emaj-42	229	21	variable	variable	ADJ
emaj-42	229	22	parent	parent	NOUN
emaj-42	229	23	specific	specific	ADJ
emaj-42	229	24	with	with	ADP
emaj-42	229	25	the	the	DET
emaj-42	229	26	two	two	NUM
emaj-42	229	27	manifest	manif	ADJ
emaj-42	229	28	variables	variable	NOUN
emaj-42	229	29	total	total	ADJ
emaj-42	229	30	asset	asset	NOUN
emaj-42	229	31	and	and	CCONJ
emaj-42	229	32	roe	roe	NOUN
emaj-42	229	33	.	.	PUNCT
emaj-42	230	1	among	among	ADP
emaj-42	230	2	fundamental	fundamental	ADJ
emaj-42	230	3	variables	variable	NOUN
emaj-42	230	4	of	of	ADP
emaj-42	230	5	the	the	DET
emaj-42	230	6	subsidiary	subsidiary	NOUN
emaj-42	230	7	,	,	PUNCT
emaj-42	230	8	only	only	ADV
emaj-42	230	9	the	the	DET
emaj-42	230	10	variable	variable	ADJ
emaj-42	230	11	exchange	exchange	NOUN
emaj-42	230	12	rate	rate	NOUN
emaj-42	230	13	does	do	AUX
emaj-42	230	14	not	not	PART
emaj-42	230	15	significantly	significantly	ADV
emaj-42	230	16	affect	affect	VERB
emaj-42	230	17	the	the	DET
emaj-42	230	18	latent	latent	NOUN
emaj-42	230	19	variable	variable	ADJ
emaj-42	230	20	specific	specific	ADJ
emaj-42	230	21	subsidiary	subsidiary	NOUN
emaj-42	230	22	.	.	PUNCT
emaj-42	231	1	the	the	DET
emaj-42	231	2	variable	variable	ADJ
emaj-42	231	3	loan	loan	NOUN
emaj-42	231	4	loss	loss	NOUN
emaj-42	231	5	provision	provision	NOUN
emaj-42	231	6	has	have	VERB
emaj-42	231	7	a	a	DET
emaj-42	231	8	significantly	significantly	ADV
emaj-42	231	9	negative	negative	ADJ
emaj-42	231	10	effect	effect	NOUN
emaj-42	231	11	on	on	ADP
emaj-42	231	12	the	the	DET
emaj-42	231	13	latent	latent	ADJ
emaj-42	231	14	variables	variable	NOUN
emaj-42	231	15	of	of	ADP
emaj-42	231	16	the	the	DET
emaj-42	231	17	subsidiary	subsidiary	NOUN
emaj-42	231	18	.	.	PUNCT
emaj-42	232	1	table	table	NOUN
emaj-42	232	2	4	4	NUM
emaj-42	232	3	.	.	PUNCT
emaj-42	232	4	normalized	normalize	VERB
emaj-42	232	5	outer	outer	ADJ
emaj-42	232	6	weights	weight	NOUN
emaj-42	232	7	and	and	CCONJ
emaj-42	232	8	average	average	ADJ
emaj-42	232	9	communalities	communalitie	NOUN
emaj-42	232	10	table	table	NOUN
emaj-42	232	11	5	5	NUM
emaj-42	232	12	.	.	PUNCT
emaj-42	232	13	shows	show	VERB
emaj-42	232	14	that	that	SCONJ
emaj-42	232	15	the	the	DET
emaj-42	232	16	goodness	goodness	NOUN
emaj-42	232	17	of	of	ADP
emaj-42	232	18	fit	fit	ADJ
emaj-42	232	19	index1	index1	PROPN
emaj-42	232	20	for	for	ADP
emaj-42	232	21	both	both	CCONJ
emaj-42	232	22	the	the	DET
emaj-42	232	23	structural	structural	ADJ
emaj-42	232	24	and	and	CCONJ
emaj-42	232	25	1a	1a	PROPN
emaj-42	232	26	global	global	ADJ
emaj-42	232	27	criterion	criterion	NOUN
emaj-42	232	28	of	of	ADP
emaj-42	232	29	goodness	goodness	NOUN
emaj-42	232	30	-	-	PUNCT
emaj-42	232	31	of	of	ADP
emaj-42	232	32	-	-	PUNCT
emaj-42	232	33	fit	fit	ADJ
emaj-42	232	34	(	(	PUNCT
emaj-42	232	35	gof	gof	NOUN
emaj-42	232	36	)	)	PUNCT
emaj-42	232	37	can	can	AUX
emaj-42	232	38	be	be	AUX
emaj-42	232	39	given	give	VERB
emaj-42	232	40	(	(	PUNCT
emaj-42	232	41	espisit	espisit	PROPN
emaj-42	232	42	.	.	PROPN
emaj-42	232	43	,	,	PUNCT
emaj-42	232	44	2008	2008	NUM
emaj-42	232	45	)	)	PUNCT
emaj-42	232	46	by	by	ADP
emaj-42	232	47	the	the	DET
emaj-42	232	48	geometric	geometric	ADJ
emaj-42	232	49	mean	mean	NOUN
emaj-42	232	50	of	of	ADP
emaj-42	232	51	the	the	DET
emaj-42	232	52	average	average	ADJ
emaj-42	232	53	communality	communality	NOUN
emaj-42	232	54	and	and	CCONJ
emaj-42	232	55	measurement	measurement	NOUN
emaj-42	232	56	models	model	NOUN
emaj-42	232	57	are	be	AUX
emaj-42	232	58	satisfactory	satisfactory	ADJ
emaj-42	232	59	with	with	ADP
emaj-42	232	60	an	an	DET
emaj-42	232	61	absolute	absolute	ADJ
emaj-42	232	62	gof	gof	NOUN
emaj-42	232	63	value	value	NOUN
emaj-42	232	64	of	of	ADP
emaj-42	232	65	0.523	0.523	NUM
emaj-42	232	66	and	and	CCONJ
emaj-42	232	67	an	an	DET
emaj-42	232	68	equal	equal	ADJ
emaj-42	232	69	contribution	contribution	NOUN
emaj-42	232	70	of	of	ADP
emaj-42	232	71	measurement	measurement	NOUN
emaj-42	232	72	model	model	NOUN
emaj-42	232	73	in	in	ADP
emaj-42	232	74	constructing	construct	VERB
emaj-42	232	75	it	it	PRON
emaj-42	232	76	.	.	PUNCT
emaj-42	233	1	the	the	DET
emaj-42	233	2	relative	relative	ADJ
emaj-42	233	3	gof	gof	NOUN
emaj-42	233	4	is	be	AUX
emaj-42	233	5	very	very	ADV
emaj-42	233	6	high	high	ADJ
emaj-42	233	7	.	.	PUNCT
emaj-42	234	1	so	so	ADV
emaj-42	234	2	are	be	AUX
emaj-42	234	3	inner	inner	ADJ
emaj-42	234	4	and	and	CCONJ
emaj-42	234	5	outer	outer	ADJ
emaj-42	234	6	models	model	NOUN
emaj-42	234	7	gof	gof	ADJ
emaj-42	234	8	.	.	PROPN
emaj-42	234	9	table	table	NOUN
emaj-42	234	10	5	5	NUM
emaj-42	234	11	.	.	X
emaj-42	235	1	goodness	goodness	NOUN
emaj-42	235	2	of	of	ADP
emaj-42	235	3	fit	fit	ADJ
emaj-42	235	4	index	index	NOUN
emaj-42	235	5	for	for	ADP
emaj-42	235	6	the	the	DET
emaj-42	235	7	hole	hole	NOUN
emaj-42	235	8	model	model	VERB
emaj-42	235	9	the	the	DET
emaj-42	235	10	average	average	ADJ
emaj-42	235	11	r2	r2	NOUN
emaj-42	235	12	:	:	PUNCT
emaj-42	235	13	variable	variable	ADJ
emaj-42	235	14	latent	latent	NOUN
emaj-42	235	15	manifest	manifest	NOUN
emaj-42	235	16	variables	variable	NOUN
emaj-42	235	17	loadings	loading	NOUN
emaj-42	235	18	normalized	normalize	VERB
emaj-42	235	19	outer	outer	ADJ
emaj-42	235	20	weights	weight	NOUN
emaj-42	235	21	averagev	averagev	VERB
emaj-42	235	22	communalit	communalit	PROPN
emaj-42	235	23	y	y	PROPN
emaj-42	235	24	macro	macro	PROPN
emaj-42	235	25	subsidiaries	subsidiary	NOUN
emaj-42	235	26	sgdpgrow	sgdpgrow	VERB
emaj-42	235	27	th	th	PRON
emaj-42	235	28	1,042	1,042	NUM
emaj-42	235	29	*	*	PUNCT
emaj-42	235	30	*	*	PUNCT
emaj-42	235	31	0,905	0,905	NUM
emaj-42	235	32	sexchange	sexchange	VERB
emaj-42	235	33	1,377	1,377	NUM
emaj-42	235	34	0,026	0,026	NUM
emaj-42	235	35	sconcentrat	sconcentrat	NOUN
emaj-42	235	36	ion	ion	NOUN
emaj-42	235	37	0,010	0,010	NUM
emaj-42	235	38	*	*	PUNCT
emaj-42	235	39	0,055	0,055	NUM
emaj-42	235	40	0,541	0,541	NUM
emaj-42	235	41	macro	macro	ADJ
emaj-42	235	42	parent	parent	NOUN
emaj-42	235	43	pgdpgrow	pgdpgrow	NOUN
emaj-42	235	44	th	th	X
emaj-42	235	45	4,427	4,427	NUM
emaj-42	235	46	*	*	PUNCT
emaj-42	235	47	*	*	PUNCT
emaj-42	235	48	0,833	0,833	NUM
emaj-42	235	49	crisis	crisis	NOUN
emaj-42	235	50	0,077	0,077	NUM
emaj-42	236	1	*	*	SYM
emaj-42	236	2	0,166	0,166	NUM
emaj-42	236	3	0,628	0,628	NUM
emaj-42	236	4	subsidiarie	subsidiarie	NOUN
emaj-42	236	5	s	s	PART
emaj-42	236	6	specific	specific	ADJ
emaj-42	236	7	stotalasset	stotalasset	NOUN
emaj-42	236	8	s	s	VERB
emaj-42	236	9	4,981	4,981	NUM
emaj-42	236	10	*	*	PUNCT
emaj-42	236	11	*	*	PUNCT
emaj-42	236	12	0,715	0,715	NUM
emaj-42	236	13	sequity	sequity	NOUN
emaj-42	236	14	2,354	2,354	NUM
emaj-42	236	15	*	*	SYM
emaj-42	236	16	0,103	0,103	NUM
emaj-42	236	17	sloanloss	sloanloss	NOUN
emaj-42	236	18	1,785	1,785	NUM
emaj-42	236	19	*	*	PUNCT
emaj-42	236	20	*	*	SYM
emaj-42	236	21	0,037	0,037	NUM
emaj-42	236	22	sroe	sroe	NOUN
emaj-42	236	23	2,982	2,982	NUM
emaj-42	236	24	*	*	SYM
emaj-42	236	25	0,103	0,103	NUM
emaj-42	236	26	sliquidity	sliquidity	NOUN
emaj-42	236	27	1,254	1,254	NUM
emaj-42	236	28	0,040	0,040	NUM
emaj-42	236	29	0,587	0,587	NUM
emaj-42	236	30	parent	parent	NOUN
emaj-42	236	31	specific	specific	ADJ
emaj-42	236	32	ptotalasset	ptotalasset	NOUN
emaj-42	236	33	s	s	NOUN
emaj-42	236	34	3,258	3,258	NUM
emaj-42	236	35	*	*	PUNCT
emaj-42	236	36	*	*	PUNCT
emaj-42	236	37	0,477	0,477	NUM
emaj-42	236	38	pequity	pequity	NOUN
emaj-42	236	39	1,249	1,249	NUM
emaj-42	236	40	*	*	SYM
emaj-42	236	41	0,051	0,051	NUM
emaj-42	236	42	ploanloss	ploanloss	ADP
emaj-42	236	43	0,955	0,955	NUM
emaj-42	236	44	*	*	NOUN
emaj-42	236	45	*	*	NOUN
emaj-42	236	46	0,097	0,097	NUM
emaj-42	236	47	0,721	0,721	NUM
emaj-42	236	48	proe	proe	NOUN
emaj-42	236	49	4,111	4,111	NUM
emaj-42	236	50	*	*	PUNCT
emaj-42	236	51	*	*	SYM
emaj-42	236	52	0,131	0,131	NUM
emaj-42	236	53	pliquidity	pliquidity	NOUN
emaj-42	236	54	1,281	1,281	NUM
emaj-42	236	55	*	*	SYM
emaj-42	236	56	0,041	0,041	NUM
emaj-42	236	57	loan	loan	NOUN
emaj-42	236	58	strategy	strategy	NOUN
emaj-42	236	59	sioan	sioan	NOUN
emaj-42	236	60	1,767	1,767	NUM
emaj-42	236	61	*	*	PUNCT
emaj-42	236	62	*	*	PUNCT
emaj-42	236	63	1,000	1,000	NUM
emaj-42	236	64	0,591	0,591	NUM
emaj-42	236	65	market	market	NOUN
emaj-42	236	66	discipline	discipline	NOUN
emaj-42	236	67	sbankdepo	sbankdepo	PROPN
emaj-42	236	68	sits	sit	VERB
emaj-42	236	69	0,184	0,184	NUM
emaj-42	236	70	*	*	PUNCT
emaj-42	236	71	*	*	PUNCT
emaj-42	236	72	0,136	0,136	NUM
emaj-42	236	73	0,570	0,570	NUM
emaj-42	236	74	gof	gof	ADJ
emaj-42	236	75	gof	gof	NOUN
emaj-42	236	76	(	(	PUNCT
emaj-42	236	77	bootstrap	bootstrap	NOUN
emaj-42	236	78	)	)	PUNCT
emaj-42	236	79	borne	borne	NOUN
emaj-42	236	80	inférieure	inférieure	NOUN
emaj-42	236	81	(	(	PUNCT
emaj-42	236	82	95	95	NUM
emaj-42	236	83	%	%	NOUN
emaj-42	236	84	)	)	PUNCT
emaj-42	236	85	borne	bear	VERB
emaj-42	236	86	supérieure	supérieure	NOUN
emaj-42	236	87	(	(	PUNCT
emaj-42	236	88	95	95	NUM
emaj-42	236	89	%	%	NOUN
emaj-42	236	90	)	)	PUNCT
emaj-42	236	91	absolu	absolu	X
emaj-42	236	92	0,523	0,523	NUM
emaj-42	236	93	0,526	0,526	NUM
emaj-42	236	94	0,515	0,515	NUM
emaj-42	236	95	0,584	0,584	NUM
emaj-42	236	96	relatif	relatif	PROPN
emaj-42	236	97	0,842	0,842	NUM
emaj-42	236	98	0,844	0,844	NUM
emaj-42	236	99	0,811	0,811	NUM
emaj-42	236	100	0,876	0,876	NUM
emaj-42	236	101	modèle	modèle	PROPN
emaj-42	236	102	externe	externe	PROPN
emaj-42	236	103	0,869	0,869	NUM
emaj-42	236	104	0,869	0,869	NUM
emaj-42	236	105	0,848	0,848	NUM
emaj-42	236	106	0,882	0,882	NUM
emaj-42	236	107	modèle	modèle	PROPN
emaj-42	236	108	interne	interne	NOUN
emaj-42	236	109	0,978	0,978	NUM
emaj-42	236	110	0,9769	0,9769	NOUN
emaj-42	236	111	0,948	0,948	NUM
emaj-42	236	112	0,985	0,985	NUM
emaj-42	236	113	determinants	determinant	NOUN
emaj-42	236	114	of	of	ADP
emaj-42	236	115	loans	loan	NOUN
emaj-42	236	116	and	and	CCONJ
emaj-42	236	117	deposits	deposit	NOUN
emaj-42	236	118	strategies	strategy	NOUN
emaj-42	236	119	of	of	ADP
emaj-42	236	120	foreign	foreign	ADJ
emaj-42	236	121	bank	bank	NOUN
emaj-42	236	122	subsidiaries	subsidiary	NOUN
emaj-42	236	123	in	in	ADP
emaj-42	236	124	emerging	emerge	VERB
emaj-42	236	125	countries	country	NOUN
emaj-42	236	126	emerging	emerge	VERB
emaj-42	236	127	markets	market	NOUN
emaj-42	236	128	journal	journal	NOUN
emaj-42	236	129	|	|	ADV
emaj-42	236	130	p	p	NOUN
emaj-42	236	131	a	a	DET
emaj-42	236	132	g	g	NOUN
emaj-42	236	133	e	e	NOUN
emaj-42	236	134	|39	|39	ADJ
emaj-42	236	135	volume	volume	NOUN
emaj-42	236	136	3	3	NUM
emaj-42	236	137	no	no	DET
emaj-42	236	138	2	2	NUM
emaj-42	236	139	(	(	PUNCT
emaj-42	236	140	2013	2013	NUM
emaj-42	236	141	)	)	PUNCT
emaj-42	236	142	|	|	ADV
emaj-42	236	143	issn	issn	VERB
emaj-42	236	144	2158	2158	NUM
emaj-42	236	145	-	-	SYM
emaj-42	236	146	8708	8708	NUM
emaj-42	236	147	(	(	PUNCT
emaj-42	236	148	online	online	NOUN
emaj-42	236	149	)	)	PUNCT
emaj-42	236	150	|	|	ADV
emaj-42	236	151	10.5195	10.5195	NUM
emaj-42	236	152	/	/	SYM
emaj-42	236	153	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	236	154	|	|	ADV
emaj-42	236	155	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	236	156	after	after	ADP
emaj-42	236	157	checking	check	VERB
emaj-42	236	158	the	the	DET
emaj-42	236	159	reliability	reliability	NOUN
emaj-42	236	160	and	and	CCONJ
emaj-42	236	161	validity	validity	NOUN
emaj-42	236	162	of	of	ADP
emaj-42	236	163	the	the	DET
emaj-42	236	164	relationship	relationship	NOUN
emaj-42	236	165	between	between	ADP
emaj-42	236	166	manifest	manifest	ADJ
emaj-42	236	167	and	and	CCONJ
emaj-42	236	168	latent	latent	NOUN
emaj-42	236	169	variables	variable	NOUN
emaj-42	236	170	,	,	PUNCT
emaj-42	236	171	we	we	PRON
emaj-42	236	172	present	present	VERB
emaj-42	236	173	in	in	ADP
emaj-42	236	174	the	the	DET
emaj-42	236	175	following	follow	VERB
emaj-42	236	176	the	the	DET
emaj-42	236	177	results	result	NOUN
emaj-42	236	178	of	of	ADP
emaj-42	236	179	the	the	DET
emaj-42	236	180	structural	structural	ADJ
emaj-42	236	181	model	model	NOUN
emaj-42	236	182	and	and	CCONJ
emaj-42	236	183	the	the	DET
emaj-42	236	184	relationships	relationship	NOUN
emaj-42	236	185	between	between	ADP
emaj-42	236	186	latent	latent	NOUN
emaj-42	236	187	variables	variable	NOUN
emaj-42	236	188	.	.	PUNCT
emaj-42	237	1	since	since	SCONJ
emaj-42	237	2	the	the	DET
emaj-42	237	3	pls	pls	PROPN
emaj-42	237	4	approach	approach	NOUN
emaj-42	237	5	is	be	AUX
emaj-42	237	6	distribution	distribution	NOUN
emaj-42	237	7	free	free	ADJ
emaj-42	237	8	,	,	PUNCT
emaj-42	237	9	the	the	DET
emaj-42	237	10	nonparametric	nonparametric	NOUN
emaj-42	237	11	bootstrap	bootstrap	NOUN
emaj-42	237	12	procedure	procedure	NOUN
emaj-42	237	13	is	be	AUX
emaj-42	237	14	used	use	VERB
emaj-42	237	15	to	to	PART
emaj-42	237	16	estimate	estimate	VERB
emaj-42	237	17	the	the	DET
emaj-42	237	18	t	t	PROPN
emaj-42	237	19	-	-	PUNCT
emaj-42	237	20	statistics	statistic	NOUN
emaj-42	237	21	and	and	CCONJ
emaj-42	237	22	the	the	DET
emaj-42	237	23	significance	significance	NOUN
emaj-42	237	24	levels	level	NOUN
emaj-42	237	25	for	for	ADP
emaj-42	237	26	the	the	DET
emaj-42	237	27	structural	structural	ADJ
emaj-42	237	28	path	path	NOUN
emaj-42	237	29	coefficients	coefficient	NOUN
emaj-42	237	30	(	(	PUNCT
emaj-42	237	31	chin	chin	NOUN
emaj-42	237	32	,	,	PUNCT
emaj-42	237	33	1998	1998	NUM
emaj-42	237	34	)	)	PUNCT
emaj-42	237	35	.	.	PUNCT
emaj-42	238	1	let	let	VERB
emaj-42	238	2	’s	’s	ADJ
emaj-42	238	3	first	first	ADJ
emaj-42	238	4	study	study	NOUN
emaj-42	238	5	factors	factor	NOUN
emaj-42	238	6	affecting	affect	VERB
emaj-42	238	7	loans	loan	NOUN
emaj-42	238	8	strategy	strategy	NOUN
emaj-42	238	9	of	of	ADP
emaj-42	238	10	subsidiaries	subsidiary	NOUN
emaj-42	238	11	in	in	ADP
emaj-42	238	12	emerging	emerge	VERB
emaj-42	238	13	market	market	NOUN
emaj-42	238	14	.	.	PUNCT
emaj-42	239	1	the	the	DET
emaj-42	239	2	results	result	NOUN
emaj-42	239	3	of	of	ADP
emaj-42	239	4	structural	structural	ADJ
emaj-42	239	5	model	model	NOUN
emaj-42	239	6	with	with	ADP
emaj-42	239	7	δloans	δloan	NOUN
emaj-42	239	8	as	as	ADP
emaj-42	239	9	the	the	DET
emaj-42	239	10	dependent	dependent	ADJ
emaj-42	239	11	variable	variable	NOUN
emaj-42	239	12	are	be	AUX
emaj-42	239	13	summarized	summarize	VERB
emaj-42	239	14	in	in	ADP
emaj-42	239	15	figure	figure	NOUN
emaj-42	239	16	22	22	NUM
emaj-42	239	17	.	.	PUNCT
emaj-42	240	1	figure	figure	NOUN
emaj-42	240	2	2	2	NUM
emaj-42	240	3	.	.	NOUN
emaj-42	241	1	results	result	NOUN
emaj-42	241	2	of	of	ADP
emaj-42	241	3	pls	pls	INTJ
emaj-42	241	4	estimation	estimation	NOUN
emaj-42	241	5	for	for	ADP
emaj-42	241	6	the	the	DET
emaj-42	241	7	theoretical	theoretical	ADJ
emaj-42	241	8	model	model	NOUN
emaj-42	241	9	(	(	PUNCT
emaj-42	241	10	a	a	X
emaj-42	241	11	)	)	PUNCT
emaj-42	241	12	the	the	DET
emaj-42	241	13	regression	regression	NOUN
emaj-42	241	14	coefficients	coefficient	NOUN
emaj-42	241	15	and	and	CCONJ
emaj-42	241	16	associated	associate	VERB
emaj-42	241	17	t	t	PROPN
emaj-42	241	18	-	-	PUNCT
emaj-42	241	19	values	value	NOUN
emaj-42	241	20	are	be	AUX
emaj-42	241	21	shown	show	VERB
emaj-42	241	22	on	on	ADP
emaj-42	241	23	the	the	DET
emaj-42	241	24	links	link	NOUN
emaj-42	241	25	(	(	PUNCT
emaj-42	241	26	arrows	arrow	NOUN
emaj-42	241	27	)	)	PUNCT
emaj-42	241	28	between	between	ADP
emaj-42	241	29	exogenous	exogenous	ADJ
emaj-42	241	30	and	and	CCONJ
emaj-42	241	31	endogenous	endogenous	ADJ
emaj-42	241	32	latent	latent	NOUN
emaj-42	241	33	variables	variable	NOUN
emaj-42	241	34	.	.	PUNCT
emaj-42	242	1	the	the	DET
emaj-42	242	2	constructs	construct	NOUN
emaj-42	242	3	in	in	ADP
emaj-42	242	4	the	the	DET
emaj-42	242	5	model	model	NOUN
emaj-42	242	6	have	have	VERB
emaj-42	242	7	both	both	CCONJ
emaj-42	242	8	small	small	ADJ
emaj-42	242	9	and	and	CCONJ
emaj-42	242	10	large	large	ADJ
emaj-42	242	11	effects	effect	NOUN
emaj-42	242	12	on	on	ADP
emaj-42	242	13	loans	loan	NOUN
emaj-42	242	14	growth	growth	NOUN
emaj-42	242	15	.	.	PUNCT
emaj-42	243	1	the	the	DET
emaj-42	243	2	results	result	NOUN
emaj-42	243	3	show	show	VERB
emaj-42	243	4	that	that	SCONJ
emaj-42	243	5	the	the	DET
emaj-42	243	6	proposed	propose	VERB
emaj-42	243	7	model	model	NOUN
emaj-42	243	8	for	for	ADP
emaj-42	243	9	loan	loan	NOUN
emaj-42	243	10	growth	growth	NOUN
emaj-42	243	11	has	have	VERB
emaj-42	243	12	a	a	DET
emaj-42	243	13	r	r	NOUN
emaj-42	243	14	-	-	PUNCT
emaj-42	243	15	square	square	NOUN
emaj-42	243	16	of	of	ADP
emaj-42	243	17	0.328	0.328	NUM
emaj-42	243	18	.	.	PUNCT
emaj-42	243	19	2	2	NUM
emaj-42	243	20	to	to	PART
emaj-42	243	21	simplify	simplify	VERB
emaj-42	243	22	the	the	DET
emaj-42	243	23	figure	figure	NOUN
emaj-42	243	24	we	we	PRON
emaj-42	243	25	do	do	AUX
emaj-42	243	26	not	not	PART
emaj-42	243	27	present	present	VERB
emaj-42	243	28	the	the	DET
emaj-42	243	29	regression	regression	NOUN
emaj-42	243	30	results	result	NOUN
emaj-42	243	31	of	of	ADP
emaj-42	243	32	exogenous	exogenous	ADJ
emaj-42	243	33	latent	latent	NOUN
emaj-42	243	34	variables	variable	NOUN
emaj-42	243	35	on	on	ADP
emaj-42	243	36	the	the	DET
emaj-42	243	37	variable	variable	ADJ
emaj-42	243	38	δdeposit	δdeposit	NOUN
emaj-42	243	39	.	.	PUNCT
emaj-42	244	1	additionally	additionally	ADV
emaj-42	244	2	,	,	PUNCT
emaj-42	244	3	the	the	DET
emaj-42	244	4	r	r	NOUN
emaj-42	244	5	-	-	PUNCT
emaj-42	244	6	squares	square	NOUN
emaj-42	244	7	for	for	ADP
emaj-42	244	8	the	the	DET
emaj-42	244	9	outcome	outcome	NOUN
emaj-42	244	10	constructs	construct	NOUN
emaj-42	244	11	of	of	ADP
emaj-42	244	12	parent	parent	NOUN
emaj-42	244	13	and	and	CCONJ
emaj-42	244	14	subsidiaries	subsidiary	NOUN
emaj-42	244	15	fundamentals	fundamental	NOUN
emaj-42	244	16	variables	variable	NOUN
emaj-42	244	17	are	be	AUX
emaj-42	244	18	0.262	0.262	NUM
emaj-42	244	19	and	and	CCONJ
emaj-42	244	20	0.231	0.231	NUM
emaj-42	244	21	respectively	respectively	ADV
emaj-42	244	22	.	.	PUNCT
emaj-42	245	1	a	a	DET
emaj-42	245	2	positive	positive	ADJ
emaj-42	245	3	effect	effect	NOUN
emaj-42	245	4	was	be	AUX
emaj-42	245	5	found	find	VERB
emaj-42	245	6	for	for	ADP
emaj-42	245	7	the	the	DET
emaj-42	245	8	built	build	VERB
emaj-42	245	9	variables	variable	NOUN
emaj-42	245	10	parent	parent	NOUN
emaj-42	245	11	and	and	CCONJ
emaj-42	245	12	subsidiaries	subsidiary	NOUN
emaj-42	245	13	fundamentals	fundamental	NOUN
emaj-42	245	14	on	on	ADP
emaj-42	245	15	loans	loan	NOUN
emaj-42	245	16	growth	growth	NOUN
emaj-42	245	17	with	with	ADP
emaj-42	245	18	coefficients	coefficient	NOUN
emaj-42	245	19	of	of	ADP
emaj-42	245	20	0.329	0.329	NUM
emaj-42	245	21	and	and	CCONJ
emaj-42	245	22	0.271	0.271	NUM
emaj-42	245	23	respectively	respectively	ADV
emaj-42	245	24	.	.	PUNCT
emaj-42	246	1	this	this	PRON
emaj-42	246	2	imply	imply	VERB
emaj-42	246	3	that	that	SCONJ
emaj-42	246	4	the	the	DET
emaj-42	246	5	strategy	strategy	NOUN
emaj-42	246	6	of	of	ADP
emaj-42	246	7	loans	loan	NOUN
emaj-42	246	8	supply	supply	NOUN
emaj-42	246	9	of	of	ADP
emaj-42	246	10	subsidiaries	subsidiary	NOUN
emaj-42	246	11	in	in	ADP
emaj-42	246	12	emerging	emerge	VERB
emaj-42	246	13	countries	country	NOUN
emaj-42	246	14	depends	depend	VERB
emaj-42	246	15	more	more	ADV
emaj-42	246	16	heavily	heavily	ADV
emaj-42	246	17	on	on	ADP
emaj-42	246	18	fundamentals	fundamental	NOUN
emaj-42	246	19	of	of	ADP
emaj-42	246	20	the	the	DET
emaj-42	246	21	parent	parent	NOUN
emaj-42	246	22	bank	bank	NOUN
emaj-42	246	23	rather	rather	ADV
emaj-42	246	24	than	than	ADP
emaj-42	246	25	on	on	ADP
emaj-42	246	26	specific	specific	ADJ
emaj-42	246	27	variables	variable	NOUN
emaj-42	246	28	of	of	ADP
emaj-42	246	29	subsidiaries	subsidiary	NOUN
emaj-42	246	30	.	.	PUNCT
emaj-42	247	1	we	we	PRON
emaj-42	247	2	deduce	deduce	VERB
emaj-42	247	3	that	that	SCONJ
emaj-42	247	4	the	the	DET
emaj-42	247	5	liquidity	liquidity	NOUN
emaj-42	247	6	of	of	ADP
emaj-42	247	7	the	the	DET
emaj-42	247	8	subsidiaries	subsidiary	NOUN
emaj-42	247	9	is	be	AUX
emaj-42	247	10	centrally	centrally	ADV
emaj-42	247	11	managed	manage	VERB
emaj-42	247	12	at	at	ADP
emaj-42	247	13	the	the	DET
emaj-42	247	14	parent	parent	NOUN
emaj-42	247	15	bank	bank	PROPN
emaj-42	247	16	and	and	CCONJ
emaj-42	247	17	credit	credit	NOUN
emaj-42	247	18	supply	supply	NOUN
emaj-42	247	19	of	of	ADP
emaj-42	247	20	subsidiaries	subsidiary	NOUN
emaj-42	247	21	depends	depend	VERB
emaj-42	247	22	primary	primary	ADJ
emaj-42	247	23	on	on	ADP
emaj-42	247	24	the	the	DET
emaj-42	247	25	financial	financial	ADJ
emaj-42	247	26	situation	situation	NOUN
emaj-42	247	27	of	of	ADP
emaj-42	247	28	its	its	PRON
emaj-42	247	29	parent	parent	NOUN
emaj-42	247	30	bank	bank	NOUN
emaj-42	247	31	.	.	PUNCT
emaj-42	248	1	other	other	ADJ
emaj-42	248	2	relationships	relationship	NOUN
emaj-42	248	3	,	,	PUNCT
emaj-42	248	4	that	that	PRON
emaj-42	248	5	justifies	justify	VERB
emaj-42	248	6	our	our	PRON
emaj-42	248	7	use	use	NOUN
emaj-42	248	8	of	of	ADP
emaj-42	248	9	pls	pls	PROPN
emaj-42	248	10	path	path	NOUN
emaj-42	248	11	approach	approach	NOUN
emaj-42	248	12	,	,	PUNCT
emaj-42	248	13	can	can	AUX
emaj-42	248	14	be	be	AUX
emaj-42	248	15	highlighted	highlight	VERB
emaj-42	248	16	and	and	CCONJ
emaj-42	248	17	falling	fall	VERB
emaj-42	248	18	multicollinearity	multicollinearity	NOUN
emaj-42	248	19	problems	problem	NOUN
emaj-42	248	20	between	between	ADP
emaj-42	248	21	variables	variable	NOUN
emaj-42	248	22	.	.	PUNCT
emaj-42	249	1	in	in	ADP
emaj-42	249	2	particular	particular	ADJ
emaj-42	249	3	,	,	PUNCT
emaj-42	249	4	the	the	DET
emaj-42	249	5	specific	specific	ADJ
emaj-42	249	6	variables	variable	NOUN
emaj-42	249	7	of	of	ADP
emaj-42	249	8	the	the	DET
emaj-42	249	9	subsidiary	subsidiary	NOUN
emaj-42	249	10	appear	appear	VERB
emaj-42	249	11	strongly	strongly	ADV
emaj-42	249	12	affected	affect	VERB
emaj-42	249	13	by	by	ADP
emaj-42	249	14	macroeconomic	macroeconomic	ADJ
emaj-42	249	15	characteristics	characteristic	NOUN
emaj-42	249	16	of	of	ADP
emaj-42	249	17	the	the	DET
emaj-42	249	18	home	home	NOUN
emaj-42	249	19	country	country	NOUN
emaj-42	249	20	.	.	PUNCT
emaj-42	250	1	parent	parent	PROPN
emaj-42	250	2	bank	bank	PROPN
emaj-42	250	3	appears	appear	VERB
emaj-42	250	4	also	also	ADV
emaj-42	250	5	strongly	strongly	ADV
emaj-42	250	6	influenced	influence	VERB
emaj-42	250	7	by	by	ADP
emaj-42	250	8	maco	maco	PROPN
emaj-42	250	9	-	-	PUNCT
emaj-42	250	10	economic	economic	ADJ
emaj-42	250	11	variables	variable	NOUN
emaj-42	250	12	of	of	ADP
emaj-42	250	13	the	the	DET
emaj-42	250	14	let	let	NOUN
emaj-42	250	15	’s	’s	NOUN
emaj-42	250	16	study	study	VERB
emaj-42	250	17	the	the	DET
emaj-42	250	18	results	result	NOUN
emaj-42	250	19	of	of	ADP
emaj-42	250	20	the	the	DET
emaj-42	250	21	structural	structural	ADJ
emaj-42	250	22	model	model	NOUN
emaj-42	250	23	estimates	estimate	NOUN
emaj-42	250	24	.	.	PUNCT
emaj-42	251	1	table	table	NOUN
emaj-42	251	2	6	6	NUM
emaj-42	251	3	shows	show	VERB
emaj-42	251	4	the	the	DET
emaj-42	251	5	correlation	correlation	NOUN
emaj-42	251	6	and	and	CCONJ
emaj-42	251	7	regression	regression	NOUN
emaj-42	251	8	path	path	NOUN
emaj-42	251	9	coefficients	coefficient	NOUN
emaj-42	251	10	linking	link	VERB
emaj-42	251	11	each	each	DET
emaj-42	251	12	exogenous	exogenous	ADJ
emaj-42	251	13	latent	latent	NOUN
emaj-42	251	14	variable	variable	NOUN
emaj-42	251	15	to	to	ADP
emaj-42	251	16	the	the	DET
emaj-42	251	17	endogenous	endogenous	ADJ
emaj-42	251	18	loan	loan	NOUN
emaj-42	251	19	strategy	strategy	NOUN
emaj-42	251	20	.	.	PUNCT
emaj-42	252	1	the	the	DET
emaj-42	252	2	interpretation	interpretation	NOUN
emaj-42	252	3	of	of	ADP
emaj-42	252	4	this	this	DET
emaj-42	252	5	table	table	NOUN
emaj-42	252	6	should	should	AUX
emaj-42	252	7	be	be	AUX
emaj-42	252	8	done	do	VERB
emaj-42	252	9	in	in	ADP
emaj-42	252	10	conjunction	conjunction	NOUN
emaj-42	252	11	with	with	ADP
emaj-42	252	12	table	table	NOUN
emaj-42	252	13	3	3	NUM
emaj-42	252	14	which	which	PRON
emaj-42	252	15	presents	present	VERB
emaj-42	252	16	the	the	DET
emaj-42	252	17	loading	loading	NOUN
emaj-42	252	18	factors	factor	NOUN
emaj-42	252	19	.	.	PUNCT
emaj-42	253	1	we	we	PRON
emaj-42	253	2	can	can	AUX
emaj-42	253	3	conclude	conclude	VERB
emaj-42	253	4	that	that	SCONJ
emaj-42	253	5	all	all	DET
emaj-42	253	6	path	path	NOUN
emaj-42	253	7	coefficient	coefficient	NOUN
emaj-42	253	8	estimates	estimate	NOUN
emaj-42	253	9	of	of	ADP
emaj-42	253	10	the	the	DET
emaj-42	253	11	structural	structural	ADJ
emaj-42	253	12	model	model	NOUN
emaj-42	253	13	are	be	AUX
emaj-42	253	14	significant	significant	ADJ
emaj-42	253	15	.	.	PUNCT
emaj-42	254	1	looking	look	VERB
emaj-42	254	2	at	at	ADP
emaj-42	254	3	the	the	DET
emaj-42	254	4	path	path	NOUN
emaj-42	254	5	coefficients	coefficient	NOUN
emaj-42	254	6	,	,	PUNCT
emaj-42	254	7	we	we	PRON
emaj-42	254	8	note	note	VERB
emaj-42	254	9	that	that	SCONJ
emaj-42	254	10	credit	credit	NOUN
emaj-42	254	11	growth	growth	NOUN
emaj-42	254	12	of	of	ADP
emaj-42	254	13	the	the	DET
emaj-42	254	14	subsidiary	subsidiary	NOUN
emaj-42	254	15	mainly	mainly	ADV
emaj-42	254	16	depend	depend	VERB
emaj-42	254	17	on	on	ADP
emaj-42	254	18	macroeconomic	macroeconomic	ADJ
emaj-42	254	19	conditions	condition	NOUN
emaj-42	254	20	of	of	ADP
emaj-42	254	21	the	the	DET
emaj-42	254	22	country	country	NOUN
emaj-42	254	23	of	of	ADP
emaj-42	254	24	origin	origin	NOUN
emaj-42	254	25	.	.	PUNCT
emaj-42	255	1	(	(	PUNCT
emaj-42	255	2	path	path	NOUN
emaj-42	255	3	coefficient	coefficient	NOUN
emaj-42	255	4	=	=	PROPN
emaj-42	255	5	0.564	0.564	NUM
emaj-42	255	6	and	and	CCONJ
emaj-42	255	7	contribution	contribution	NOUN
emaj-42	255	8	to	to	PART
emaj-42	255	9	r²	r²	VERB
emaj-42	255	10	higher	high	ADJ
emaj-42	255	11	than	than	ADP
emaj-42	255	12	55	55	NUM
emaj-42	255	13	%	%	NOUN
emaj-42	255	14	)	)	PUNCT
emaj-42	255	15	.	.	PUNCT
emaj-42	256	1	this	this	PRON
emaj-42	256	2	mean	mean	VERB
emaj-42	256	3	that	that	SCONJ
emaj-42	256	4	changes	change	VERB
emaj-42	256	5	in	in	ADP
emaj-42	256	6	aggregate	aggregate	ADJ
emaj-42	256	7	claims	claim	NOUN
emaj-42	256	8	on	on	ADP
emaj-42	256	9	home	home	NOUN
emaj-42	256	10	countries	country	NOUN
emaj-42	256	11	explain	explain	VERB
emaj-42	256	12	a	a	DET
emaj-42	256	13	significant	significant	ADJ
emaj-42	256	14	share	share	NOUN
emaj-42	256	15	of	of	ADP
emaj-42	256	16	the	the	DET
emaj-42	256	17	variance	variance	NOUN
emaj-42	256	18	in	in	ADP
emaj-42	256	19	the	the	DET
emaj-42	256	20	dependent	dependent	ADJ
emaj-42	256	21	variable	variable	ADJ
emaj-42	256	22	country	country	NOUN
emaj-42	256	23	of	of	ADP
emaj-42	256	24	origin	origin	NOUN
emaj-42	256	25	.	.	PUNCT
emaj-42	257	1	dr	dr	PROPN
emaj-42	257	2	.	.	PROPN
emaj-42	257	3	mehdi	mehdi	PROPN
emaj-42	257	4	mili	mili	PROPN
emaj-42	257	5	,	,	PUNCT
emaj-42	257	6	prof	prof	PROPN
emaj-42	257	7	.	.	PUNCT
emaj-42	257	8	jean	jean	PROPN
emaj-42	257	9	-	-	PUNCT
emaj-42	257	10	michel	michel	PROPN
emaj-42	257	11	sahut	sahut	VERB
emaj-42	257	12	p	p	PRON
emaj-42	257	13	a	a	DET
emaj-42	257	14	g	g	NOUN
emaj-42	257	15	e	e	NOUN
emaj-42	257	16	|	|	ADV
emaj-42	257	17	40|	40|	NUM
emaj-42	257	18	emerging	emerge	VERB
emaj-42	257	19	markets	market	NOUN
emaj-42	257	20	journal	journal	NOUN
emaj-42	257	21	volume	volume	NOUN
emaj-42	257	22	3	3	NUM
emaj-42	257	23	no	no	DET
emaj-42	257	24	2	2	NUM
emaj-42	257	25	(	(	PUNCT
emaj-42	257	26	2013	2013	NUM
emaj-42	257	27	)	)	PUNCT
emaj-42	257	28	|	|	ADV
emaj-42	257	29	issn	issn	VERB
emaj-42	257	30	2158	2158	NUM
emaj-42	257	31	-	-	SYM
emaj-42	257	32	8708	8708	NUM
emaj-42	257	33	(	(	PUNCT
emaj-42	257	34	online	online	NOUN
emaj-42	257	35	)	)	PUNCT
emaj-42	257	36	|	|	ADV
emaj-42	257	37	10.5195	10.5195	NUM
emaj-42	257	38	/	/	SYM
emaj-42	257	39	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	257	40	|	|	ADV
emaj-42	257	41	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-42	257	42	table	table	NOUN
emaj-42	257	43	6	6	NUM
emaj-42	257	44	.	.	PUNCT
emaj-42	257	45	impact	impact	NOUN
emaj-42	257	46	and	and	CCONJ
emaj-42	257	47	contribution	contribution	NOUN
emaj-42	257	48	of	of	ADP
emaj-42	257	49	exogenous	exogenous	ADJ
emaj-42	257	50	latent	latent	NOUN
emaj-42	257	51	variables	variable	NOUN
emaj-42	257	52	on	on	ADP
emaj-42	257	53	the	the	DET
emaj-42	257	54	table	table	NOUN
emaj-42	257	55	table	table	NOUN
emaj-42	257	56	7	7	NUM
emaj-42	257	57	.	.	X
emaj-42	257	58	goodness	goodness	NOUN
emaj-42	257	59	of	of	ADP
emaj-42	257	60	fit	fit	ADJ
emaj-42	257	61	index	index	NOUN
emaj-42	257	62	for	for	ADP
emaj-42	257	63	the	the	DET
emaj-42	257	64	structural	structural	ADJ
emaj-42	257	65	model	model	NOUN
emaj-42	257	66	endogenous	endogenous	ADJ
emaj-42	257	67	δloans	δloan	NOUN
emaj-42	257	68	the	the	DET
emaj-42	257	69	variable	variable	ADJ
emaj-42	257	70	gdp	gdp	NOUN
emaj-42	257	71	is	be	AUX
emaj-42	257	72	the	the	DET
emaj-42	257	73	most	most	ADV
emaj-42	257	74	important	important	ADJ
emaj-42	257	75	variable	variable	NOUN
emaj-42	257	76	among	among	ADP
emaj-42	257	77	the	the	DET
emaj-42	257	78	macroeconomic	macroeconomic	ADJ
emaj-42	257	79	variables	variable	NOUN
emaj-42	257	80	of	of	ADP
emaj-42	257	81	the	the	DET
emaj-42	257	82	country	country	NOUN
emaj-42	257	83	of	of	ADP
emaj-42	257	84	origin	origin	NOUN
emaj-42	257	85	which	which	PRON
emaj-42	257	86	is	be	AUX
emaj-42	257	87	the	the	DET
emaj-42	257	88	most	most	ADV
emaj-42	257	89	relevant	relevant	ADJ
emaj-42	257	90	group	group	NOUN
emaj-42	257	91	affecting	affect	VERB
emaj-42	257	92	credit	credit	NOUN
emaj-42	257	93	growth	growth	NOUN
emaj-42	257	94	of	of	ADP
emaj-42	257	95	subsidiaries	subsidiary	NOUN
emaj-42	257	96	.	.	PUNCT
emaj-42	258	1	this	this	PRON
emaj-42	258	2	confirms	confirm	VERB
emaj-42	258	3	that	that	SCONJ
emaj-42	258	4	the	the	DET
emaj-42	258	5	transmission	transmission	NOUN
emaj-42	258	6	of	of	ADP
emaj-42	258	7	liquidity	liquidity	NOUN
emaj-42	258	8	shocks	shock	NOUN
emaj-42	258	9	’	'	PUNCT
emaj-42	258	10	across	across	ADP
emaj-42	258	11	countries	country	NOUN
emaj-42	258	12	is	be	AUX
emaj-42	258	13	intensified	intensify	VERB
emaj-42	258	14	by	by	ADP
emaj-42	258	15	the	the	DET
emaj-42	258	16	foreign	foreign	ADJ
emaj-42	258	17	subsidiaries	subsidiary	NOUN
emaj-42	258	18	in	in	ADP
emaj-42	258	19	emerging	emerge	VERB
emaj-42	258	20	countries	country	NOUN
emaj-42	258	21	.	.	PUNCT
emaj-42	259	1	this	this	DET
emaj-42	259	2	result	result	NOUN
emaj-42	259	3	contradict	contradict	VERB
emaj-42	259	4	those	those	PRON
emaj-42	259	5	of	of	ADP
emaj-42	259	6	classens	classen	NOUN
emaj-42	259	7	and	and	CCONJ
emaj-42	259	8	horen	horen	NOUN
emaj-42	259	9	(	(	PUNCT
emaj-42	259	10	2009	2009	NUM
emaj-42	259	11	)	)	PUNCT
emaj-42	259	12	,	,	PUNCT
emaj-42	259	13	who	who	PRON
emaj-42	259	14	document	document	VERB
emaj-42	259	15	that	that	SCONJ
emaj-42	259	16	the	the	DET
emaj-42	259	17	income	income	NOUN
emaj-42	259	18	level	level	NOUN
emaj-42	259	19	of	of	ADP
emaj-42	259	20	the	the	DET
emaj-42	259	21	home	home	NOUN
emaj-42	259	22	country	country	NOUN
emaj-42	259	23	does	do	AUX
emaj-42	259	24	not	not	PART
emaj-42	259	25	significantly	significantly	ADV
emaj-42	259	26	affect	affect	VERB
emaj-42	259	27	the	the	DET
emaj-42	259	28	supply	supply	NOUN
emaj-42	259	29	of	of	ADP
emaj-42	259	30	loans	loan	NOUN
emaj-42	259	31	of	of	ADP
emaj-42	259	32	conventional	conventional	ADJ
emaj-42	259	33	subsidiaries	subsidiary	NOUN
emaj-42	259	34	banks	bank	NOUN
emaj-42	259	35	.	.	PUNCT
emaj-42	260	1	from	from	ADP
emaj-42	260	2	table	table	NOUN
emaj-42	260	3	3	3	NUM
emaj-42	260	4	and	and	CCONJ
emaj-42	260	5	6	6	NUM
emaj-42	260	6	,	,	PUNCT
emaj-42	260	7	the	the	DET
emaj-42	260	8	manifest	manif	ADJ
emaj-42	260	9	variable	variable	ADJ
emaj-42	260	10	exchange	exchange	NOUN
emaj-42	260	11	rate	rate	NOUN
emaj-42	260	12	also	also	ADV
emaj-42	260	13	matter	matter	VERB
emaj-42	260	14	for	for	ADP
emaj-42	260	15	the	the	DET
emaj-42	260	16	construct	construct	NOUN
emaj-42	260	17	subsidiaries	subsidiary	NOUN
emaj-42	260	18	fundamentals	fundamental	NOUN
emaj-42	260	19	but	but	CCONJ
emaj-42	260	20	at	at	ADP
emaj-42	260	21	lower	low	ADJ
emaj-42	260	22	degrees	degree	NOUN
emaj-42	260	23	.	.	PUNCT
emaj-42	261	1	this	this	PRON
emaj-42	261	2	corroborates	corroborate	VERB
emaj-42	261	3	the	the	DET
emaj-42	261	4	results	result	NOUN
emaj-42	261	5	of	of	ADP
emaj-42	261	6	cook	cook	NOUN
emaj-42	261	7	and	and	CCONJ
emaj-42	261	8	devereux	devereux	PROPN
emaj-42	261	9	(	(	PUNCT
emaj-42	261	10	2011	2011	NUM
emaj-42	261	11	)	)	PUNCT
emaj-42	261	12	who	who	PRON
emaj-42	261	13	argue	argue	VERB
emaj-42	261	14	that	that	SCONJ
emaj-42	261	15	the	the	DET
emaj-42	261	16	exchange	exchange	NOUN
emaj-42	261	17	rate	rate	NOUN
emaj-42	261	18	exacerbates	exacerbate	VERB
emaj-42	261	19	the	the	DET
emaj-42	261	20	impact	impact	NOUN
emaj-42	261	21	of	of	ADP
emaj-42	261	22	shocks	shock	NOUN
emaj-42	261	23	in	in	ADP
emaj-42	261	24	a	a	DET
emaj-42	261	25	liquidity	liquidity	NOUN
emaj-42	261	26	trap	trap	NOUN
emaj-42	261	27	for	for	ADP
emaj-42	261	28	conventional	conventional	ADJ
emaj-42	261	29	banks	bank	NOUN
emaj-42	261	30	that	that	PRON
emaj-42	261	31	are	be	AUX
emaj-42	261	32	increasingly	increasingly	ADV
emaj-42	261	33	affected	affect	VERB
emaj-42	261	34	by	by	ADP
emaj-42	261	35	a	a	DET
emaj-42	261	36	systemic	systemic	ADJ
emaj-42	261	37	risk	risk	NOUN
emaj-42	261	38	with	with	ADP
emaj-42	261	39	the	the	DET
emaj-42	261	40	opening	opening	NOUN
emaj-42	261	41	of	of	ADP
emaj-42	261	42	capital	capital	NOUN
emaj-42	261	43	markets	market	NOUN
emaj-42	261	44	.	.	PUNCT
emaj-42	262	1	parent	parent	NOUN
emaj-42	262	2	banks	bank	NOUN
emaj-42	262	3	’	'	PUNCT
emaj-42	262	4	fundamental	fundamental	ADJ
emaj-42	262	5	seems	seem	VERB
emaj-42	262	6	to	to	PART
emaj-42	262	7	be	be	AUX
emaj-42	262	8	crucial	crucial	ADJ
emaj-42	262	9	in	in	ADP
emaj-42	262	10	establishing	establish	VERB
emaj-42	262	11	the	the	DET
emaj-42	262	12	potency	potency	NOUN
emaj-42	262	13	of	of	ADP
emaj-42	262	14	the	the	DET
emaj-42	262	15	bank	bank	NOUN
emaj-42	262	16	lending	lending	NOUN
emaj-42	262	17	channel	channel	NOUN
emaj-42	262	18	since	since	SCONJ
emaj-42	262	19	loan	loan	NOUN
emaj-42	262	20	growth	growth	NOUN
emaj-42	262	21	is	be	AUX
emaj-42	262	22	significantly	significantly	ADV
emaj-42	262	23	related	relate	VERB
emaj-42	262	24	to	to	ADP
emaj-42	262	25	specific	specific	ADJ
emaj-42	262	26	variables	variable	NOUN
emaj-42	262	27	of	of	ADP
emaj-42	262	28	parent	parent	NOUN
emaj-42	262	29	bank	bank	NOUN
emaj-42	262	30	.	.	PUNCT
emaj-42	263	1	especially	especially	ADV
emaj-42	263	2	bank	bank	NOUN
emaj-42	263	3	capitalization	capitalization	NOUN
emaj-42	263	4	of	of	ADP
emaj-42	263	5	the	the	DET
emaj-42	263	6	parent	parent	NOUN
emaj-42	263	7	bank	bank	NOUN
emaj-42	263	8	positively	positively	ADV
emaj-42	263	9	affects	affect	VERB
emaj-42	263	10	credit	credit	NOUN
emaj-42	263	11	growth	growth	NOUN
emaj-42	263	12	of	of	ADP
emaj-42	263	13	the	the	DET
emaj-42	263	14	subsidiary	subsidiary	NOUN
emaj-42	263	15	while	while	SCONJ
emaj-42	263	16	loan	loan	NOUN
emaj-42	263	17	loss	loss	NOUN
emaj-42	263	18	provision	provision	NOUN
emaj-42	263	19	has	have	VERB
emaj-42	263	20	a	a	DET
emaj-42	263	21	negative	negative	ADJ
emaj-42	263	22	effect	effect	NOUN
emaj-42	263	23	on	on	ADP
emaj-42	263	24	the	the	DET
emaj-42	263	25	latent	latent	NOUN
emaj-42	263	26	construct	construct	VERB
emaj-42	263	27	parent	parent	NOUN
emaj-42	263	28	fundamentals	fundamental	NOUN
emaj-42	263	29	,	,	PUNCT
emaj-42	263	30	which	which	PRON
emaj-42	263	31	allows	allow	VERB
emaj-42	263	32	us	we	PRON
emaj-42	263	33	to	to	PART
emaj-42	263	34	deduce	deduce	VERB
emaj-42	263	35	that	that	SCONJ
emaj-42	263	36	the	the	DET
emaj-42	263	37	financial	financial	ADJ
emaj-42	263	38	situation	situation	NOUN
emaj-42	263	39	of	of	ADP
emaj-42	263	40	parent	parent	NOUN
emaj-42	263	41	bank	bank	NOUN
emaj-42	263	42	reduces	reduce	VERB
emaj-42	263	43	loans	loan	NOUN
emaj-42	263	44	of	of	ADP
emaj-42	263	45	subsidiary	subsidiary	NOUN
emaj-42	263	46	in	in	ADP
emaj-42	263	47	the	the	DET
emaj-42	263	48	emerging	emerge	VERB
emaj-42	263	49	countries	country	NOUN
emaj-42	263	50	.	.	PUNCT
emaj-42	264	1	the	the	DET
emaj-42	264	2	combination	combination	NOUN
emaj-42	264	3	of	of	ADP
emaj-42	264	4	the	the	DET
emaj-42	264	5	two	two	NUM
emaj-42	264	6	results	result	NOUN
emaj-42	264	7	that	that	SCONJ
emaj-42	264	8	credit	credit	NOUN
emaj-42	264	9	growth	growth	NOUN
emaj-42	264	10	of	of	ADP
emaj-42	264	11	subsidiaries	subsidiary	NOUN
emaj-42	264	12	depends	depend	VERB
emaj-42	264	13	on	on	ADP
emaj-42	264	14	the	the	DET
emaj-42	264	15	overall	overall	ADJ
emaj-42	264	16	strategy	strategy	NOUN
emaj-42	264	17	of	of	ADP
emaj-42	264	18	the	the	DET
emaj-42	264	19	parent	parent	NOUN
emaj-42	264	20	bank	bank	NOUN
emaj-42	264	21	and	and	CCONJ
emaj-42	264	22	the	the	DET
emaj-42	264	23	fact	fact	NOUN
emaj-42	264	24	that	that	SCONJ
emaj-42	264	25	it	it	PRON
emaj-42	264	26	also	also	ADV
emaj-42	264	27	depends	depend	VERB
emaj-42	264	28	on	on	ADP
emaj-42	264	29	the	the	DET
emaj-42	264	30	macroeconomic	macroeconomic	ADJ
emaj-42	264	31	conditions	condition	NOUN
emaj-42	264	32	of	of	ADP
emaj-42	264	33	the	the	DET
emaj-42	264	34	country	country	NOUN
emaj-42	264	35	allow	allow	VERB
emaj-42	264	36	as	as	ADP
emaj-42	264	37	deducing	deduce	VERB
emaj-42	264	38	that	that	SCONJ
emaj-42	264	39	credit	credit	NOUN
emaj-42	264	40	supply	supply	NOUN
emaj-42	264	41	in	in	ADP
emaj-42	264	42	emerging	emerge	VERB
emaj-42	264	43	markets	market	NOUN
emaj-42	264	44	may	may	AUX
emaj-42	264	45	contract	contract	VERB
emaj-42	264	46	due	due	ADP
emaj-42	264	47	to	to	ADP
emaj-42	264	48	economic	economic	ADJ
emaj-42	264	49	downturn	downturn	NOUN
emaj-42	264	50	in	in	ADP
emaj-42	264	51	developed	develop	VERB
emaj-42	264	52	countries	country	NOUN
emaj-42	264	53	.	.	PUNCT
emaj-42	265	1	accordingly	accordingly	ADV
emaj-42	265	2	,	,	PUNCT
emaj-42	265	3	the	the	DET
emaj-42	265	4	foreign	foreign	ADJ
emaj-42	265	5	subsidiaries	subsidiary	NOUN
emaj-42	265	6	will	will	AUX
emaj-42	265	7	result	result	VERB
emaj-42	265	8	in	in	ADP
emaj-42	265	9	a	a	DET
emaj-42	265	10	destabilizing	destabilizing	ADJ
emaj-42	265	11	role	role	NOUN
emaj-42	265	12	in	in	ADP
emaj-42	265	13	the	the	DET
emaj-42	265	14	emerging	emerge	VERB
emaj-42	265	15	country	country	NOUN
emaj-42	265	16	.	.	PUNCT
emaj-42	266	1	these	these	DET
emaj-42	266	2	findings	finding	NOUN
emaj-42	266	3	evidence	evidence	VERB
emaj-42	266	4	the	the	DET
emaj-42	266	5	theoretical	theoretical	ADJ
emaj-42	266	6	mechanisms	mechanism	NOUN
emaj-42	266	7	of	of	ADP
emaj-42	266	8	the	the	DET
emaj-42	266	9	relationship	relationship	NOUN
emaj-42	266	10	between	between	ADP
emaj-42	266	11	foreign	foreign	ADJ
emaj-42	266	12	banks	bank	NOUN
emaj-42	266	13	and	and	CCONJ
emaj-42	266	14	economic	economic	ADJ
emaj-42	266	15	stability	stability	NOUN
emaj-42	266	16	of	of	ADP
emaj-42	266	17	the	the	DET
emaj-42	266	18	host	host	NOUN
emaj-42	266	19	country	country	NOUN
emaj-42	266	20	who	who	PRON
emaj-42	266	21	argue	argue	VERB
emaj-42	266	22	that	that	SCONJ
emaj-42	266	23	subsidiaries	subsidiary	NOUN
emaj-42	266	24	of	of	ADP
emaj-42	266	25	foreign	foreign	ADJ
emaj-42	266	26	banks	bank	NOUN
emaj-42	266	27	depend	depend	VERB
emaj-42	266	28	heavily	heavily	ADV
emaj-42	266	29	on	on	ADP
emaj-42	266	30	the	the	DET
emaj-42	266	31	decision	decision	NOUN
emaj-42	266	32	of	of	ADP
emaj-42	266	33	their	their	PRON
emaj-42	266	34	parent	parent	NOUN
emaj-42	266	35	banks	bank	NOUN
emaj-42	266	36	with	with	ADP
emaj-42	266	37	a	a	DET
emaj-42	266	38	globally	globally	ADV
emaj-42	266	39	diversified	diversify	VERB
emaj-42	266	40	portfolio	portfolio	NOUN
emaj-42	266	41	of	of	ADP
emaj-42	266	42	assets	asset	NOUN
emaj-42	266	43	.	.	PUNCT
emaj-42	267	1	indeed	indeed	ADV
emaj-42	267	2	,	,	PUNCT
emaj-42	267	3	in	in	ADP
emaj-42	267	4	line	line	NOUN
emaj-42	267	5	with	with	ADP
emaj-42	267	6	the	the	DET
emaj-42	267	7	results	result	NOUN
emaj-42	267	8	of	of	ADP
emaj-42	267	9	stein	stein	PROPN
emaj-42	267	10	(	(	PUNCT
emaj-42	267	11	1997	1997	NUM
emaj-42	267	12	)	)	PUNCT
emaj-42	267	13	,	,	PUNCT
emaj-42	267	14	parent	parent	NOUN
emaj-42	267	15	banks	bank	NOUN
emaj-42	267	16	can	can	AUX
emaj-42	267	17	play	play	VERB
emaj-42	267	18	the	the	DET
emaj-42	267	19	role	role	NOUN
emaj-42	267	20	of	of	ADP
emaj-42	267	21	lender	lender	NOUN
emaj-42	267	22	of	of	ADP
emaj-42	267	23	last	last	ADJ
emaj-42	267	24	resort	resort	NOUN
emaj-42	267	25	in	in	ADP
emaj-42	267	26	times	time	NOUN
emaj-42	267	27	of	of	ADP
emaj-42	267	28	crisis	crisis	NOUN
emaj-42	267	29	.	.	PUNCT
emaj-42	268	1	it	it	PRON
emaj-42	268	2	can	can	AUX
emaj-42	268	3	also	also	ADV
emaj-42	268	4	manage	manage	VERB
emaj-42	268	5	an	an	DET
emaj-42	268	6	internal	internal	ADJ
emaj-42	268	7	capital	capital	NOUN
emaj-42	268	8	market	market	NOUN
emaj-42	268	9	operations	operation	NOUN
emaj-42	268	10	and	and	CCONJ
emaj-42	268	11	centralized	centralize	VERB
emaj-42	268	12	allocate	allocate	ADJ
emaj-42	268	13	capital	capital	NOUN
emaj-42	268	14	and	and	CCONJ
emaj-42	268	15	liquidity	liquidity	NOUN
emaj-42	268	16	of	of	ADP
emaj-42	268	17	its	its	PRON
emaj-42	268	18	subsidiaries	subsidiary	NOUN
emaj-42	268	19	.	.	PUNCT
emaj-42	269	1	this	this	PRON
emaj-42	269	2	helps	help	VERB
emaj-42	269	3	to	to	PART
emaj-42	269	4	stabilize	stabilize	VERB
emaj-42	269	5	the	the	DET
emaj-42	269	6	supply	supply	NOUN
emaj-42	269	7	of	of	ADP
emaj-42	269	8	credit	credit	NOUN
emaj-42	269	9	by	by	ADP
emaj-42	269	10	foreign	foreign	ADJ
emaj-42	269	11	banks	bank	NOUN
emaj-42	269	12	in	in	ADP
emaj-42	269	13	the	the	DET
emaj-42	269	14	host	host	NOUN
emaj-42	269	15	country	country	NOUN
emaj-42	269	16	when	when	SCONJ
emaj-42	269	17	foreign	foreign	ADJ
emaj-42	269	18	branches	branch	NOUN
emaj-42	269	19	are	be	AUX
emaj-42	269	20	facing	face	VERB
emaj-42	269	21	financial	financial	ADJ
emaj-42	269	22	shocks	shock	NOUN
emaj-42	269	23	.	.	PUNCT
emaj-42	270	1	subsidiaries	subsidiary	NOUN
emaj-42	270	2	of	of	ADP
emaj-42	270	3	foreign	foreign	ADJ
emaj-42	270	4	banks	bank	NOUN
emaj-42	270	5	may	may	AUX
emaj-42	270	6	be	be	AUX
emaj-42	270	7	able	able	ADJ
emaj-42	270	8	to	to	PART
emaj-42	270	9	recover	recover	VERB
emaj-42	270	10	macro	macro	ADJ
emaj-42	270	11	parent	parent	NOUN
emaj-42	270	12	parent	parent	NOUN
emaj-42	270	13	specific	specific	PROPN
emaj-42	270	14	macro	macro	ADJ
emaj-42	270	15	subsidiar	subsidiar	NOUN
emaj-42	270	16	ies	ies	PROPN
emaj-42	270	17	subsidiar	subsidiar	PROPN
emaj-42	270	18	ies	ies	PROPN
emaj-42	270	19	specific	specific	ADJ
emaj-42	270	20	corrélati	corrélati	NOUN
emaj-42	270	21	on	on	ADP
emaj-42	270	22	0,161	0,161	NUM
emaj-42	270	23	0,001	0,001	NUM
emaj-42	270	24	0,005	0,005	NUM
emaj-42	270	25	0,043	0,043	NUM
emaj-42	270	26	path	path	NOUN
emaj-42	270	27	coefficie	coefficie	PROPN
emaj-42	270	28	nt	not	PART
emaj-42	270	29	0,564	0,564	NUM
emaj-42	270	30	0,262	0,262	NUM
emaj-42	270	31	0,129	0,129	NUM
emaj-42	270	32	0,231	0,231	NUM
emaj-42	270	33	t	t	PROPN
emaj-42	270	34	-	-	PUNCT
emaj-42	270	35	statistic	statistic	NOUN
emaj-42	270	36	3,140	3,140	NUM
emaj-42	270	37	0,245	0,245	NUM
emaj-42	270	38	0,562	0,562	NUM
emaj-42	270	39	0,645	0,645	NUM
emaj-42	270	40	contribu	contribu	ADJ
emaj-42	270	41	tion	tion	NOUN
emaj-42	270	42	au	au	ADP
emaj-42	270	43	r²	r²	NOUN
emaj-42	270	44	(	(	PUNCT
emaj-42	270	45	%	%	INTJ
emaj-42	270	46	)	)	PUNCT
emaj-42	270	47	55,529	55,529	NUM
emaj-42	271	1	6,81	6,81	NUM
emaj-42	271	2	9,309	9,309	NUM
emaj-42	271	3	28,352	28,352	NUM
emaj-42	271	4	r²	r²	NOUN
emaj-42	271	5	r²(bootstrap	r²(bootstrap	NOUN
emaj-42	271	6	)	)	PUNCT
emaj-42	271	7	ecarttype	ecarttype	NOUN
emaj-42	271	8	borne	bear	VERB
emaj-42	271	9	inférieure	inférieure	NOUN
emaj-42	271	10	(	(	PUNCT
emaj-42	271	11	95	95	NUM
emaj-42	271	12	%	%	NOUN
emaj-42	271	13	)	)	PUNCT
emaj-42	271	14	borne	bear	VERB
emaj-42	271	15	supérieure	supérieure	NOUN
emaj-42	271	16	(	(	PUNCT
emaj-42	271	17	95	95	NUM
emaj-42	271	18	%	%	NOUN
emaj-42	271	19	)	)	PUNCT
emaj-42	271	20	0,524	0,524	NOUN
emaj-42	272	1	0,527	0,527	NUM
emaj-42	272	2	0,034	0,034	NUM
emaj-42	272	3	0,518	0,518	NUM
emaj-42	272	4	0,557	0,557	NUM
emaj-42	272	5	determinants	determinant	NOUN
emaj-42	272	6	of	of	ADP
emaj-42	272	7	loans	loan	NOUN
emaj-42	272	8	and	and	CCONJ
emaj-42	272	9	deposits	deposit	NOUN
emaj-42	272	10	strategies	strategy	NOUN
emaj-42	272	11	of	of	ADP
emaj-42	272	12	foreign	foreign	ADJ
emaj-42	272	13	bank	bank	NOUN
emaj-42	272	14	subsidiaries	subsidiary	NOUN
emaj-42	272	15	in	in	ADP
emaj-42	272	16	emerging	emerge	VERB
emaj-42	272	17	countries	country	NOUN
emaj-42	272	18	emerging	emerge	VERB
emaj-42	272	19	markets	market	NOUN
emaj-42	272	20	journal	journal	NOUN
emaj-42	272	21	|	|	ADV
emaj-42	272	22	p	p	NOUN
emaj-42	272	23	a	a	DET
emaj-42	272	24	g	g	NOUN
emaj-42	272	25	e	e	NOUN
emaj-42	272	26	|41	|41	NOUN
emaj-42	272	27	volume	volume	NOUN
emaj-42	272	28	3	3	NUM
emaj-42	272	29	no	no	DET
emaj-42	272	30	2	2	NUM
emaj-42	272	31	(	(	PUNCT
emaj-42	272	32	2013	2013	NUM
emaj-42	272	33	)	)	PUNCT
emaj-42	272	34	|	|	ADV
emaj-42	272	35	issn	issn	VERB
emaj-42	272	36	2158	2158	NUM
emaj-42	272	37	-	-	SYM
emaj-42	272	38	8708	8708	NUM
emaj-42	272	39	(	(	PUNCT
emaj-42	272	40	online	online	NOUN
emaj-42	272	41	)	)	PUNCT
emaj-42	272	42	|	|	ADV
emaj-42	272	43	10.5195	10.5195	NUM
emaj-42	272	44	/	/	SYM
emaj-42	272	45	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	272	46	|	|	ADV
emaj-42	272	47	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	272	48	relatively	relatively	ADV
emaj-42	272	49	quickly	quickly	ADV
emaj-42	272	50	,	,	PUNCT
emaj-42	272	51	compared	compare	VERB
emaj-42	272	52	to	to	ADP
emaj-42	272	53	domestic	domestic	ADJ
emaj-42	272	54	banks	bank	NOUN
emaj-42	272	55	.	.	PUNCT
emaj-42	273	1	the	the	DET
emaj-42	273	2	fact	fact	NOUN
emaj-42	273	3	that	that	SCONJ
emaj-42	273	4	macro	macro	ADJ
emaj-42	273	5	-	-	ADJ
emaj-42	273	6	economic	economic	ADJ
emaj-42	273	7	conditions	condition	NOUN
emaj-42	273	8	of	of	ADP
emaj-42	273	9	the	the	DET
emaj-42	273	10	host	host	NOUN
emaj-42	273	11	country	country	NOUN
emaj-42	273	12	does	do	AUX
emaj-42	273	13	n’t	not	PART
emaj-42	273	14	affect	affect	VERB
emaj-42	273	15	significantly	significantly	ADV
emaj-42	273	16	credit	credit	NOUN
emaj-42	273	17	supply	supply	NOUN
emaj-42	273	18	of	of	ADP
emaj-42	273	19	subsidiaries	subsidiary	NOUN
emaj-42	273	20	shows	show	VERB
emaj-42	273	21	that	that	SCONJ
emaj-42	273	22	in	in	ADP
emaj-42	273	23	period	period	NOUN
emaj-42	273	24	of	of	ADP
emaj-42	273	25	crisis	crisis	NOUN
emaj-42	273	26	in	in	ADP
emaj-42	273	27	home	home	NOUN
emaj-42	273	28	country	country	NOUN
emaj-42	273	29	,	,	PUNCT
emaj-42	273	30	parent	parent	NOUN
emaj-42	273	31	bank	bank	NOUN
emaj-42	273	32	can	can	AUX
emaj-42	273	33	supports	support	VERB
emaj-42	273	34	its	its	PRON
emaj-42	273	35	subsidiary	subsidiary	NOUN
emaj-42	273	36	by	by	ADP
emaj-42	273	37	providing	provide	VERB
emaj-42	273	38	necessary	necessary	ADJ
emaj-42	273	39	liquidity	liquidity	NOUN
emaj-42	273	40	.	.	PUNCT
emaj-42	274	1	in	in	ADP
emaj-42	274	2	this	this	DET
emaj-42	274	3	case	case	NOUN
emaj-42	274	4	the	the	DET
emaj-42	274	5	subsidiary	subsidiary	NOUN
emaj-42	274	6	may	may	AUX
emaj-42	274	7	play	play	VERB
emaj-42	274	8	the	the	DET
emaj-42	274	9	role	role	NOUN
emaj-42	274	10	of	of	ADP
emaj-42	274	11	stabilizer	stabilizer	NOUN
emaj-42	274	12	in	in	ADP
emaj-42	274	13	the	the	DET
emaj-42	274	14	host	host	NOUN
emaj-42	274	15	country	country	NOUN
emaj-42	274	16	.	.	PUNCT
emaj-42	275	1	foreign	foreign	ADJ
emaj-42	275	2	subsidiaries	subsidiary	NOUN
emaj-42	275	3	and	and	CCONJ
emaj-42	275	4	market	market	NOUN
emaj-42	275	5	’s	’s	PART
emaj-42	275	6	discipline	discipline	NOUN
emaj-42	275	7	to	to	PART
emaj-42	275	8	examine	examine	VERB
emaj-42	275	9	the	the	DET
emaj-42	275	10	existence	existence	NOUN
emaj-42	275	11	of	of	ADP
emaj-42	275	12	market	market	NOUN
emaj-42	275	13	discipline	discipline	NOUN
emaj-42	275	14	on	on	ADP
emaj-42	275	15	subsidiaries	subsidiary	NOUN
emaj-42	275	16	in	in	ADP
emaj-42	275	17	emerging	emerge	VERB
emaj-42	275	18	markets	market	NOUN
emaj-42	275	19	,	,	PUNCT
emaj-42	275	20	we	we	PRON
emaj-42	275	21	use	use	VERB
emaj-42	275	22	the	the	DET
emaj-42	275	23	same	same	ADJ
emaj-42	275	24	set	set	NOUN
emaj-42	275	25	of	of	ADP
emaj-42	275	26	variables	variable	NOUN
emaj-42	275	27	employed	employ	VERB
emaj-42	275	28	in	in	ADP
emaj-42	275	29	the	the	DET
emaj-42	275	30	previous	previous	ADJ
emaj-42	275	31	section	section	NOUN
emaj-42	275	32	.	.	PUNCT
emaj-42	276	1	we	we	PRON
emaj-42	276	2	measure	measure	VERB
emaj-42	276	3	market	market	NOUN
emaj-42	276	4	discipline	discipline	NOUN
emaj-42	276	5	by	by	ADP
emaj-42	276	6	the	the	DET
emaj-42	276	7	manifest	manif	ADJ
emaj-42	276	8	variable	variable	NOUN
emaj-42	276	9	;	;	PUNCT
emaj-42	276	10	δdeposits	δdeposit	NOUN
emaj-42	276	11	.	.	PUNCT
emaj-42	277	1	the	the	DET
emaj-42	277	2	market	market	NOUN
emaj-42	277	3	must	must	AUX
emaj-42	277	4	have	have	VERB
emaj-42	277	5	the	the	DET
emaj-42	277	6	power	power	NOUN
emaj-42	277	7	to	to	PART
emaj-42	277	8	restore	restore	VERB
emaj-42	277	9	stability	stability	NOUN
emaj-42	277	10	to	to	ADP
emaj-42	277	11	the	the	DET
emaj-42	277	12	banking	banking	NOUN
emaj-42	277	13	system	system	NOUN
emaj-42	277	14	through	through	ADP
emaj-42	277	15	the	the	DET
emaj-42	277	16	behavior	behavior	NOUN
emaj-42	277	17	of	of	ADP
emaj-42	277	18	depositors	depositor	NOUN
emaj-42	277	19	against	against	ADP
emaj-42	277	20	the	the	DET
emaj-42	277	21	risk	risk	NOUN
emaj-42	277	22	that	that	SCONJ
emaj-42	277	23	outstanding	outstanding	ADJ
emaj-42	277	24	.	.	PUNCT
emaj-42	278	1	the	the	DET
emaj-42	278	2	reaction	reaction	NOUN
emaj-42	278	3	of	of	ADP
emaj-42	278	4	depositors	depositor	NOUN
emaj-42	278	5	results	result	VERB
emaj-42	278	6	in	in	ADP
emaj-42	278	7	an	an	DET
emaj-42	278	8	effect	effect	NOUN
emaj-42	278	9	on	on	ADP
emaj-42	278	10	deposits	deposit	NOUN
emaj-42	278	11	of	of	ADP
emaj-42	278	12	subsidiaries	subsidiary	NOUN
emaj-42	278	13	.	.	PUNCT
emaj-42	279	1	figure	figure	VERB
emaj-42	279	2	33	33	NUM
emaj-42	279	3	shows	show	VERB
emaj-42	279	4	general	general	ADJ
emaj-42	279	5	results	result	NOUN
emaj-42	279	6	of	of	ADP
emaj-42	279	7	structural	structural	ADJ
emaj-42	279	8	model	model	NOUN
emaj-42	279	9	with	with	ADP
emaj-42	279	10	δdeposit	δdeposit	NOUN
emaj-42	279	11	as	as	ADP
emaj-42	279	12	endogenous	endogenous	ADJ
emaj-42	279	13	variable	variable	NOUN
emaj-42	279	14	.	.	PUNCT
emaj-42	280	1	it	it	PRON
emaj-42	280	2	’s	’s	AUX
emaj-42	280	3	shown	show	VERB
emaj-42	280	4	that	that	SCONJ
emaj-42	280	5	market	market	NOUN
emaj-42	280	6	discipline	discipline	NOUN
emaj-42	280	7	is	be	AUX
emaj-42	280	8	strongly	strongly	ADV
emaj-42	280	9	affected	affect	VERB
emaj-42	280	10	by	by	ADP
emaj-42	280	11	the	the	DET
emaj-42	280	12	specific	specific	ADJ
emaj-42	280	13	characteristics	characteristic	NOUN
emaj-42	280	14	of	of	ADP
emaj-42	280	15	the	the	DET
emaj-42	280	16	subsidiary	subsidiary	NOUN
emaj-42	280	17	(	(	PUNCT
emaj-42	280	18	path	path	NOUN
emaj-42	280	19	coef	coef	PROPN
emaj-42	280	20	=	=	PROPN
emaj-42	280	21	0.579	0.579	NUM
emaj-42	280	22	)	)	PUNCT
emaj-42	280	23	.	.	PUNCT
emaj-42	281	1	the	the	DET
emaj-42	281	2	fundamental	fundamental	ADJ
emaj-42	281	3	variables	variable	NOUN
emaj-42	281	4	of	of	ADP
emaj-42	281	5	the	the	DET
emaj-42	281	6	parent	parent	NOUN
emaj-42	281	7	bank	bank	NOUN
emaj-42	281	8	also	also	ADV
emaj-42	281	9	significantly	significantly	ADV
emaj-42	281	10	affect	affect	VERB
emaj-42	281	11	market	market	NOUN
emaj-42	281	12	discipline	discipline	NOUN
emaj-42	281	13	but	but	CCONJ
emaj-42	281	14	at	at	ADP
emaj-42	281	15	lower	low	ADJ
emaj-42	281	16	degrees	degree	NOUN
emaj-42	281	17	.	.	PUNCT
emaj-42	282	1	macroeconomic	macroeconomic	ADJ
emaj-42	282	2	variables	variable	NOUN
emaj-42	282	3	of	of	ADP
emaj-42	282	4	the	the	DET
emaj-42	282	5	host	host	NOUN
emaj-42	282	6	emerging	emerge	VERB
emaj-42	282	7	country	country	NOUN
emaj-42	282	8	have	have	VERB
emaj-42	282	9	an	an	DET
emaj-42	282	10	impact	impact	NOUN
emaj-42	282	11	on	on	ADP
emaj-42	282	12	market	market	NOUN
emaj-42	282	13	discipline	discipline	NOUN
emaj-42	282	14	as	as	SCONJ
emaj-42	282	15	opposed	oppose	VERB
emaj-42	282	16	to	to	PART
emaj-42	282	17	macro	macro	ADJ
emaj-42	282	18	variables	variable	NOUN
emaj-42	282	19	of	of	ADP
emaj-42	282	20	the	the	DET
emaj-42	282	21	country	country	NOUN
emaj-42	282	22	of	of	ADP
emaj-42	282	23	origin	origin	NOUN
emaj-42	282	24	which	which	PRON
emaj-42	282	25	appear	appear	VERB
emaj-42	282	26	globally	globally	ADV
emaj-42	282	27	uninformative	uninformative	ADJ
emaj-42	282	28	about	about	ADP
emaj-42	282	29	the	the	DET
emaj-42	282	30	mechanism	mechanism	NOUN
emaj-42	282	31	through	through	ADP
emaj-42	282	32	which	which	PRON
emaj-42	282	33	depositors	depositor	NOUN
emaj-42	282	34	exert	exert	VERB
emaj-42	282	35	market	market	NOUN
emaj-42	282	36	discipline	discipline	NOUN
emaj-42	282	37	on	on	ADP
emaj-42	282	38	foreign	foreign	ADJ
emaj-42	282	39	subsidiaries	subsidiary	NOUN
emaj-42	282	40	in	in	ADP
emaj-42	282	41	emerging	emerge	VERB
emaj-42	282	42	countries	country	NOUN
emaj-42	282	43	.	.	PUNCT
emaj-42	283	1	3	3	NUM
emaj-42	283	2	in	in	ADP
emaj-42	283	3	a	a	DET
emaj-42	283	4	concern	concern	NOUN
emaj-42	283	5	of	of	ADP
emaj-42	283	6	simplicity	simplicity	NOUN
emaj-42	283	7	,	,	PUNCT
emaj-42	283	8	only	only	ADV
emaj-42	283	9	the	the	DET
emaj-42	283	10	regression	regression	NOUN
emaj-42	283	11	results	result	NOUN
emaj-42	283	12	of	of	ADP
emaj-42	283	13	exogenous	exogenous	ADJ
emaj-42	283	14	latent	latent	NOUN
emaj-42	283	15	variables	variable	NOUN
emaj-42	283	16	on	on	ADP
emaj-42	283	17	the	the	DET
emaj-42	283	18	variable	variable	ADJ
emaj-42	283	19	deposit	deposit	NOUN
emaj-42	283	20	are	be	AUX
emaj-42	283	21	shown	show	VERB
emaj-42	283	22	in	in	ADP
emaj-42	283	23	this	this	DET
emaj-42	283	24	figure	figure	NOUN
emaj-42	283	25	.	.	PUNCT
emaj-42	284	1	figure	figure	VERB
emaj-42	284	2	3	3	NUM
emaj-42	284	3	.	.	NOUN
emaj-42	284	4	results	result	NOUN
emaj-42	284	5	of	of	ADP
emaj-42	284	6	pls	pls	INTJ
emaj-42	284	7	estimation	estimation	NOUN
emaj-42	284	8	for	for	ADP
emaj-42	284	9	the	the	DET
emaj-42	284	10	theoretical	theoretical	ADJ
emaj-42	284	11	model	model	NOUN
emaj-42	284	12	(	(	PUNCT
emaj-42	284	13	b	b	NOUN
emaj-42	284	14	)	)	PUNCT
emaj-42	284	15	dr	dr	PROPN
emaj-42	284	16	.	.	PROPN
emaj-42	284	17	mehdi	mehdi	PROPN
emaj-42	284	18	mili	mili	PROPN
emaj-42	284	19	,	,	PUNCT
emaj-42	284	20	prof	prof	PROPN
emaj-42	284	21	.	.	PUNCT
emaj-42	285	1	jean	jean	PROPN
emaj-42	285	2	-	-	PUNCT
emaj-42	285	3	michel	michel	PROPN
emaj-42	285	4	sahut	sahut	VERB
emaj-42	285	5	p	p	PRON
emaj-42	285	6	a	a	DET
emaj-42	285	7	g	g	NOUN
emaj-42	285	8	e	e	PROPN
emaj-42	285	9	|	|	ADV
emaj-42	285	10	42|	42|	NUM
emaj-42	285	11	emerging	emerge	VERB
emaj-42	285	12	markets	market	NOUN
emaj-42	285	13	journal	journal	NOUN
emaj-42	285	14	volume	volume	NOUN
emaj-42	285	15	3	3	NUM
emaj-42	285	16	no	no	DET
emaj-42	285	17	2	2	NUM
emaj-42	285	18	(	(	PUNCT
emaj-42	285	19	2013	2013	NUM
emaj-42	285	20	)	)	PUNCT
emaj-42	285	21	|	|	ADV
emaj-42	285	22	issn	issn	VERB
emaj-42	285	23	2158	2158	NUM
emaj-42	285	24	-	-	SYM
emaj-42	285	25	8708	8708	NUM
emaj-42	285	26	(	(	PUNCT
emaj-42	285	27	online	online	NOUN
emaj-42	285	28	)	)	PUNCT
emaj-42	285	29	|	|	ADV
emaj-42	285	30	10.5195	10.5195	NUM
emaj-42	285	31	/	/	SYM
emaj-42	285	32	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	285	33	|	|	ADV
emaj-42	285	34	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	285	35	the	the	DET
emaj-42	285	36	results	result	NOUN
emaj-42	285	37	of	of	ADP
emaj-42	285	38	pls	pls	INTJ
emaj-42	285	39	path	path	NOUN
emaj-42	285	40	regression	regression	NOUN
emaj-42	285	41	of	of	ADP
emaj-42	285	42	the	the	DET
emaj-42	285	43	structural	structural	ADJ
emaj-42	285	44	model	model	NOUN
emaj-42	285	45	with	with	ADP
emaj-42	285	46	market	market	NOUN
emaj-42	285	47	discipline	discipline	NOUN
emaj-42	285	48	as	as	ADP
emaj-42	285	49	dependent	dependent	ADJ
emaj-42	285	50	variable	variable	NOUN
emaj-42	285	51	are	be	AUX
emaj-42	285	52	resumed	resume	VERB
emaj-42	285	53	in	in	ADP
emaj-42	285	54	table	table	NOUN
emaj-42	285	55	8	8	NUM
emaj-42	285	56	.	.	PUNCT
emaj-42	286	1	the	the	DET
emaj-42	286	2	results	result	NOUN
emaj-42	286	3	confirm	confirm	VERB
emaj-42	286	4	the	the	DET
emaj-42	286	5	existence	existence	NOUN
emaj-42	286	6	of	of	ADP
emaj-42	286	7	market	market	NOUN
emaj-42	286	8	discipline	discipline	NOUN
emaj-42	286	9	exerted	exert	VERB
emaj-42	286	10	by	by	ADP
emaj-42	286	11	emerging	emerge	VERB
emaj-42	286	12	countries	country	NOUN
emaj-42	286	13	.	.	PUNCT
emaj-42	287	1	it	it	PRON
emaj-42	287	2	’s	’s	AUX
emaj-42	287	3	shown	show	VERB
emaj-42	287	4	that	that	SCONJ
emaj-42	287	5	the	the	DET
emaj-42	287	6	specific	specific	ADJ
emaj-42	287	7	variables	variable	NOUN
emaj-42	287	8	of	of	ADP
emaj-42	287	9	the	the	DET
emaj-42	287	10	subsidiary	subsidiary	NOUN
emaj-42	287	11	depositors	depositor	NOUN
emaj-42	287	12	on	on	ADP
emaj-42	287	13	their	their	PRON
emaj-42	287	14	foreign	foreign	ADJ
emaj-42	287	15	subsidiaries	subsidiary	NOUN
emaj-42	287	16	in	in	AUX
emaj-42	287	17	affect	affect	VERB
emaj-42	287	18	more	more	ADV
emaj-42	287	19	significantly	significantly	ADV
emaj-42	287	20	market	market	NOUN
emaj-42	287	21	discipline	discipline	NOUN
emaj-42	287	22	than	than	ADP
emaj-42	287	23	the	the	DET
emaj-42	287	24	specific	specific	ADJ
emaj-42	287	25	variables	variable	NOUN
emaj-42	287	26	of	of	ADP
emaj-42	287	27	the	the	DET
emaj-42	287	28	parent	parent	NOUN
emaj-42	287	29	bank	bank	NOUN
emaj-42	287	30	and	and	CCONJ
emaj-42	287	31	contributes	contribute	VERB
emaj-42	287	32	to	to	ADP
emaj-42	287	33	65	65	NUM
emaj-42	287	34	%	%	NOUN
emaj-42	287	35	of	of	ADP
emaj-42	287	36	the	the	DET
emaj-42	287	37	r	r	NOUN
emaj-42	287	38	-	-	PUNCT
emaj-42	287	39	squard	squard	NOUN
emaj-42	287	40	of	of	ADP
emaj-42	287	41	the	the	DET
emaj-42	287	42	model	model	NOUN
emaj-42	287	43	.	.	PUNCT
emaj-42	288	1	table	table	NOUN
emaj-42	288	2	8	8	NUM
emaj-42	288	3	.	.	PUNCT
emaj-42	288	4	impact	impact	NOUN
emaj-42	288	5	and	and	CCONJ
emaj-42	288	6	contribution	contribution	NOUN
emaj-42	288	7	of	of	ADP
emaj-42	288	8	exogenous	exogenous	ADJ
emaj-42	288	9	latent	latent	NOUN
emaj-42	288	10	variables	variable	NOUN
emaj-42	288	11	on	on	ADP
emaj-42	288	12	the	the	DET
emaj-42	288	13	endogenous	endogenous	ADJ
emaj-42	288	14	δdeposits	δdeposit	NOUN
emaj-42	288	15	table	table	VERB
emaj-42	288	16	9	9	NUM
emaj-42	288	17	.	.	PUNCT
emaj-42	289	1	goodness	goodness	NOUN
emaj-42	289	2	of	of	ADP
emaj-42	289	3	fit	fit	ADJ
emaj-42	289	4	index	index	NOUN
emaj-42	289	5	for	for	ADP
emaj-42	289	6	the	the	DET
emaj-42	289	7	structural	structural	ADJ
emaj-42	289	8	model	model	NOUN
emaj-42	289	9	r²	r²	NOUN
emaj-42	289	10	r²(boot	r²(boot	NOUN
emaj-42	289	11	strap	strap	NOUN
emaj-42	289	12	)	)	PUNCT
emaj-42	289	13	ecarttype	ecarttype	NOUN
emaj-42	289	14	borne	bear	VERB
emaj-42	289	15	inférieu	inférieu	NOUN
emaj-42	289	16	re	re	ADP
emaj-42	289	17	(	(	PUNCT
emaj-42	289	18	95	95	NUM
emaj-42	289	19	%	%	NOUN
emaj-42	289	20	)	)	PUNCT
emaj-42	289	21	borne	bear	VERB
emaj-42	289	22	supérie	supérie	PROPN
emaj-42	289	23	ure	ure	PROPN
emaj-42	289	24	(	(	PUNCT
emaj-42	289	25	95	95	NUM
emaj-42	289	26	%	%	NOUN
emaj-42	289	27	)	)	PUNCT
emaj-42	289	28	0,007	0,007	NUM
emaj-42	289	29	0,019	0,019	NUM
emaj-42	289	30	0,010	0,010	NUM
emaj-42	289	31	0,006	0,006	NUM
emaj-42	289	32	0,046	0,046	NUM
emaj-42	289	33	the	the	DET
emaj-42	289	34	construct	construct	VERB
emaj-42	289	35	specific	specific	ADJ
emaj-42	289	36	variable	variable	NOUN
emaj-42	289	37	of	of	ADP
emaj-42	289	38	subsidiary	subsidiary	NOUN
emaj-42	289	39	appears	appear	VERB
emaj-42	289	40	the	the	DET
emaj-42	289	41	group	group	NOUN
emaj-42	289	42	that	that	PRON
emaj-42	289	43	most	most	ADV
emaj-42	289	44	affects	affect	VERB
emaj-42	289	45	the	the	DET
emaj-42	289	46	market	market	NOUN
emaj-42	289	47	discipline	discipline	NOUN
emaj-42	289	48	exerted	exert	VERB
emaj-42	289	49	on	on	ADP
emaj-42	289	50	foreign	foreign	ADJ
emaj-42	289	51	subsidiaries	subsidiary	NOUN
emaj-42	289	52	.	.	PUNCT
emaj-42	290	1	this	this	PRON
emaj-42	290	2	means	mean	VERB
emaj-42	290	3	that	that	SCONJ
emaj-42	290	4	depositors	depositor	NOUN
emaj-42	290	5	are	be	AUX
emaj-42	290	6	more	more	ADV
emaj-42	290	7	concerned	concerned	ADJ
emaj-42	290	8	with	with	ADP
emaj-42	290	9	the	the	DET
emaj-42	290	10	risk	risk	NOUN
emaj-42	290	11	taken	take	VERB
emaj-42	290	12	by	by	ADP
emaj-42	290	13	the	the	DET
emaj-42	290	14	subsidiaries	subsidiary	NOUN
emaj-42	290	15	in	in	ADP
emaj-42	290	16	host	host	NOUN
emaj-42	290	17	country	country	NOUN
emaj-42	290	18	than	than	ADP
emaj-42	290	19	risk	risk	NOUN
emaj-42	290	20	taken	take	VERB
emaj-42	290	21	by	by	ADP
emaj-42	290	22	their	their	PRON
emaj-42	290	23	parent	parent	NOUN
emaj-42	290	24	banks	bank	NOUN
emaj-42	290	25	.	.	PUNCT
emaj-42	291	1	macroeconomic	macroeconomic	ADJ
emaj-42	291	2	variables	variable	NOUN
emaj-42	291	3	of	of	ADP
emaj-42	291	4	parent	parent	NOUN
emaj-42	291	5	bank	bank	NOUN
emaj-42	291	6	,	,	PUNCT
emaj-42	291	7	globally	globally	ADV
emaj-42	291	8	,	,	PUNCT
emaj-42	291	9	have	have	VERB
emaj-42	291	10	insignificant	insignificant	ADJ
emaj-42	291	11	effect	effect	NOUN
emaj-42	291	12	on	on	ADP
emaj-42	291	13	market	market	NOUN
emaj-42	291	14	discipline	discipline	NOUN
emaj-42	291	15	of	of	ADP
emaj-42	291	16	their	their	PRON
emaj-42	291	17	subsidiaries	subsidiary	NOUN
emaj-42	291	18	.	.	PUNCT
emaj-42	292	1	as	as	SCONJ
emaj-42	292	2	the	the	DET
emaj-42	292	3	total	total	ADJ
emaj-42	292	4	equity	equity	NOUN
emaj-42	292	5	positively	positively	ADV
emaj-42	292	6	affects	affect	VERB
emaj-42	292	7	the	the	DET
emaj-42	292	8	latent	latent	ADJ
emaj-42	292	9	variable	variable	ADJ
emaj-42	292	10	specific	specific	ADJ
emaj-42	292	11	subsidiaries	subsidiary	NOUN
emaj-42	292	12	,	,	PUNCT
emaj-42	292	13	then	then	ADV
emaj-42	292	14	we	we	PRON
emaj-42	292	15	can	can	AUX
emaj-42	292	16	deduce	deduce	VERB
emaj-42	292	17	that	that	SCONJ
emaj-42	292	18	the	the	DET
emaj-42	292	19	capitalization	capitalization	NOUN
emaj-42	292	20	of	of	ADP
emaj-42	292	21	the	the	DET
emaj-42	292	22	subsidiary	subsidiary	NOUN
emaj-42	292	23	bank	bank	PROPN
emaj-42	292	24	is	be	AUX
emaj-42	292	25	a	a	DET
emaj-42	292	26	determining	determine	VERB
emaj-42	292	27	factor	factor	NOUN
emaj-42	292	28	of	of	ADP
emaj-42	292	29	deposit	deposit	NOUN
emaj-42	292	30	growth	growth	NOUN
emaj-42	292	31	.	.	PUNCT
emaj-42	293	1	this	this	PRON
emaj-42	293	2	may	may	AUX
emaj-42	293	3	be	be	AUX
emaj-42	293	4	explained	explain	VERB
emaj-42	293	5	by	by	ADP
emaj-42	293	6	the	the	DET
emaj-42	293	7	fact	fact	NOUN
emaj-42	293	8	that	that	SCONJ
emaj-42	293	9	strengthening	strengthen	VERB
emaj-42	293	10	the	the	DET
emaj-42	293	11	capital	capital	NOUN
emaj-42	293	12	of	of	ADP
emaj-42	293	13	the	the	DET
emaj-42	293	14	bank	bank	NOUN
emaj-42	293	15	is	be	AUX
emaj-42	293	16	likely	likely	ADJ
emaj-42	293	17	to	to	PART
emaj-42	293	18	restore	restore	VERB
emaj-42	293	19	confidence	confidence	NOUN
emaj-42	293	20	of	of	ADP
emaj-42	293	21	depositors	depositor	NOUN
emaj-42	293	22	and	and	CCONJ
emaj-42	293	23	to	to	PART
emaj-42	293	24	insure	insure	VERB
emaj-42	293	25	convergence	convergence	NOUN
emaj-42	293	26	of	of	ADP
emaj-42	293	27	interests	interest	NOUN
emaj-42	293	28	with	with	ADP
emaj-42	293	29	depositors	depositor	NOUN
emaj-42	293	30	.	.	PUNCT
emaj-42	294	1	by	by	ADP
emaj-42	294	2	the	the	DET
emaj-42	294	3	same	same	ADJ
emaj-42	294	4	,	,	PUNCT
emaj-42	294	5	loan	loan	NOUN
emaj-42	294	6	loss	loss	NOUN
emaj-42	294	7	provision	provision	NOUN
emaj-42	294	8	negatively	negatively	ADV
emaj-42	294	9	affects	affect	VERB
emaj-42	294	10	specific	specific	ADJ
emaj-42	294	11	variables	variable	NOUN
emaj-42	294	12	of	of	ADP
emaj-42	294	13	the	the	DET
emaj-42	294	14	subsidiaries	subsidiary	NOUN
emaj-42	294	15	(	(	PUNCT
emaj-42	294	16	see	see	VERB
emaj-42	294	17	table	table	NOUN
emaj-42	294	18	3	3	NUM
emaj-42	294	19	)	)	PUNCT
emaj-42	294	20	.	.	PUNCT
emaj-42	295	1	so	so	ADV
emaj-42	295	2	,	,	PUNCT
emaj-42	295	3	high	high	ADJ
emaj-42	295	4	level	level	NOUN
emaj-42	295	5	of	of	ADP
emaj-42	295	6	loan	loan	NOUN
emaj-42	295	7	loss	loss	NOUN
emaj-42	295	8	provision	provision	NOUN
emaj-42	295	9	reduces	reduce	VERB
emaj-42	295	10	deposits	deposit	NOUN
emaj-42	295	11	of	of	ADP
emaj-42	295	12	subsidiaries	subsidiary	NOUN
emaj-42	295	13	.	.	PUNCT
emaj-42	296	1	this	this	PRON
emaj-42	296	2	may	may	AUX
emaj-42	296	3	be	be	AUX
emaj-42	296	4	due	due	ADJ
emaj-42	296	5	to	to	ADP
emaj-42	296	6	the	the	DET
emaj-42	296	7	fact	fact	NOUN
emaj-42	296	8	that	that	SCONJ
emaj-42	296	9	problems	problem	NOUN
emaj-42	296	10	encountered	encounter	VERB
emaj-42	296	11	by	by	ADP
emaj-42	296	12	the	the	DET
emaj-42	296	13	parent	parent	NOUN
emaj-42	296	14	bank	bank	NOUN
emaj-42	296	15	on	on	ADP
emaj-42	296	16	its	its	PRON
emaj-42	296	17	loan	loan	NOUN
emaj-42	296	18	portfolio	portfolio	NOUN
emaj-42	296	19	leads	lead	VERB
emaj-42	296	20	it	it	PRON
emaj-42	296	21	to	to	PART
emaj-42	296	22	reduce	reduce	VERB
emaj-42	296	23	its	its	PRON
emaj-42	296	24	funding	funding	NOUN
emaj-42	296	25	to	to	ADP
emaj-42	296	26	its	its	PRON
emaj-42	296	27	subsidiaries	subsidiary	NOUN
emaj-42	296	28	.	.	PUNCT
emaj-42	297	1	thus	thus	ADV
emaj-42	297	2	,	,	PUNCT
emaj-42	297	3	if	if	SCONJ
emaj-42	297	4	the	the	DET
emaj-42	297	5	parent	parent	NOUN
emaj-42	297	6	bank	bank	NOUN
emaj-42	297	7	seeks	seek	VERB
emaj-42	297	8	to	to	PART
emaj-42	297	9	preserve	preserve	VERB
emaj-42	297	10	its	its	PRON
emaj-42	297	11	liquidity	liquidity	NOUN
emaj-42	297	12	crisis	crisis	NOUN
emaj-42	297	13	in	in	ADP
emaj-42	297	14	the	the	DET
emaj-42	297	15	country	country	NOUN
emaj-42	297	16	of	of	ADP
emaj-42	297	17	origin	origin	NOUN
emaj-42	297	18	,	,	PUNCT
emaj-42	297	19	their	their	PRON
emaj-42	297	20	subsidiaries	subsidiary	NOUN
emaj-42	297	21	generally	generally	ADV
emaj-42	297	22	experience	experience	VERB
emaj-42	297	23	a	a	DET
emaj-42	297	24	reduction	reduction	NOUN
emaj-42	297	25	in	in	ADP
emaj-42	297	26	their	their	PRON
emaj-42	297	27	deposits	deposit	NOUN
emaj-42	297	28	.	.	PUNCT
emaj-42	298	1	on	on	ADP
emaj-42	298	2	further	further	ADJ
emaj-42	298	3	analysis	analysis	NOUN
emaj-42	298	4	,	,	PUNCT
emaj-42	298	5	an	an	DET
emaj-42	298	6	increase	increase	NOUN
emaj-42	298	7	in	in	ADP
emaj-42	298	8	loan	loan	NOUN
emaj-42	298	9	loss	loss	NOUN
emaj-42	298	10	provisions	provision	NOUN
emaj-42	298	11	should	should	AUX
emaj-42	298	12	be	be	AUX
emaj-42	298	13	associated	associate	VERB
emaj-42	298	14	with	with	ADP
emaj-42	298	15	a	a	DET
emaj-42	298	16	higher	high	ADJ
emaj-42	298	17	expected	expect	VERB
emaj-42	298	18	write	write	NOUN
emaj-42	298	19	-	-	PUNCT
emaj-42	298	20	off	off	NOUN
emaj-42	298	21	and	and	CCONJ
emaj-42	298	22	therefore	therefore	ADV
emaj-42	298	23	should	should	AUX
emaj-42	298	24	indicate	indicate	VERB
emaj-42	298	25	a	a	DET
emaj-42	298	26	riskier	risky	ADJ
emaj-42	298	27	institution	institution	NOUN
emaj-42	298	28	.	.	PUNCT
emaj-42	299	1	so	so	ADV
emaj-42	299	2	,	,	PUNCT
emaj-42	299	3	higher	high	ADJ
emaj-42	299	4	level	level	NOUN
emaj-42	299	5	of	of	ADP
emaj-42	299	6	loan	loan	NOUN
emaj-42	299	7	loss	loss	NOUN
emaj-42	299	8	provisions	provision	NOUN
emaj-42	299	9	is	be	AUX
emaj-42	299	10	not	not	PART
emaj-42	299	11	viewed	view	VERB
emaj-42	299	12	as	as	ADP
emaj-42	299	13	a	a	DET
emaj-42	299	14	better	well	ADJ
emaj-42	299	15	protection	protection	NOUN
emaj-42	299	16	.	.	PUNCT
emaj-42	300	1	parent	parent	PROPN
emaj-42	300	2	bank	bank	PROPN
emaj-42	300	3	significantly	significantly	ADV
emaj-42	300	4	affects	affect	VERB
emaj-42	300	5	deposit	deposit	NOUN
emaj-42	300	6	growth	growth	NOUN
emaj-42	300	7	.	.	PUNCT
emaj-42	301	1	this	this	DET
emaj-42	301	2	result	result	NOUN
emaj-42	301	3	challenges	challenge	VERB
emaj-42	301	4	the	the	DET
emaj-42	301	5	limited	limited	ADJ
emaj-42	301	6	role	role	NOUN
emaj-42	301	7	of	of	ADP
emaj-42	301	8	the	the	DET
emaj-42	301	9	parent	parent	NOUN
emaj-42	301	10	bank	bank	NOUN
emaj-42	301	11	to	to	PART
emaj-42	301	12	support	support	VERB
emaj-42	301	13	their	their	PRON
emaj-42	301	14	subsidiaries	subsidiary	NOUN
emaj-42	301	15	in	in	ADP
emaj-42	301	16	times	time	NOUN
emaj-42	301	17	of	of	ADP
emaj-42	301	18	crisis	crisis	NOUN
emaj-42	301	19	in	in	ADP
emaj-42	301	20	the	the	DET
emaj-42	301	21	receiving	receive	VERB
emaj-42	301	22	country	country	NOUN
emaj-42	301	23	.	.	PUNCT
emaj-42	302	1	this	this	DET
emaj-42	302	2	finding	finding	NOUN
emaj-42	302	3	is	be	AUX
emaj-42	302	4	in	in	ADP
emaj-42	302	5	line	line	NOUN
emaj-42	302	6	to	to	ADP
emaj-42	302	7	that	that	PRON
emaj-42	302	8	of	of	ADP
emaj-42	302	9	allen	allen	PROPN
emaj-42	302	10	et	et	PROPN
emaj-42	302	11	al	al	PROPN
emaj-42	302	12	.	.	PROPN
emaj-42	303	1	(	(	PUNCT
emaj-42	303	2	2010	2010	NUM
emaj-42	303	3	)	)	PUNCT
emaj-42	303	4	who	who	PRON
emaj-42	303	5	show	show	VERB
emaj-42	303	6	that	that	SCONJ
emaj-42	303	7	in	in	ADP
emaj-42	303	8	times	time	NOUN
emaj-42	303	9	of	of	ADP
emaj-42	303	10	crisis	crisis	NOUN
emaj-42	303	11	,	,	PUNCT
emaj-42	303	12	parent	parent	NOUN
emaj-42	303	13	banks	bank	NOUN
emaj-42	303	14	support	support	VERB
emaj-42	303	15	their	their	PRON
emaj-42	303	16	subsidia	subsidia	NOUN
emaj-42	303	17	ries	rie	NOUN
emaj-42	303	18	specific	specific	PROPN
emaj-42	303	19	macro	macro	ADJ
emaj-42	303	20	subsidiar	subsidiar	NOUN
emaj-42	303	21	ies	ie	NOUN
emaj-42	303	22	parent	parent	NOUN
emaj-42	303	23	specific	specific	PROPN
emaj-42	303	24	macro	macro	ADJ
emaj-42	303	25	parent	parent	NOUN
emaj-42	303	26	corrélati	corrélati	NOUN
emaj-42	303	27	on	on	ADP
emaj-42	303	28	0,070	0,070	NUM
emaj-42	303	29	0,020	0,020	NUM
emaj-42	303	30	0,026	0,026	NOUN
emaj-42	303	31	-0,045	-0,045	PROPN
emaj-42	303	32	path	path	NOUN
emaj-42	303	33	coefficie	coefficie	VERB
emaj-42	303	34	nt	not	PART
emaj-42	303	35	0,579	0,579	NUM
emaj-42	303	36	0,294	0,294	NUM
emaj-42	303	37	0,121	0,121	NUM
emaj-42	303	38	-0,017	-0,017	PROPN
emaj-42	303	39	t	t	PROPN
emaj-42	303	40	-	-	PUNCT
emaj-42	303	41	statistic	statistic	NOUN
emaj-42	303	42	2,350	2,350	NUM
emaj-42	303	43	3,713	3,713	NUM
emaj-42	303	44	2,297	2,297	NUM
emaj-42	303	45	0,215	0,215	NUM
emaj-42	303	46	contribu	contribu	ADJ
emaj-42	303	47	tion	tion	NOUN
emaj-42	303	48	au	au	ADP
emaj-42	303	49	r²	r²	NOUN
emaj-42	303	50	(	(	PUNCT
emaj-42	303	51	%	%	INTJ
emaj-42	303	52	)	)	PUNCT
emaj-42	303	53	65,019	65,019	NUM
emaj-42	303	54	21,748	21,748	NUM
emaj-42	303	55	8,721	8,721	NUM
emaj-42	303	56	4,512	4,512	NUM
emaj-42	303	57	determinants	determinant	NOUN
emaj-42	303	58	of	of	ADP
emaj-42	303	59	loans	loan	NOUN
emaj-42	303	60	and	and	CCONJ
emaj-42	303	61	deposits	deposit	NOUN
emaj-42	303	62	strategies	strategy	NOUN
emaj-42	303	63	of	of	ADP
emaj-42	303	64	foreign	foreign	ADJ
emaj-42	303	65	bank	bank	NOUN
emaj-42	303	66	subsidiaries	subsidiary	NOUN
emaj-42	303	67	in	in	ADP
emaj-42	303	68	emerging	emerge	VERB
emaj-42	303	69	countries	country	NOUN
emaj-42	303	70	emerging	emerge	VERB
emaj-42	303	71	markets	market	NOUN
emaj-42	303	72	journal	journal	NOUN
emaj-42	304	1	|	|	ADV
emaj-42	304	2	p	p	NOUN
emaj-42	304	3	a	a	DET
emaj-42	304	4	g	g	NOUN
emaj-42	304	5	e	e	NOUN
emaj-42	304	6	|43	|43	NOUN
emaj-42	304	7	volume	volume	VERB
emaj-42	304	8	3	3	NUM
emaj-42	304	9	no	no	DET
emaj-42	304	10	2	2	NUM
emaj-42	304	11	(	(	PUNCT
emaj-42	304	12	2013	2013	NUM
emaj-42	304	13	)	)	PUNCT
emaj-42	304	14	|	|	ADV
emaj-42	304	15	issn	issn	VERB
emaj-42	304	16	2158	2158	NUM
emaj-42	304	17	-	-	SYM
emaj-42	304	18	8708	8708	NUM
emaj-42	304	19	(	(	PUNCT
emaj-42	304	20	online	online	NOUN
emaj-42	304	21	)	)	PUNCT
emaj-42	305	1	|	|	ADV
emaj-42	305	2	10.5195	10.5195	NUM
emaj-42	305	3	/	/	SYM
emaj-42	305	4	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	305	5	|	|	ADV
emaj-42	305	6	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-42	305	7	subsidiaries	subsidiary	NOUN
emaj-42	305	8	in	in	ADP
emaj-42	305	9	host	host	NOUN
emaj-42	305	10	countries	country	NOUN
emaj-42	305	11	which	which	PRON
emaj-42	305	12	reassure	reassure	VERB
emaj-42	305	13	depositors	depositor	NOUN
emaj-42	305	14	.	.	PUNCT
emaj-42	306	1	parent	parent	NOUN
emaj-42	306	2	banks	bank	NOUN
emaj-42	306	3	facing	face	VERB
emaj-42	306	4	difficult	difficult	ADJ
emaj-42	306	5	financial	financial	ADJ
emaj-42	306	6	situations	situation	NOUN
emaj-42	306	7	can	can	AUX
emaj-42	306	8	engage	engage	VERB
emaj-42	306	9	their	their	PRON
emaj-42	306	10	subsidiaries	subsidiary	NOUN
emaj-42	306	11	in	in	ADP
emaj-42	306	12	gathering	gather	VERB
emaj-42	306	13	deposits	deposit	NOUN
emaj-42	306	14	more	more	ADV
emaj-42	306	15	aggressively	aggressively	ADV
emaj-42	306	16	especially	especially	ADV
emaj-42	306	17	in	in	ADP
emaj-42	306	18	times	time	NOUN
emaj-42	306	19	of	of	ADP
emaj-42	306	20	crisis	crisis	NOUN
emaj-42	306	21	.	.	PUNCT
emaj-42	307	1	similarly	similarly	ADV
emaj-42	307	2	,	,	PUNCT
emaj-42	307	3	we	we	PRON
emaj-42	307	4	can	can	AUX
emaj-42	307	5	infer	infer	VERB
emaj-42	307	6	that	that	SCONJ
emaj-42	307	7	liquidity	liquidity	NOUN
emaj-42	307	8	of	of	ADP
emaj-42	307	9	parent	parent	NOUN
emaj-42	307	10	banks	bank	NOUN
emaj-42	307	11	it	it	PRON
emaj-42	307	12	significantly	significantly	ADV
emaj-42	307	13	increases	increase	VERB
emaj-42	307	14	the	the	DET
emaj-42	307	15	deposits	deposit	NOUN
emaj-42	307	16	in	in	ADP
emaj-42	307	17	foreign	foreign	ADJ
emaj-42	307	18	subsidiaries	subsidiary	NOUN
emaj-42	307	19	in	in	ADP
emaj-42	307	20	the	the	DET
emaj-42	307	21	period	period	NOUN
emaj-42	307	22	of	of	ADP
emaj-42	307	23	crisis	crisis	NOUN
emaj-42	307	24	.	.	PUNCT
emaj-42	308	1	this	this	PRON
emaj-42	308	2	is	be	AUX
emaj-42	308	3	may	may	AUX
emaj-42	308	4	be	be	AUX
emaj-42	308	5	explained	explain	VERB
emaj-42	308	6	by	by	ADP
emaj-42	308	7	the	the	DET
emaj-42	308	8	fact	fact	NOUN
emaj-42	308	9	that	that	SCONJ
emaj-42	308	10	depositors	depositor	NOUN
emaj-42	308	11	can	can	AUX
emaj-42	308	12	expect	expect	VERB
emaj-42	308	13	that	that	SCONJ
emaj-42	308	14	the	the	DET
emaj-42	308	15	parent	parent	NOUN
emaj-42	308	16	bank	bank	NOUN
emaj-42	308	17	supports	support	VERB
emaj-42	308	18	their	their	PRON
emaj-42	308	19	subsidiaries	subsidiary	NOUN
emaj-42	308	20	by	by	ADP
emaj-42	308	21	providing	provide	VERB
emaj-42	308	22	them	they	PRON
emaj-42	308	23	with	with	ADP
emaj-42	308	24	a	a	DET
emaj-42	308	25	sufficient	sufficient	ADJ
emaj-42	308	26	liquidity	liquidity	NOUN
emaj-42	308	27	in	in	ADP
emaj-42	308	28	order	order	NOUN
emaj-42	308	29	to	to	PART
emaj-42	308	30	fulfill	fulfill	VERB
emaj-42	308	31	their	their	PRON
emaj-42	308	32	obligations	obligation	NOUN
emaj-42	308	33	at	at	ADP
emaj-42	308	34	maturity	maturity	NOUN
emaj-42	308	35	.	.	PUNCT
emaj-42	309	1	being	be	AUX
emaj-42	309	2	persuaded	persuade	VERB
emaj-42	309	3	to	to	PART
emaj-42	309	4	withdraw	withdraw	VERB
emaj-42	309	5	their	their	PRON
emaj-42	309	6	funds	fund	NOUN
emaj-42	309	7	without	without	ADP
emaj-42	309	8	incurring	incur	VERB
emaj-42	309	9	losses	loss	NOUN
emaj-42	309	10	,	,	PUNCT
emaj-42	309	11	the	the	DET
emaj-42	309	12	depositors	depositor	NOUN
emaj-42	309	13	increase	increase	VERB
emaj-42	309	14	their	their	PRON
emaj-42	309	15	deposits	deposit	NOUN
emaj-42	309	16	in	in	ADP
emaj-42	309	17	subsidiaries	subsidiary	NOUN
emaj-42	309	18	.	.	PUNCT
emaj-42	310	1	from	from	ADP
emaj-42	310	2	this	this	DET
emaj-42	310	3	synthesis	synthesis	NOUN
emaj-42	310	4	we	we	PRON
emaj-42	310	5	argue	argue	VERB
emaj-42	310	6	that	that	SCONJ
emaj-42	310	7	financial	financial	ADJ
emaj-42	310	8	sectors	sector	NOUN
emaj-42	310	9	in	in	ADP
emaj-42	310	10	emerging	emerge	VERB
emaj-42	310	11	countries	country	NOUN
emaj-42	310	12	are	be	AUX
emaj-42	310	13	relatively	relatively	ADV
emaj-42	310	14	small	small	ADJ
emaj-42	310	15	compared	compare	VERB
emaj-42	310	16	to	to	ADP
emaj-42	310	17	those	those	PRON
emaj-42	310	18	of	of	ADP
emaj-42	310	19	developed	develop	VERB
emaj-42	310	20	countries	country	NOUN
emaj-42	310	21	,	,	PUNCT
emaj-42	310	22	if	if	SCONJ
emaj-42	310	23	the	the	DET
emaj-42	310	24	subsidiary	subsidiary	NOUN
emaj-42	310	25	has	have	VERB
emaj-42	310	26	a	a	DET
emaj-42	310	27	substantial	substantial	ADJ
emaj-42	310	28	market	market	NOUN
emaj-42	310	29	share	share	NOUN
emaj-42	310	30	in	in	ADP
emaj-42	310	31	the	the	DET
emaj-42	310	32	host	host	NOUN
emaj-42	310	33	country	country	NOUN
emaj-42	310	34	,	,	PUNCT
emaj-42	310	35	it	it	PRON
emaj-42	310	36	will	will	AUX
emaj-42	310	37	be	be	AUX
emaj-42	310	38	more	more	ADV
emaj-42	310	39	inclined	inclined	ADJ
emaj-42	310	40	to	to	PART
emaj-42	310	41	bailout	bailout	VERB
emaj-42	310	42	to	to	PART
emaj-42	310	43	limit	limit	VERB
emaj-42	310	44	systemic	systemic	ADJ
emaj-42	310	45	consequences	consequence	NOUN
emaj-42	310	46	.	.	PUNCT
emaj-42	311	1	this	this	DET
emaj-42	311	2	fact	fact	NOUN
emaj-42	311	3	creates	create	VERB
emaj-42	311	4	the	the	DET
emaj-42	311	5	permissive	permissive	ADJ
emaj-42	311	6	to	to	AUX
emaj-42	311	7	increased	increase	VERB
emaj-42	311	8	risktaking	risktake	VERB
emaj-42	311	9	by	by	ADP
emaj-42	311	10	the	the	DET
emaj-42	311	11	subsidiary	subsidiary	NOUN
emaj-42	311	12	conditions	condition	NOUN
emaj-42	311	13	.	.	PUNCT
emaj-42	312	1	this	this	DET
emaj-42	312	2	situation	situation	NOUN
emaj-42	312	3	is	be	AUX
emaj-42	312	4	particularly	particularly	ADV
emaj-42	312	5	damaging	damaging	ADJ
emaj-42	312	6	as	as	SCONJ
emaj-42	312	7	the	the	DET
emaj-42	312	8	supervisor	supervisor	NOUN
emaj-42	312	9	of	of	ADP
emaj-42	312	10	the	the	DET
emaj-42	312	11	developed	develop	VERB
emaj-42	312	12	country	country	NOUN
emaj-42	312	13	is	be	AUX
emaj-42	312	14	discharged	discharge	VERB
emaj-42	312	15	of	of	ADP
emaj-42	312	16	its	its	PRON
emaj-42	312	17	responsibilities	responsibility	NOUN
emaj-42	312	18	on	on	ADP
emaj-42	312	19	the	the	DET
emaj-42	312	20	host	host	NOUN
emaj-42	312	21	country	country	NOUN
emaj-42	312	22	of	of	ADP
emaj-42	312	23	the	the	DET
emaj-42	312	24	subsidiary	subsidiary	NOUN
emaj-42	312	25	and	and	CCONJ
emaj-42	312	26	has	have	VERB
emaj-42	312	27	little	little	ADJ
emaj-42	312	28	incentive	incentive	NOUN
emaj-42	312	29	to	to	PART
emaj-42	312	30	control	control	VERB
emaj-42	312	31	the	the	DET
emaj-42	312	32	transfer	transfer	NOUN
emaj-42	312	33	of	of	ADP
emaj-42	312	34	risk	risk	NOUN
emaj-42	312	35	from	from	ADP
emaj-42	312	36	the	the	DET
emaj-42	312	37	parent	parent	NOUN
emaj-42	312	38	bank	bank	NOUN
emaj-42	312	39	to	to	ADP
emaj-42	312	40	its	its	PRON
emaj-42	312	41	subsidiary	subsidiary	NOUN
emaj-42	312	42	.	.	PUNCT
emaj-42	313	1	i.	i.	PROPN
emaj-42	313	2	conclusion	conclusion	NOUN
emaj-42	313	3	the	the	DET
emaj-42	313	4	presence	presence	NOUN
emaj-42	313	5	of	of	ADP
emaj-42	313	6	foreign	foreign	ADJ
emaj-42	313	7	banks	bank	NOUN
emaj-42	313	8	in	in	ADP
emaj-42	313	9	emerging	emerge	VERB
emaj-42	313	10	countries	country	NOUN
emaj-42	313	11	can	can	AUX
emaj-42	313	12	be	be	AUX
emaj-42	313	13	a	a	DET
emaj-42	313	14	source	source	NOUN
emaj-42	313	15	of	of	ADP
emaj-42	313	16	destabilization	destabilization	NOUN
emaj-42	313	17	in	in	ADP
emaj-42	313	18	emerging	emerge	VERB
emaj-42	313	19	countries	country	NOUN
emaj-42	313	20	and	and	CCONJ
emaj-42	313	21	may	may	AUX
emaj-42	313	22	constitute	constitute	VERB
emaj-42	313	23	a	a	DET
emaj-42	313	24	channel	channel	NOUN
emaj-42	313	25	for	for	ADP
emaj-42	313	26	the	the	DET
emaj-42	313	27	transmission	transmission	NOUN
emaj-42	313	28	of	of	ADP
emaj-42	313	29	liquidity	liquidity	NOUN
emaj-42	313	30	shocks	shock	NOUN
emaj-42	313	31	.	.	PUNCT
emaj-42	314	1	in	in	ADP
emaj-42	314	2	this	this	DET
emaj-42	314	3	study	study	NOUN
emaj-42	314	4	our	our	PRON
emaj-42	314	5	aim	aim	NOUN
emaj-42	314	6	was	be	AUX
emaj-42	314	7	to	to	PART
emaj-42	314	8	investigate	investigate	VERB
emaj-42	314	9	factors	factor	NOUN
emaj-42	314	10	affecting	affect	VERB
emaj-42	314	11	the	the	DET
emaj-42	314	12	credit	credit	NOUN
emaj-42	314	13	strategy	strategy	NOUN
emaj-42	314	14	of	of	ADP
emaj-42	314	15	foreign	foreign	ADJ
emaj-42	314	16	banks	bank	NOUN
emaj-42	314	17	in	in	ADP
emaj-42	314	18	emerging	emerge	VERB
emaj-42	314	19	countries	country	NOUN
emaj-42	314	20	.	.	PUNCT
emaj-42	315	1	we	we	PRON
emaj-42	315	2	apply	apply	VERB
emaj-42	315	3	a	a	DET
emaj-42	315	4	pls	pls	ADJ
emaj-42	315	5	-	-	PUNCT
emaj-42	315	6	path	path	NOUN
emaj-42	315	7	model	model	NOUN
emaj-42	315	8	that	that	PRON
emaj-42	315	9	allows	allow	VERB
emaj-42	315	10	us	we	PRON
emaj-42	315	11	to	to	PART
emaj-42	315	12	indentify	indentify	VERB
emaj-42	315	13	the	the	DET
emaj-42	315	14	causal	causal	ADJ
emaj-42	315	15	relationships	relationship	NOUN
emaj-42	315	16	between	between	ADP
emaj-42	315	17	the	the	DET
emaj-42	315	18	various	various	ADJ
emaj-42	315	19	groups	group	NOUN
emaj-42	315	20	of	of	ADP
emaj-42	315	21	variables	variable	NOUN
emaj-42	315	22	.	.	PUNCT
emaj-42	316	1	an	an	DET
emaj-42	316	2	interesting	interesting	ADJ
emaj-42	316	3	result	result	NOUN
emaj-42	316	4	derived	derive	VERB
emaj-42	316	5	from	from	ADP
emaj-42	316	6	our	our	PRON
emaj-42	316	7	study	study	NOUN
emaj-42	316	8	that	that	SCONJ
emaj-42	316	9	foreign	foreign	ADJ
emaj-42	316	10	bank	bank	NOUN
emaj-42	316	11	lending	lending	NOUN
emaj-42	316	12	is	be	AUX
emaj-42	316	13	determined	determine	VERB
emaj-42	316	14	by	by	ADP
emaj-42	316	15	the	the	DET
emaj-42	316	16	specific	specific	ADJ
emaj-42	316	17	financial	financial	ADJ
emaj-42	316	18	variables	variable	NOUN
emaj-42	316	19	of	of	ADP
emaj-42	316	20	the	the	DET
emaj-42	316	21	parent	parent	NOUN
emaj-42	316	22	bank	bank	NOUN
emaj-42	316	23	and	and	CCONJ
emaj-42	316	24	macroeconomic	macroeconomic	ADJ
emaj-42	316	25	variables	variable	NOUN
emaj-42	316	26	of	of	ADP
emaj-42	316	27	the	the	DET
emaj-42	316	28	country	country	NOUN
emaj-42	316	29	of	of	ADP
emaj-42	316	30	origin	origin	NOUN
emaj-42	316	31	.	.	PUNCT
emaj-42	317	1	the	the	DET
emaj-42	317	2	internal	internal	ADJ
emaj-42	317	3	capital	capital	NOUN
emaj-42	317	4	market	market	NOUN
emaj-42	317	5	group	group	NOUN
emaj-42	317	6	can	can	AUX
emaj-42	317	7	carry	carry	VERB
emaj-42	317	8	instability	instability	NOUN
emaj-42	317	9	when	when	SCONJ
emaj-42	317	10	the	the	DET
emaj-42	317	11	parent	parent	NOUN
emaj-42	317	12	reallocates	reallocate	VERB
emaj-42	317	13	liquidity	liquidity	NOUN
emaj-42	317	14	.	.	PUNCT
emaj-42	318	1	this	this	PRON
emaj-42	318	2	leads	lead	VERB
emaj-42	318	3	us	we	PRON
emaj-42	318	4	to	to	PART
emaj-42	318	5	conclude	conclude	VERB
emaj-42	318	6	that	that	SCONJ
emaj-42	318	7	the	the	DET
emaj-42	318	8	expansion	expansion	NOUN
emaj-42	318	9	of	of	ADP
emaj-42	318	10	credit	credit	NOUN
emaj-42	318	11	via	via	ADP
emaj-42	318	12	foreign	foreign	ADJ
emaj-42	318	13	banks	bank	NOUN
emaj-42	318	14	can	can	AUX
emaj-42	318	15	poses	pose	VERB
emaj-42	318	16	problems	problem	NOUN
emaj-42	318	17	of	of	ADP
emaj-42	318	18	financial	financial	ADJ
emaj-42	318	19	stability	stability	NOUN
emaj-42	318	20	authorities	authority	NOUN
emaj-42	318	21	of	of	ADP
emaj-42	318	22	the	the	DET
emaj-42	318	23	host	host	NOUN
emaj-42	318	24	country	country	NOUN
emaj-42	318	25	.	.	PUNCT
emaj-42	319	1	our	our	PRON
emaj-42	319	2	purpose	purpose	NOUN
emaj-42	319	3	was	be	AUX
emaj-42	319	4	also	also	ADV
emaj-42	319	5	to	to	PART
emaj-42	319	6	test	test	VERB
emaj-42	319	7	whether	whether	SCONJ
emaj-42	319	8	depositors	depositor	NOUN
emaj-42	319	9	exert	exert	VERB
emaj-42	319	10	market	market	NOUN
emaj-42	319	11	discipline	discipline	NOUN
emaj-42	319	12	on	on	ADP
emaj-42	319	13	foreign	foreign	ADJ
emaj-42	319	14	subsidiaries	subsidiary	NOUN
emaj-42	319	15	.	.	PUNCT
emaj-42	320	1	we	we	PRON
emaj-42	320	2	tried	try	VERB
emaj-42	320	3	to	to	PART
emaj-42	320	4	identify	identify	VERB
emaj-42	320	5	factors	factor	NOUN
emaj-42	320	6	that	that	PRON
emaj-42	320	7	may	may	AUX
emaj-42	320	8	explain	explain	VERB
emaj-42	320	9	the	the	DET
emaj-42	320	10	behavior	behavior	NOUN
emaj-42	320	11	of	of	ADP
emaj-42	320	12	depositors	depositor	NOUN
emaj-42	320	13	.	.	PUNCT
emaj-42	321	1	we	we	PRON
emaj-42	321	2	show	show	VERB
emaj-42	321	3	that	that	SCONJ
emaj-42	321	4	specific	specific	ADJ
emaj-42	321	5	variable	variable	NOUN
emaj-42	321	6	of	of	ADP
emaj-42	321	7	subsidiary	subsidiary	NOUN
emaj-42	321	8	is	be	AUX
emaj-42	321	9	the	the	DET
emaj-42	321	10	group	group	NOUN
emaj-42	321	11	that	that	PRON
emaj-42	321	12	most	most	ADV
emaj-42	321	13	affects	affect	VERB
emaj-42	321	14	the	the	DET
emaj-42	321	15	market	market	NOUN
emaj-42	321	16	discipline	discipline	NOUN
emaj-42	321	17	exerted	exert	VERB
emaj-42	321	18	on	on	ADP
emaj-42	321	19	foreign	foreign	ADJ
emaj-42	321	20	subsidiaries	subsidiary	NOUN
emaj-42	321	21	.	.	PUNCT
emaj-42	322	1	this	this	PRON
emaj-42	322	2	implies	imply	VERB
emaj-42	322	3	that	that	SCONJ
emaj-42	322	4	the	the	DET
emaj-42	322	5	behavior	behavior	NOUN
emaj-42	322	6	of	of	ADP
emaj-42	322	7	depositors	depositor	NOUN
emaj-42	322	8	is	be	AUX
emaj-42	322	9	more	more	ADV
emaj-42	322	10	affected	affect	VERB
emaj-42	322	11	by	by	ADP
emaj-42	322	12	the	the	DET
emaj-42	322	13	risks	risk	NOUN
emaj-42	322	14	taken	take	VERB
emaj-42	322	15	by	by	ADP
emaj-42	322	16	the	the	DET
emaj-42	322	17	subsidiaries	subsidiary	NOUN
emaj-42	322	18	in	in	ADP
emaj-42	322	19	the	the	DET
emaj-42	322	20	receiving	receive	VERB
emaj-42	322	21	country	country	NOUN
emaj-42	322	22	.	.	PUNCT
emaj-42	323	1	despite	despite	SCONJ
emaj-42	323	2	the	the	DET
emaj-42	323	3	fact	fact	NOUN
emaj-42	323	4	that	that	SCONJ
emaj-42	323	5	the	the	DET
emaj-42	323	6	parent	parent	NOUN
emaj-42	323	7	bank	bank	NOUN
emaj-42	323	8	affects	affect	VERB
emaj-42	323	9	the	the	DET
emaj-42	323	10	strategies	strategy	NOUN
emaj-42	323	11	of	of	ADP
emaj-42	323	12	their	their	PRON
emaj-42	323	13	subsidiaries	subsidiary	NOUN
emaj-42	323	14	in	in	ADP
emaj-42	323	15	developing	develop	VERB
emaj-42	323	16	countries	country	NOUN
emaj-42	323	17	,	,	PUNCT
emaj-42	323	18	it	it	PRON
emaj-42	323	19	does	do	AUX
emaj-42	323	20	not	not	PART
emaj-42	323	21	affect	affect	VERB
emaj-42	323	22	the	the	DET
emaj-42	323	23	behavior	behavior	NOUN
emaj-42	323	24	of	of	ADP
emaj-42	323	25	depositors	depositor	NOUN
emaj-42	323	26	.	.	PUNCT
emaj-42	324	1	one	one	NUM
emaj-42	324	2	way	way	NOUN
emaj-42	324	3	to	to	PART
emaj-42	324	4	address	address	VERB
emaj-42	324	5	weaknesses	weakness	NOUN
emaj-42	324	6	of	of	ADP
emaj-42	324	7	banking	banking	NOUN
emaj-42	324	8	sector	sector	NOUN
emaj-42	324	9	in	in	ADP
emaj-42	324	10	emerging	emerge	VERB
emaj-42	324	11	countries	country	NOUN
emaj-42	324	12	is	be	AUX
emaj-42	324	13	to	to	PART
emaj-42	324	14	submit	submit	VERB
emaj-42	324	15	banks	bank	NOUN
emaj-42	324	16	to	to	ADP
emaj-42	324	17	market	market	NOUN
emaj-42	324	18	discipline	discipline	NOUN
emaj-42	324	19	.	.	PUNCT
emaj-42	325	1	this	this	PRON
emaj-42	325	2	can	can	AUX
emaj-42	325	3	be	be	AUX
emaj-42	325	4	by	by	ADP
emaj-42	325	5	promoting	promote	VERB
emaj-42	325	6	other	other	ADJ
emaj-42	325	7	financial	financial	ADJ
emaj-42	325	8	intermediaries	intermediary	NOUN
emaj-42	325	9	that	that	PRON
emaj-42	325	10	will	will	AUX
emaj-42	325	11	compete	compete	VERB
emaj-42	325	12	with	with	ADP
emaj-42	325	13	banks	bank	NOUN
emaj-42	325	14	or	or	CCONJ
emaj-42	325	15	by	by	ADP
emaj-42	325	16	developing	develop	VERB
emaj-42	325	17	efficient	efficient	ADJ
emaj-42	325	18	capital	capital	NOUN
emaj-42	325	19	markets	market	NOUN
emaj-42	325	20	so	so	SCONJ
emaj-42	325	21	that	that	SCONJ
emaj-42	325	22	depositors	depositor	NOUN
emaj-42	325	23	receive	receive	VERB
emaj-42	325	24	information	information	NOUN
emaj-42	325	25	and	and	CCONJ
emaj-42	325	26	their	their	PRON
emaj-42	325	27	responses	response	NOUN
emaj-42	325	28	will	will	AUX
emaj-42	325	29	be	be	AUX
emaj-42	325	30	reflected	reflect	VERB
emaj-42	325	31	on	on	ADP
emaj-42	325	32	the	the	DET
emaj-42	325	33	share	share	NOUN
emaj-42	325	34	price	price	NOUN
emaj-42	325	35	of	of	ADP
emaj-42	325	36	the	the	DET
emaj-42	325	37	bank	bank	NOUN
emaj-42	325	38	on	on	ADP
emaj-42	325	39	the	the	DET
emaj-42	325	40	market	market	NOUN
emaj-42	325	41	.	.	PUNCT
emaj-42	326	1	dr	dr	PROPN
emaj-42	326	2	.	.	PROPN
emaj-42	326	3	mehdi	mehdi	PROPN
emaj-42	326	4	mili	mili	PROPN
emaj-42	326	5	,	,	PUNCT
emaj-42	326	6	prof	prof	PROPN
emaj-42	326	7	.	.	PUNCT
emaj-42	326	8	jean	jean	PROPN
emaj-42	326	9	-	-	PUNCT
emaj-42	326	10	michel	michel	PROPN
emaj-42	326	11	sahut	sahut	VERB
emaj-42	326	12	p	p	PRON
emaj-42	326	13	a	a	DET
emaj-42	326	14	g	g	NOUN
emaj-42	326	15	e	e	NOUN
emaj-42	326	16	|	|	ADV
emaj-42	326	17	44|	44|	NUM
emaj-42	326	18	emerging	emerge	VERB
emaj-42	326	19	markets	market	NOUN
emaj-42	326	20	journal	journal	NOUN
emaj-42	326	21	volume	volume	NOUN
emaj-42	326	22	3	3	NUM
emaj-42	326	23	no	no	DET
emaj-42	326	24	2	2	NUM
emaj-42	326	25	(	(	PUNCT
emaj-42	326	26	2013	2013	NUM
emaj-42	326	27	)	)	PUNCT
emaj-42	326	28	|	|	ADV
emaj-42	326	29	issn	issn	VERB
emaj-42	326	30	2158	2158	NUM
emaj-42	326	31	-	-	SYM
emaj-42	326	32	8708	8708	NUM
emaj-42	326	33	(	(	PUNCT
emaj-42	326	34	online	online	NOUN
emaj-42	326	35	)	)	PUNCT
emaj-42	326	36	|	|	ADV
emaj-42	326	37	10.5195	10.5195	NUM
emaj-42	326	38	/	/	SYM
emaj-42	326	39	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	326	40	|	|	ADV
emaj-42	326	41	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-42	326	42	bibliography	bibliography	PROPN
emaj-42	326	43	allen	allen	PROPN
emaj-42	326	44	f.	f.	PROPN
emaj-42	326	45	,	,	PUNCT
emaj-42	326	46	a.hryckiewicz	a.hryckiewicz	VERB
emaj-42	326	47	,	,	PUNCT
emaj-42	326	48	o.kowalewski	o.kowalewski	NOUN
emaj-42	326	49	&	&	CCONJ
emaj-42	326	50	g.tümer	g.tümer	PROPN
emaj-42	326	51	-	-	PUNCT
emaj-42	326	52	alkan	alkan	PROPN
emaj-42	326	53	.	.	PROPN
emaj-42	326	54	2010	2010	NUM
emaj-42	326	55	.	.	PUNCT
emaj-42	327	1	“	"	PUNCT
emaj-42	327	2	transmission	transmission	NOUN
emaj-42	327	3	of	of	ADP
emaj-42	327	4	bank	bank	NOUN
emaj-42	327	5	liquidity	liquidity	NOUN
emaj-42	327	6	shocks	shock	NOUN
emaj-42	327	7	in	in	ADP
emaj-42	327	8	loan	loan	NOUN
emaj-42	327	9	and	and	CCONJ
emaj-42	327	10	deposit	deposit	NOUN
emaj-42	327	11	markets	market	NOUN
emaj-42	327	12	:	:	PUNCT
emaj-42	327	13	the	the	DET
emaj-42	327	14	role	role	NOUN
emaj-42	327	15	of	of	ADP
emaj-42	327	16	interbank	interbank	NOUN
emaj-42	327	17	borrowing	borrowing	NOUN
emaj-42	327	18	and	and	CCONJ
emaj-42	327	19	market	market	NOUN
emaj-42	327	20	monitoring	monitoring	NOUN
emaj-42	327	21	”	"	PUNCT
emaj-42	327	22	wharton	wharton	PROPN
emaj-42	327	23	financial	financial	ADJ
emaj-42	327	24	institutions	institution	NOUN
emaj-42	327	25	center	center	VERB
emaj-42	327	26	working	work	VERB
emaj-42	327	27	paper	paper	NOUN
emaj-42	327	28	10	10	NUM
emaj-42	327	29	-	-	SYM
emaj-42	327	30	28	28	NUM
emaj-42	327	31	arvai	arvai	NOUN
emaj-42	327	32	z.	z.	PROPN
emaj-42	327	33	,	,	PUNCT
emaj-42	327	34	driessen	driessen	PROPN
emaj-42	327	35	k.	k.	PROPN
emaj-42	327	36	and	and	CCONJ
emaj-42	327	37	ötker	ötker	NOUN
emaj-42	327	38	-	-	PUNCT
emaj-42	327	39	robe	robe	NOUN
emaj-42	327	40	i.	i.	NOUN
emaj-42	327	41	2009	2009	NUM
emaj-42	327	42	.	.	PUNCT
emaj-42	328	1	“	"	PUNCT
emaj-42	328	2	regional	regional	ADJ
emaj-42	328	3	financial	financial	ADJ
emaj-42	328	4	interlinkages	interlinkage	NOUN
emaj-42	328	5	and	and	CCONJ
emaj-42	328	6	financial	financial	ADJ
emaj-42	328	7	contagion	contagion	NOUN
emaj-42	328	8	within	within	ADP
emaj-42	328	9	europe	europe	PROPN
emaj-42	328	10	”	"	PUNCT
emaj-42	328	11	,	,	PUNCT
emaj-42	328	12	working	working	NOUN
emaj-42	328	13	paper	paper	NOUN
emaj-42	328	14	,	,	PUNCT
emaj-42	328	15	fmi	fmi	PROPN
emaj-42	328	16	,	,	PUNCT
emaj-42	328	17	n	n	CCONJ
emaj-42	328	18	°	°	PROPN
emaj-42	328	19	09/6	09/6	PROPN
emaj-42	328	20	,	,	PUNCT
emaj-42	328	21	janvier	janvier	PROPN
emaj-42	328	22	.	.	PUNCT
emaj-42	328	23	berger	berger	PROPN
emaj-42	328	24	,	,	PUNCT
emaj-42	328	25	a.	a.	PROPN
emaj-42	328	26	,	,	PUNCT
emaj-42	328	27	1991	1991	NUM
emaj-42	328	28	.	.	PUNCT
emaj-42	329	1	“	"	PUNCT
emaj-42	329	2	market	market	NOUN
emaj-42	329	3	discipline	discipline	NOUN
emaj-42	329	4	in	in	ADP
emaj-42	329	5	banking	banking	NOUN
emaj-42	329	6	,	,	PUNCT
emaj-42	329	7	proceedings	proceeding	NOUN
emaj-42	329	8	of	of	ADP
emaj-42	329	9	a	a	DET
emaj-42	329	10	conference	conference	NOUN
emaj-42	329	11	on	on	ADP
emaj-42	329	12	bank	bank	NOUN
emaj-42	329	13	structure	structure	NOUN
emaj-42	329	14	and	and	CCONJ
emaj-42	329	15	competition	competition	NOUN
emaj-42	329	16	,	,	PUNCT
emaj-42	329	17	federal	federal	PROPN
emaj-42	329	18	reserve	reserve	PROPN
emaj-42	329	19	bank	bank	PROPN
emaj-42	329	20	of	of	ADP
emaj-42	329	21	chicago	chicago	PROPN
emaj-42	329	22	,	,	PUNCT
emaj-42	329	23	pp	pp	PROPN
emaj-42	329	24	.	.	PUNCT
emaj-42	329	25	419	419	NUM
emaj-42	329	26	-	-	SYM
emaj-42	329	27	437	437	NUM
emaj-42	329	28	.	.	PUNCT
emaj-42	330	1	bernanke	bernanke	PROPN
emaj-42	330	2	,	,	PUNCT
emaj-42	330	3	b.	b.	PROPN
emaj-42	330	4	and	and	CCONJ
emaj-42	330	5	h.	h.	PROPN
emaj-42	330	6	james	james	PROPN
emaj-42	330	7	1991	1991	NUM
emaj-42	330	8	.	.	PUNCT
emaj-42	331	1	“	"	PUNCT
emaj-42	331	2	the	the	DET
emaj-42	331	3	gold	gold	ADJ
emaj-42	331	4	standard	standard	NOUN
emaj-42	331	5	,	,	PUNCT
emaj-42	331	6	deflation	deflation	NOUN
emaj-42	331	7	,	,	PUNCT
emaj-42	331	8	and	and	CCONJ
emaj-42	331	9	financial	financial	ADJ
emaj-42	331	10	crisis	crisis	NOUN
emaj-42	331	11	in	in	ADP
emaj-42	331	12	the	the	DET
emaj-42	331	13	great	great	ADJ
emaj-42	331	14	depression	depression	NOUN
emaj-42	331	15	:	:	PUNCT
emaj-42	331	16	an	an	DET
emaj-42	331	17	international	international	ADJ
emaj-42	331	18	comparison	comparison	NOUN
emaj-42	331	19	,	,	PUNCT
emaj-42	331	20	”	"	PUNCT
emaj-42	331	21	financial	financial	ADJ
emaj-42	331	22	markets	market	NOUN
emaj-42	331	23	and	and	CCONJ
emaj-42	331	24	financial	financial	ADJ
emaj-42	331	25	crises	crisis	NOUN
emaj-42	331	26	,	,	PUNCT
emaj-42	331	27	r.	r.	PROPN
emaj-42	331	28	glenn	glenn	PROPN
emaj-42	331	29	hubbard	hubbard	PROPN
emaj-42	331	30	,	,	PUNCT
emaj-42	331	31	ed	ed	NOUN
emaj-42	331	32	.	.	PROPN
emaj-42	331	33	,	,	PUNCT
emaj-42	331	34	chicago	chicago	PROPN
emaj-42	331	35	:	:	PUNCT
emaj-42	331	36	university	university	NOUN
emaj-42	331	37	of	of	ADP
emaj-42	331	38	chicago	chicago	PROPN
emaj-42	331	39	press	press	NOUN
emaj-42	331	40	.	.	PUNCT
emaj-42	332	1	bernanke	bernanke	PROPN
emaj-42	332	2	,	,	PUNCT
emaj-42	332	3	ben	ben	PROPN
emaj-42	332	4	s	s	PROPN
emaj-42	332	5	&	&	CCONJ
emaj-42	332	6	blinder	blinder	PROPN
emaj-42	332	7	,	,	PUNCT
emaj-42	332	8	alan	alan	PROPN
emaj-42	332	9	s	s	PROPN
emaj-42	332	10	,	,	PUNCT
emaj-42	332	11	1988	1988	NUM
emaj-42	332	12	.	.	PUNCT
emaj-42	333	1	“	"	PUNCT
emaj-42	333	2	credit	credit	NOUN
emaj-42	333	3	,	,	PUNCT
emaj-42	333	4	money	money	NOUN
emaj-42	333	5	,	,	PUNCT
emaj-42	333	6	and	and	CCONJ
emaj-42	333	7	aggregate	aggregate	ADJ
emaj-42	333	8	demand	demand	NOUN
emaj-42	333	9	”	"	PUNCT
emaj-42	333	10	,	,	PUNCT
emaj-42	333	11	american	american	PROPN
emaj-42	333	12	economic	economic	PROPN
emaj-42	333	13	review	review	PROPN
emaj-42	333	14	,	,	PUNCT
emaj-42	333	15	american	american	PROPN
emaj-42	333	16	economic	economic	PROPN
emaj-42	333	17	association	association	PROPN
emaj-42	333	18	,	,	PUNCT
emaj-42	333	19	vol	vol	NOUN
emaj-42	333	20	.	.	PUNCT
emaj-42	334	1	78(2	78(2	X
emaj-42	334	2	)	)	PUNCT
emaj-42	335	1	,	,	PUNCT
emaj-42	335	2	pages	page	NOUN
emaj-42	335	3	435	435	NUM
emaj-42	335	4	-	-	SYM
emaj-42	335	5	39	39	NUM
emaj-42	335	6	,	,	PUNCT
emaj-42	335	7	may	may	AUX
emaj-42	335	8	cetorelli	cetorelli	PROPN
emaj-42	335	9	,	,	PUNCT
emaj-42	335	10	n.	n.	PROPN
emaj-42	335	11	and	and	CCONJ
emaj-42	335	12	l.s	l.s	PROPN
emaj-42	335	13	.	.	PROPN
emaj-42	335	14	goldberg	goldberg	PROPN
emaj-42	335	15	,	,	PUNCT
emaj-42	335	16	2012	2012	NUM
emaj-42	335	17	.	.	PUNCT
emaj-42	336	1	“	"	PUNCT
emaj-42	336	2	banking	banking	NOUN
emaj-42	336	3	globalization	globalization	NOUN
emaj-42	336	4	and	and	CCONJ
emaj-42	336	5	monetary	monetary	ADJ
emaj-42	336	6	transmission	transmission	NOUN
emaj-42	336	7	,	,	PUNCT
emaj-42	336	8	”	"	PUNCT
emaj-42	336	9	the	the	DET
emaj-42	336	10	journal	journal	NOUN
emaj-42	336	11	of	of	ADP
emaj-42	336	12	finance	finance	NOUN
emaj-42	336	13	.	.	PUNCT
emaj-42	337	1	volume	volume	NOUN
emaj-42	337	2	67	67	NUM
emaj-42	337	3	,	,	PUNCT
emaj-42	337	4	issue	issue	NOUN
emaj-42	337	5	5	5	NUM
emaj-42	337	6	,	,	PUNCT
emaj-42	337	7	pages	page	NOUN
emaj-42	337	8	1811–1843	1811–1843	NUM
emaj-42	337	9	,	,	PUNCT
emaj-42	337	10	october	october	PROPN
emaj-42	337	11	2012	2012	NUM
emaj-42	337	12	chin	chin	NOUN
emaj-42	337	13	,	,	PUNCT
emaj-42	337	14	1998	1998	NUM
emaj-42	337	15	,	,	PUNCT
emaj-42	337	16	“	"	PUNCT
emaj-42	337	17	the	the	DET
emaj-42	337	18	partial	partial	ADJ
emaj-42	337	19	least	least	ADJ
emaj-42	337	20	squares	square	NOUN
emaj-42	337	21	approach	approach	VERB
emaj-42	337	22	to	to	ADP
emaj-42	337	23	structural	structural	ADJ
emaj-42	337	24	equation	equation	NOUN
emaj-42	337	25	modeling	modeling	NOUN
emaj-42	337	26	.	.	PUNCT
emaj-42	338	1	in	in	ADP
emaj-42	338	2	:	:	PUNCT
emaj-42	338	3	marcoulides	marcoulides	ADV
emaj-42	338	4	ga	ga	PROPN
emaj-42	338	5	(	(	PUNCT
emaj-42	338	6	ed	ed	NOUN
emaj-42	338	7	)	)	PUNCT
emaj-42	338	8	modern	modern	ADJ
emaj-42	338	9	methods	method	NOUN
emaj-42	338	10	for	for	ADP
emaj-42	338	11	business	business	NOUN
emaj-42	338	12	research	research	NOUN
emaj-42	338	13	.	.	PUNCT
emaj-42	339	1	lawrence	lawrence	PROPN
emaj-42	339	2	erlbaum	erlbaum	PROPN
emaj-42	339	3	associates	associates	PROPN
emaj-42	339	4	,	,	PUNCT
emaj-42	339	5	mahwah	mahwah	PROPN
emaj-42	339	6	,	,	PUNCT
emaj-42	339	7	nj	nj	PROPN
emaj-42	339	8	,	,	PUNCT
emaj-42	339	9	pp	pp	ADP
emaj-42	339	10	295–336	295–336	NUM
emaj-42	339	11	claessens	claessen	NOUN
emaj-42	339	12	,	,	PUNCT
emaj-42	339	13	stijn	stijn	PROPN
emaj-42	339	14	and	and	CCONJ
emaj-42	339	15	neeltje	neeltje	VERB
emaj-42	339	16	van	van	PROPN
emaj-42	339	17	horen	horen	PROPN
emaj-42	339	18	,	,	PUNCT
emaj-42	339	19	2009	2009	NUM
emaj-42	339	20	,	,	PUNCT
emaj-42	339	21	“	"	PUNCT
emaj-42	339	22	learning	learn	VERB
emaj-42	339	23	by	by	ADP
emaj-42	339	24	doing	do	VERB
emaj-42	339	25	in	in	ADP
emaj-42	339	26	foreign	foreign	ADJ
emaj-42	339	27	banking	banking	NOUN
emaj-42	339	28	,	,	PUNCT
emaj-42	339	29	”	"	PUNCT
emaj-42	339	30	mimeo	mimeo	NOUN
emaj-42	339	31	,	,	PUNCT
emaj-42	339	32	dnb	dnb	PROPN
emaj-42	339	33	and	and	CCONJ
emaj-42	339	34	imf	imf	PROPN
emaj-42	339	35	de	de	PROPN
emaj-42	339	36	haas	haas	PROPN
emaj-42	339	37	,	,	PUNCT
emaj-42	339	38	r.	r.	PROPN
emaj-42	339	39	and	and	CCONJ
emaj-42	339	40	i.	i.	PROPN
emaj-42	339	41	van	van	PROPN
emaj-42	339	42	lelyveld	lelyveld	PROPN
emaj-42	339	43	,	,	PUNCT
emaj-42	339	44	2010	2010	NUM
emaj-42	339	45	.	.	PUNCT
emaj-42	340	1	“	"	PUNCT
emaj-42	340	2	internal	internal	ADJ
emaj-42	340	3	capital	capital	NOUN
emaj-42	340	4	markets	market	NOUN
emaj-42	340	5	and	and	CCONJ
emaj-42	340	6	lending	lending	NOUN
emaj-42	340	7	by	by	ADP
emaj-42	340	8	multinational	multinational	ADJ
emaj-42	340	9	bank	bank	NOUN
emaj-42	340	10	subsidiaries	subsidiary	NOUN
emaj-42	340	11	,	,	PUNCT
emaj-42	340	12	”	"	PUNCT
emaj-42	340	13	journal	journal	NOUN
emaj-42	340	14	of	of	ADP
emaj-42	340	15	financial	financial	ADJ
emaj-42	340	16	intermediation	intermediation	NOUN
emaj-42	340	17	,	,	PUNCT
emaj-42	340	18	vol	vol	NOUN
emaj-42	340	19	.	.	PROPN
emaj-42	340	20	19(1	19(1	NUM
emaj-42	340	21	)	)	PUNCT
emaj-42	340	22	,	,	PUNCT
emaj-42	340	23	1	1	NUM
emaj-42	340	24	-	-	SYM
emaj-42	340	25	25	25	NUM
emaj-42	340	26	.	.	PUNCT
emaj-42	341	1	de	de	PROPN
emaj-42	341	2	haas	haas	PROPN
emaj-42	341	3	,	,	PUNCT
emaj-42	341	4	r.	r.	PROPN
emaj-42	341	5	and	and	CCONJ
emaj-42	341	6	i.	i.	PROPN
emaj-42	341	7	van	van	PROPN
emaj-42	341	8	lelyveld	lelyveld	PROPN
emaj-42	341	9	,	,	PUNCT
emaj-42	341	10	2006	2006	NUM
emaj-42	341	11	.	.	PUNCT
emaj-42	342	1	“	"	PUNCT
emaj-42	342	2	foreign	foreign	ADJ
emaj-42	342	3	banks	bank	NOUN
emaj-42	342	4	and	and	CCONJ
emaj-42	342	5	credit	credit	NOUN
emaj-42	342	6	stability	stability	NOUN
emaj-42	342	7	in	in	ADP
emaj-42	342	8	central	central	ADJ
emaj-42	342	9	and	and	CCONJ
emaj-42	342	10	eastern	eastern	ADJ
emaj-42	342	11	europe	europe	PROPN
emaj-42	342	12	.	.	PUNCT
emaj-42	343	1	a	a	DET
emaj-42	343	2	panel	panel	NOUN
emaj-42	343	3	data	data	VERB
emaj-42	343	4	analysis	analysis	NOUN
emaj-42	343	5	,	,	PUNCT
emaj-42	343	6	”	"	PUNCT
emaj-42	343	7	journal	journal	NOUN
emaj-42	343	8	of	of	ADP
emaj-42	343	9	banking	banking	NOUN
emaj-42	343	10	and	and	CCONJ
emaj-42	343	11	finance	finance	NOUN
emaj-42	343	12	30	30	NUM
emaj-42	343	13	,	,	PUNCT
emaj-42	343	14	1927	1927	NUM
emaj-42	343	15	–	–	PUNCT
emaj-42	343	16	1952	1952	NUM
emaj-42	343	17	.	.	PUNCT
emaj-42	344	1	de	de	PROPN
emaj-42	344	2	la	la	PROPN
emaj-42	344	3	torre	torre	PROPN
emaj-42	344	4	,	,	PUNCT
emaj-42	344	5	a.	a.	NOUN
emaj-42	344	6	,	,	PUNCT
emaj-42	344	7	levy	levy	PROPN
emaj-42	344	8	yeyati	yeyati	PROPN
emaj-42	344	9	,	,	PUNCT
emaj-42	344	10	e.	e.	PROPN
emaj-42	344	11	,	,	PUNCT
emaj-42	344	12	schmukler	schmukler	PROPN
emaj-42	344	13	,	,	PUNCT
emaj-42	344	14	s.	s.	PROPN
emaj-42	344	15	,	,	PUNCT
emaj-42	344	16	2003	2003	NUM
emaj-42	344	17	.	.	PUNCT
emaj-42	345	1	“	"	PUNCT
emaj-42	345	2	living	live	VERB
emaj-42	345	3	and	and	CCONJ
emaj-42	345	4	dying	die	VERB
emaj-42	345	5	with	with	ADP
emaj-42	345	6	hard	hard	ADJ
emaj-42	345	7	pegs	peg	NOUN
emaj-42	345	8	:	:	PUNCT
emaj-42	345	9	the	the	DET
emaj-42	345	10	rise	rise	NOUN
emaj-42	345	11	and	and	CCONJ
emaj-42	345	12	fall	fall	NOUN
emaj-42	345	13	of	of	ADP
emaj-42	345	14	argentina	argentina	PROPN
emaj-42	345	15	’s	’s	PART
emaj-42	345	16	.	.	PUNCT
emaj-42	345	17	”	"	PUNCT
emaj-42	345	18	currency	currency	NOUN
emaj-42	345	19	board	board	NOUN
emaj-42	345	20	.	.	PUNCT
emaj-42	346	1	economia	economia	PROPN
emaj-42	346	2	spring	spring	PROPN
emaj-42	346	3	2003	2003	NUM
emaj-42	346	4	,	,	PUNCT
emaj-42	346	5	43–107	43–107	PROPN
emaj-42	346	6	.	.	PUNCT
emaj-42	346	7	diamond	diamond	NOUN
emaj-42	346	8	,	,	PUNCT
emaj-42	346	9	douglasw	douglasw	NOUN
emaj-42	346	10	.	.	PUNCT
emaj-42	346	11	,	,	PUNCT
emaj-42	346	12	and	and	CCONJ
emaj-42	346	13	philip	philip	PROPN
emaj-42	346	14	h.	h.	PROPN
emaj-42	346	15	dybvig	dybvig	PROPN
emaj-42	346	16	.	.	PUNCT
emaj-42	347	1	1983	1983	NUM
emaj-42	347	2	.	.	PUNCT
emaj-42	348	1	“	"	PUNCT
emaj-42	348	2	bank	bank	NOUN
emaj-42	348	3	runs	run	NOUN
emaj-42	348	4	,	,	PUNCT
emaj-42	348	5	deposit	deposit	NOUN
emaj-42	348	6	insurance	insurance	NOUN
emaj-42	348	7	,	,	PUNCT
emaj-42	348	8	and	and	CCONJ
emaj-42	348	9	liquidity	liquidity	NOUN
emaj-42	348	10	.	.	PUNCT
emaj-42	348	11	”	"	PUNCT
emaj-42	348	12	journal	journal	NOUN
emaj-42	348	13	of	of	ADP
emaj-42	348	14	political	political	ADJ
emaj-42	348	15	economy	economy	NOUN
emaj-42	348	16	91	91	NUM
emaj-42	348	17	(	(	PUNCT
emaj-42	348	18	5	5	NUM
emaj-42	348	19	):	):	PUNCT
emaj-42	348	20	401–19	401–19	NOUN
emaj-42	348	21	.	.	PUNCT
emaj-42	349	1	efron	efron	PROPN
emaj-42	349	2	b	b	PROPN
emaj-42	349	3	,	,	PUNCT
emaj-42	349	4	tibshirani	tibshirani	PROPN
emaj-42	349	5	rj	rj	PROPN
emaj-42	349	6	.	.	PROPN
emaj-42	349	7	1993	1993	NUM
emaj-42	349	8	,	,	PUNCT
emaj-42	349	9	“	"	PUNCT
emaj-42	349	10	an	an	DET
emaj-42	349	11	introduction	introduction	NOUN
emaj-42	349	12	to	to	ADP
emaj-42	349	13	the	the	DET
emaj-42	349	14	bootstrap	bootstrap	NOUN
emaj-42	349	15	.	.	PUNCT
emaj-42	350	1	chapman	chapman	PROPN
emaj-42	350	2	and	and	CCONJ
emaj-42	350	3	hall	hall	PROPN
emaj-42	350	4	,	,	PUNCT
emaj-42	350	5	new	new	PROPN
emaj-42	350	6	york	york	PROPN
emaj-42	350	7	,	,	PUNCT
emaj-42	350	8	ny	ny	PROPN
emaj-42	350	9	esposito	esposito	PROPN
emaj-42	350	10	vinzi	vinzi	PROPN
emaj-42	350	11	,	,	PUNCT
emaj-42	350	12	v.	v.	ADP
emaj-42	350	13	,	,	PUNCT
emaj-42	350	14	2008	2008	NUM
emaj-42	350	15	,	,	PUNCT
emaj-42	350	16	“	"	PUNCT
emaj-42	350	17	the	the	DET
emaj-42	350	18	contribution	contribution	NOUN
emaj-42	350	19	of	of	ADP
emaj-42	350	20	pls	pls	INTJ
emaj-42	350	21	regression	regression	NOUN
emaj-42	350	22	to	to	PART
emaj-42	350	23	pls	pls	VERB
emaj-42	350	24	path	path	NOUN
emaj-42	350	25	modelling	modelling	NOUN
emaj-42	350	26	:	:	PUNCT
emaj-42	350	27	formative	formative	ADJ
emaj-42	350	28	measurement	measurement	NOUN
emaj-42	350	29	model	model	NOUN
emaj-42	350	30	and	and	CCONJ
emaj-42	350	31	causality	causality	NOUN
emaj-42	350	32	network	network	NOUN
emaj-42	350	33	in	in	ADP
emaj-42	350	34	the	the	DET
emaj-42	350	35	structural	structural	ADJ
emaj-42	350	36	model	model	NOUN
emaj-42	350	37	.	.	PUNCT
emaj-42	350	38	”	"	PUNCT
emaj-42	351	1	in	in	ADP
emaj-42	351	2	:	:	PUNCT
emaj-42	351	3	joint	joint	ADJ
emaj-42	351	4	statistical	statistical	ADJ
emaj-42	351	5	meetings	meeting	NOUN
emaj-42	351	6	(	(	PUNCT
emaj-42	351	7	jsm	jsm	PROPN
emaj-42	351	8	)	)	PUNCT
emaj-42	351	9	2008	2008	NUM
emaj-42	351	10	,	,	PUNCT
emaj-42	351	11	american	american	PROPN
emaj-42	351	12	statistical	statistical	PROPN
emaj-42	351	13	association	association	PROPN
emaj-42	351	14	,	,	PUNCT
emaj-42	351	15	denver	denver	PROPN
emaj-42	351	16	,	,	PUNCT
emaj-42	351	17	colorado	colorado	PROPN
emaj-42	351	18	,	,	PUNCT
emaj-42	351	19	united	united	PROPN
emaj-42	351	20	states	states	PROPN
emaj-42	351	21	of	of	ADP
emaj-42	351	22	america	america	PROPN
emaj-42	351	23	,	,	PUNCT
emaj-42	351	24	august	august	PROPN
emaj-42	351	25	7th	7th	NOUN
emaj-42	351	26	2008	2008	NUM
emaj-42	351	27	.	.	PUNCT
emaj-42	352	1	gambacorta	gambacorta	PROPN
emaj-42	352	2	,	,	PUNCT
emaj-42	352	3	l.	l.	PROPN
emaj-42	352	4	2005	2005	NUM
emaj-42	352	5	.	.	PUNCT
emaj-42	353	1	“	"	PUNCT
emaj-42	353	2	inside	inside	ADP
emaj-42	353	3	the	the	DET
emaj-42	353	4	bank	bank	NOUN
emaj-42	353	5	lending	lending	NOUN
emaj-42	353	6	channel	channel	NOUN
emaj-42	353	7	”	"	PUNCT
emaj-42	353	8	,	,	PUNCT
emaj-42	353	9	european	european	PROPN
emaj-42	353	10	economic	economic	PROPN
emaj-42	353	11	review	review	PROPN
emaj-42	353	12	,	,	PUNCT
emaj-42	353	13	49	49	NUM
emaj-42	353	14	,	,	PUNCT
emaj-42	353	15	1737	1737	NUM
emaj-42	353	16	-	-	SYM
emaj-42	353	17	59	59	NUM
emaj-42	353	18	.	.	PUNCT
emaj-42	353	19	herring	herring	PROPN
emaj-42	353	20	,	,	PUNCT
emaj-42	353	21	r.j	r.j	PROPN
emaj-42	353	22	.	.	PROPN
emaj-42	353	23	,	,	PUNCT
emaj-42	353	24	2007	2007	NUM
emaj-42	353	25	.	.	PUNCT
emaj-42	354	1	“	"	PUNCT
emaj-42	354	2	conflicts	conflict	NOUN
emaj-42	354	3	between	between	ADP
emaj-42	354	4	home	home	NOUN
emaj-42	354	5	&	&	CCONJ
emaj-42	354	6	host	host	PROPN
emaj-42	354	7	country	country	PROPN
emaj-42	354	8	prudential	prudential	PROPN
emaj-42	354	9	supervisors	supervisor	NOUN
emaj-42	354	10	,	,	PUNCT
emaj-42	354	11	”	"	PUNCT
emaj-42	354	12	wharton	wharton	PROPN
emaj-42	354	13	financial	financial	ADJ
emaj-42	354	14	institution	institution	NOUN
emaj-42	354	15	center	center	NOUN
emaj-42	354	16	working	work	VERB
emaj-42	354	17	paper	paper	NOUN
emaj-42	354	18	07	07	NUM
emaj-42	354	19	-	-	SYM
emaj-42	354	20	33	33	NUM
emaj-42	354	21	.	.	PUNCT
emaj-42	355	1	jacklin	jacklin	PROPN
emaj-42	355	2	,	,	PUNCT
emaj-42	355	3	charles	charles	PROPN
emaj-42	355	4	j.	j.	PROPN
emaj-42	355	5	,	,	PUNCT
emaj-42	355	6	and	and	CCONJ
emaj-42	355	7	sudipto	sudipto	PROPN
emaj-42	355	8	bhattacharya	bhattacharya	PROPN
emaj-42	355	9	.	.	PUNCT
emaj-42	355	10	1988	1988	NUM
emaj-42	355	11	.	.	PUNCT
emaj-42	356	1	“	"	PUNCT
emaj-42	356	2	distinguishing	distinguish	VERB
emaj-42	356	3	panics	panic	NOUN
emaj-42	356	4	and	and	CCONJ
emaj-42	356	5	information	information	NOUN
emaj-42	356	6	-	-	PUNCT
emaj-42	356	7	based	base	VERB
emaj-42	356	8	bank	bank	NOUN
emaj-42	356	9	runs	run	NOUN
emaj-42	356	10	:	:	PUNCT
emaj-42	356	11	welfare	welfare	NOUN
emaj-42	356	12	and	and	CCONJ
emaj-42	356	13	policy	policy	NOUN
emaj-42	356	14	implications	implication	NOUN
emaj-42	356	15	.	.	PUNCT
emaj-42	356	16	”	"	PUNCT
emaj-42	356	17	journal	journal	NOUN
emaj-42	356	18	of	of	ADP
emaj-42	356	19	political	political	ADJ
emaj-42	356	20	economy	economy	NOUN
emaj-42	356	21	96	96	NUM
emaj-42	356	22	(	(	PUNCT
emaj-42	356	23	june	june	PROPN
emaj-42	356	24	1988	1988	NUM
emaj-42	356	25	):	):	PUNCT
emaj-42	356	26	568–92	568–92	PROPN
emaj-42	356	27	.	.	PUNCT
emaj-42	357	1	kia	kia	PROPN
emaj-42	357	2	,	,	PUNCT
emaj-42	357	3	amir	amir	PROPN
emaj-42	357	4	and	and	CCONJ
emaj-42	357	5	ali	ali	PROPN
emaj-42	357	6	f.	f.	PROPN
emaj-42	357	7	darrat	darrat	PROPN
emaj-42	357	8	2007	2007	NUM
emaj-42	357	9	,	,	PUNCT
emaj-42	357	10	“	"	PUNCT
emaj-42	357	11	modeling	model	VERB
emaj-42	357	12	money	money	NOUN
emaj-42	357	13	demand	demand	NOUN
emaj-42	357	14	under	under	ADP
emaj-42	357	15	the	the	DET
emaj-42	357	16	profit	profit	NOUN
emaj-42	357	17	-	-	PUNCT
emaj-42	357	18	sharing	share	VERB
emaj-42	357	19	banking	banking	NOUN
emaj-42	357	20	scheme	scheme	NOUN
emaj-42	357	21	:	:	PUNCT
emaj-42	357	22	some	some	DET
emaj-42	357	23	evidence	evidence	NOUN
emaj-42	357	24	on	on	ADP
emaj-42	357	25	policy	policy	NOUN
emaj-42	357	26	invariance	invariance	NOUN
emaj-42	357	27	and	and	CCONJ
emaj-42	357	28	long	long	ADV
emaj-42	357	29	-	-	PUNCT
emaj-42	357	30	run	run	NOUN
emaj-42	357	31	stability	stability	NOUN
emaj-42	357	32	”	"	PUNCT
emaj-42	357	33	,	,	PUNCT
emaj-42	357	34	global	global	ADJ
emaj-42	357	35	finance	finance	NOUN
emaj-42	357	36	journal	journal	NOUN
emaj-42	357	37	,	,	PUNCT
emaj-42	357	38	vol	vol	NOUN
emaj-42	357	39	.	.	PROPN
emaj-42	357	40	18	18	NUM
emaj-42	357	41	,	,	PUNCT
emaj-42	357	42	pp.104	pp.104	NOUN
emaj-42	357	43	-	-	PUNCT
emaj-42	357	44	123	123	NUM
emaj-42	357	45	.	.	PUNCT
emaj-42	358	1	klapper	klapper	NOUN
emaj-42	358	2	,	,	PUNCT
emaj-42	358	3	l.	l.	PROPN
emaj-42	358	4	f.	f.	PROPN
emaj-42	358	5	and	and	CCONJ
emaj-42	358	6	love	love	PROPN
emaj-42	358	7	,	,	PUNCT
emaj-42	358	8	i.	i.	NOUN
emaj-42	358	9	,	,	PUNCT
emaj-42	358	10	2004	2004	NUM
emaj-42	358	11	,	,	PUNCT
emaj-42	358	12	“	"	PUNCT
emaj-42	358	13	corporate	corporate	ADJ
emaj-42	358	14	governance	governance	NOUN
emaj-42	358	15	,	,	PUNCT
emaj-42	358	16	investor	investor	NOUN
emaj-42	358	17	protection	protection	NOUN
emaj-42	358	18	,	,	PUNCT
emaj-42	358	19	and	and	CCONJ
emaj-42	358	20	performance	performance	NOUN
emaj-42	358	21	in	in	ADP
emaj-42	358	22	emerging	emerge	VERB
emaj-42	358	23	markets	market	NOUN
emaj-42	358	24	.	.	PUNCT
emaj-42	358	25	”	"	PUNCT
emaj-42	359	1	journal	journal	NOUN
emaj-42	359	2	of	of	ADP
emaj-42	359	3	corporate	corporate	ADJ
emaj-42	359	4	finance	finance	NOUN
emaj-42	359	5	,	,	PUNCT
emaj-42	359	6	10	10	NUM
emaj-42	359	7	,	,	PUNCT
emaj-42	359	8	pp	pp	ADJ
emaj-42	359	9	.	.	PUNCT
emaj-42	360	1	703	703	NUM
emaj-42	360	2	-	-	SYM
emaj-42	360	3	728	728	NUM
emaj-42	360	4	.	.	PUNCT
emaj-42	361	1	loupias	loupias	PROPN
emaj-42	361	2	c.	c.	PROPN
emaj-42	361	3	,	,	PUNCT
emaj-42	361	4	f.	f.	PROPN
emaj-42	361	5	savignac	savignac	PROPN
emaj-42	361	6	et	et	PROPN
emaj-42	361	7	p.	p.	NOUN
emaj-42	361	8	sevestre	sevestre	NOUN
emaj-42	361	9	,	,	PUNCT
emaj-42	361	10	2003	2003	NUM
emaj-42	361	11	.	.	PUNCT
emaj-42	362	1	“	"	PUNCT
emaj-42	362	2	monetary	monetary	ADJ
emaj-42	362	3	policy	policy	NOUN
emaj-42	362	4	and	and	CCONJ
emaj-42	362	5	the	the	DET
emaj-42	362	6	bank	bank	NOUN
emaj-42	362	7	lending	lending	NOUN
emaj-42	362	8	channel	channel	NOUN
emaj-42	362	9	in	in	ADP
emaj-42	362	10	france	france	PROPN
emaj-42	362	11	:	:	PUNCT
emaj-42	362	12	are	be	AUX
emaj-42	362	13	there	there	PRON
emaj-42	362	14	asymmetries	asymmetry	NOUN
emaj-42	362	15	?	?	PUNCT
emaj-42	362	16	”	"	PUNCT
emaj-42	362	17	,	,	PUNCT
emaj-42	362	18	in	in	ADP
emaj-42	362	19	monetary	monetary	ADJ
emaj-42	362	20	transmission	transmission	NOUN
emaj-42	362	21	in	in	ADP
emaj-42	362	22	the	the	DET
emaj-42	362	23	euro	euro	PROPN
emaj-42	362	24	area	area	NOUN
emaj-42	362	25	,	,	PUNCT
emaj-42	362	26	eds	eds	PROPN
emaj-42	362	27	i.	i.	PROPN
emaj-42	362	28	angeloni	angeloni	PROPN
emaj-42	362	29	,	,	PUNCT
emaj-42	362	30	b.	b.	PROPN
emaj-42	362	31	mojon	mojon	PROPN
emaj-42	362	32	et	et	PROPN
emaj-42	362	33	a.	a.	PROPN
emaj-42	362	34	kashyap	kashyap	PROPN
emaj-42	362	35	,	,	PUNCT
emaj-42	362	36	cambridge	cambridge	PROPN
emaj-42	362	37	university	university	PROPN
emaj-42	362	38	press	press	NOUN
emaj-42	362	39	.	.	PUNCT
emaj-42	363	1	martinez	martinez	PROPN
emaj-42	363	2	peria	peria	PROPN
emaj-42	363	3	,	,	PUNCT
emaj-42	363	4	m.s	m.s	PROPN
emaj-42	363	5	.	.	PROPN
emaj-42	363	6	,	,	PUNCT
emaj-42	363	7	a.	a.	NOUN
emaj-42	363	8	powell	powell	PROPN
emaj-42	363	9	,	,	PUNCT
emaj-42	363	10	and	and	CCONJ
emaj-42	363	11	i.	i.	PROPN
emaj-42	363	12	vladkova	vladkova	VERB
emaj-42	363	13	hollar	hollar	PROPN
emaj-42	363	14	,	,	PUNCT
emaj-42	363	15	2002	2002	NUM
emaj-42	363	16	,	,	PUNCT
emaj-42	363	17	“	"	PUNCT
emaj-42	363	18	banking	bank	VERB
emaj-42	363	19	on	on	ADP
emaj-42	363	20	foreigners	foreigner	NOUN
emaj-42	363	21	:	:	PUNCT
emaj-42	363	22	the	the	DET
emaj-42	363	23	behavior	behavior	NOUN
emaj-42	363	24	of	of	ADP
emaj-42	363	25	international	international	PROPN
emaj-42	363	26	bank	bank	PROPN
emaj-42	363	27	lending	lending	NOUN
emaj-42	363	28	to	to	ADP
emaj-42	363	29	latin	latin	PROPN
emaj-42	363	30	america	america	PROPN
emaj-42	363	31	,	,	PUNCT
emaj-42	363	32	1985–2000	1985–2000	NUM
emaj-42	363	33	,	,	PUNCT
emaj-42	363	34	”	"	PUNCT
emaj-42	363	35	world	world	NOUN
emaj-42	363	36	bank	bank	PROPN
emaj-42	363	37	working	working	PROPN
emaj-42	363	38	paper	paper	NOUN
emaj-42	363	39	no	no	NOUN
emaj-42	363	40	.	.	PROPN
emaj-42	363	41	2893	2893	NUM
emaj-42	363	42	.	.	PUNCT
emaj-42	364	1	world	world	PROPN
emaj-42	364	2	bank	bank	PROPN
emaj-42	364	3	,	,	PUNCT
emaj-42	364	4	washington	washington	PROPN
emaj-42	364	5	,	,	PUNCT
emaj-42	364	6	dc	dc	PROPN
emaj-42	364	7	.	.	PUNCT
emaj-42	364	8	mitton	mitton	PROPN
emaj-42	364	9	,	,	PUNCT
emaj-42	364	10	t.	t.	PROPN
emaj-42	364	11	2002	2002	NUM
emaj-42	364	12	,	,	PUNCT
emaj-42	364	13	“	"	PUNCT
emaj-42	364	14	a	a	DET
emaj-42	364	15	cross	cross	ADJ
emaj-42	364	16	-	-	ADJ
emaj-42	364	17	firm	firm	ADJ
emaj-42	364	18	analysis	analysis	NOUN
emaj-42	364	19	of	of	ADP
emaj-42	364	20	the	the	DET
emaj-42	364	21	impact	impact	NOUN
emaj-42	364	22	of	of	ADP
emaj-42	364	23	corporate	corporate	ADJ
emaj-42	364	24	governance	governance	NOUN
emaj-42	364	25	on	on	ADP
emaj-42	364	26	the	the	DET
emaj-42	364	27	east	east	ADJ
emaj-42	364	28	asian	asian	ADJ
emaj-42	364	29	financial	financial	ADJ
emaj-42	364	30	crisis	crisis	NOUN
emaj-42	364	31	.	.	PUNCT
emaj-42	365	1	journal	journal	NOUN
emaj-42	365	2	of	of	ADP
emaj-42	365	3	financial	financial	ADJ
emaj-42	365	4	economics	economic	NOUN
emaj-42	365	5	,	,	PUNCT
emaj-42	365	6	64	64	NUM
emaj-42	365	7	,	,	PUNCT
emaj-42	365	8	pp	pp	ADJ
emaj-42	365	9	.	.	PUNCT
emaj-42	366	1	215241	215241	NUM
emaj-42	366	2	.	.	PUNCT
emaj-42	367	1	determinants	determinant	NOUN
emaj-42	367	2	of	of	ADP
emaj-42	367	3	loans	loan	NOUN
emaj-42	367	4	and	and	CCONJ
emaj-42	367	5	deposits	deposit	NOUN
emaj-42	367	6	strategies	strategy	NOUN
emaj-42	367	7	of	of	ADP
emaj-42	367	8	foreign	foreign	ADJ
emaj-42	367	9	bank	bank	NOUN
emaj-42	367	10	subsidiaries	subsidiary	NOUN
emaj-42	367	11	in	in	ADP
emaj-42	367	12	emerging	emerge	VERB
emaj-42	367	13	countries	country	NOUN
emaj-42	367	14	emerging	emerge	VERB
emaj-42	367	15	markets	market	NOUN
emaj-42	367	16	journal	journal	NOUN
emaj-42	367	17	|	|	ADV
emaj-42	367	18	p	p	NOUN
emaj-42	367	19	a	a	DET
emaj-42	367	20	g	g	NOUN
emaj-42	367	21	e	e	NOUN
emaj-42	367	22	|45	|45	NUM
emaj-42	367	23	volume	volume	NOUN
emaj-42	367	24	3	3	NUM
emaj-42	367	25	no	no	DET
emaj-42	367	26	2	2	NUM
emaj-42	367	27	(	(	PUNCT
emaj-42	367	28	2013	2013	NUM
emaj-42	367	29	)	)	PUNCT
emaj-42	367	30	|	|	ADV
emaj-42	367	31	issn	issn	VERB
emaj-42	367	32	2158	2158	NUM
emaj-42	367	33	-	-	SYM
emaj-42	367	34	8708	8708	NUM
emaj-42	367	35	(	(	PUNCT
emaj-42	367	36	online	online	NOUN
emaj-42	367	37	)	)	PUNCT
emaj-42	367	38	|	|	ADV
emaj-42	367	39	10.5195	10.5195	NUM
emaj-42	367	40	/	/	SYM
emaj-42	367	41	emaj.2013.42	emaj.2013.42	NOUN
emaj-42	367	42	|	|	ADV
emaj-42	367	43	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-42	367	44	peek	peek	PROPN
emaj-42	367	45	,	,	PUNCT
emaj-42	367	46	j.	j.	PROPN
emaj-42	367	47	and	and	CCONJ
emaj-42	367	48	e.	e.	PROPN
emaj-42	367	49	rosengren	rosengren	PROPN
emaj-42	367	50	,	,	PUNCT
emaj-42	367	51	1997	1997	NUM
emaj-42	367	52	,	,	PUNCT
emaj-42	367	53	“	"	PUNCT
emaj-42	367	54	collateral	collateral	ADJ
emaj-42	367	55	damage	damage	NOUN
emaj-42	367	56	:	:	PUNCT
emaj-42	367	57	effects	effect	NOUN
emaj-42	367	58	of	of	ADP
emaj-42	367	59	the	the	DET
emaj-42	367	60	japanese	japanese	ADJ
emaj-42	367	61	real	real	ADJ
emaj-42	367	62	estate	estate	NOUN
emaj-42	367	63	collapse	collapse	NOUN
emaj-42	367	64	on	on	ADP
emaj-42	367	65	credit	credit	NOUN
emaj-42	367	66	availability	availability	NOUN
emaj-42	367	67	and	and	CCONJ
emaj-42	367	68	real	real	ADJ
emaj-42	367	69	activity	activity	NOUN
emaj-42	367	70	in	in	ADP
emaj-42	367	71	the	the	DET
emaj-42	367	72	united	united	PROPN
emaj-42	367	73	states	states	PROPN
emaj-42	367	74	,	,	PUNCT
emaj-42	367	75	”	"	PUNCT
emaj-42	367	76	american	american	PROPN
emaj-42	367	77	economic	economic	PROPN
emaj-42	367	78	review	review	NOUN
emaj-42	367	79	90	90	NUM
emaj-42	367	80	,	,	PUNCT
emaj-42	367	81	septembre	septembre	PROPN
emaj-42	367	82	1987	1987	NUM
emaj-42	367	83	,	,	PUNCT
emaj-42	367	84	p	p	PROPN
emaj-42	367	85	495505	495505	NUM
emaj-42	367	86	.	.	PUNCT
emaj-42	368	1	schnabl	schnabl	PROPN
emaj-42	368	2	,	,	PUNCT
emaj-42	368	3	philipp	philipp	PROPN
emaj-42	368	4	.	.	PUNCT
emaj-42	369	1	2011	2011	NUM
emaj-42	369	2	.	.	PUNCT
emaj-42	370	1	“	"	PUNCT
emaj-42	370	2	the	the	DET
emaj-42	370	3	international	international	ADJ
emaj-42	370	4	transmission	transmission	NOUN
emaj-42	370	5	of	of	ADP
emaj-42	370	6	bank	bank	NOUN
emaj-42	370	7	liquidity	liquidity	NOUN
emaj-42	370	8	shocks	shock	NOUN
emaj-42	370	9	:	:	PUNCT
emaj-42	370	10	evidence	evidence	NOUN
emaj-42	370	11	from	from	ADP
emaj-42	370	12	an	an	DET
emaj-42	370	13	emerging	emerge	VERB
emaj-42	370	14	market	market	NOUN
emaj-42	370	15	.	.	PUNCT
emaj-42	370	16	”	"	PUNCT
emaj-42	371	1	journal	journal	NOUN
emaj-42	371	2	of	of	ADP
emaj-42	371	3	finance	finance	NOUN
emaj-42	371	4	,	,	PUNCT
emaj-42	371	5	volume	volume	NOUN
emaj-42	371	6	:	:	PUNCT
emaj-42	371	7	lxvii	lxvii	NOUN
emaj-42	371	8	,	,	PUNCT
emaj-42	371	9	issue	issue	NOUN
emaj-42	371	10	:	:	PUNCT
emaj-42	371	11	3	3	NUM
emaj-42	371	12	,	,	PUNCT
emaj-42	371	13	pages	page	NOUN
emaj-42	371	14	:	:	PUNCT
emaj-42	371	15	897	897	NUM
emaj-42	371	16	-	-	SYM
emaj-42	371	17	932	932	NUM
emaj-42	371	18	stein	stein	PROPN
emaj-42	371	19	,	,	PUNCT
emaj-42	371	20	j.	j.	PROPN
emaj-42	371	21	c.	c.	PROPN
emaj-42	371	22	(	(	PUNCT
emaj-42	371	23	1997	1997	NUM
emaj-42	371	24	)	)	PUNCT
emaj-42	371	25	,	,	PUNCT
emaj-42	371	26	“	"	PUNCT
emaj-42	371	27	internal	internal	ADJ
emaj-42	371	28	capital	capital	NOUN
emaj-42	371	29	markets	market	NOUN
emaj-42	371	30	and	and	CCONJ
emaj-42	371	31	the	the	DET
emaj-42	371	32	competition	competition	NOUN
emaj-42	371	33	for	for	ADP
emaj-42	371	34	corporate	corporate	ADJ
emaj-42	371	35	resources	resource	NOUN
emaj-42	371	36	.	.	PUNCT
emaj-42	371	37	”	"	PUNCT
emaj-42	372	1	journal	journal	NOUN
emaj-42	372	2	of	of	ADP
emaj-42	372	3	finance	finance	NOUN
emaj-42	372	4	,	,	PUNCT
emaj-42	372	5	vol	vol	NOUN
emaj-42	372	6	.	.	PROPN
emaj-42	372	7	52	52	NUM
emaj-42	372	8	,	,	PUNCT
emaj-42	372	9	pp	pp	ADJ
emaj-42	372	10	.	.	PUNCT
emaj-42	373	1	111–133	111–133	NUM
emaj-42	373	2	.	.	PUNCT
emaj-42	373	3	tenehaus	tenehaus	PROPN
emaj-42	373	4	,	,	PUNCT
emaj-42	373	5	m.	m.	NOUN
emaj-42	373	6	1998	1998	NUM
emaj-42	373	7	,	,	PUNCT
emaj-42	373	8	“	"	PUNCT
emaj-42	373	9	la	la	DET
emaj-42	373	10	régression	régression	NOUN
emaj-42	373	11	pls	pls	INTJ
emaj-42	373	12	:	:	PUNCT
emaj-42	373	13	théorie	théorie	PROPN
emaj-42	373	14	et	et	PROPN
emaj-42	373	15	pratique	pratique	PROPN
emaj-42	373	16	”	"	PUNCT
emaj-42	373	17	.	.	PUNCT
emaj-42	374	1	editons	editon	NOUN
emaj-42	374	2	technip	technip	PROPN
emaj-42	374	3	,	,	PUNCT
emaj-42	374	4	paris	paris	PROPN
emaj-42	374	5	.	.	PUNCT
emaj-42	375	1	(	(	PUNCT
emaj-42	375	2	in	in	ADP
emaj-42	375	3	french	french	ADJ
emaj-42	375	4	)	)	PUNCT
emaj-42	375	5	werts	wert	VERB
emaj-42	375	6	ce	ce	PROPN
emaj-42	375	7	,	,	PUNCT
emaj-42	375	8	linn	linn	PROPN
emaj-42	375	9	rl	rl	PROPN
emaj-42	375	10	,	,	PUNCT
emaj-42	375	11	jöreskog	jöreskog	PROPN
emaj-42	375	12	kg	kg	PROPN
emaj-42	375	13	1974	1974	NUM
emaj-42	375	14	,	,	PUNCT
emaj-42	375	15	“	"	PUNCT
emaj-42	375	16	intraclass	intraclass	ADJ
emaj-42	375	17	reliability	reliability	NOUN
emaj-42	375	18	estimates	estimate	NOUN
emaj-42	375	19	:	:	PUNCT
emaj-42	375	20	testing	test	VERB
emaj-42	375	21	structural	structural	ADJ
emaj-42	375	22	assumptions	assumption	NOUN
emaj-42	375	23	”	"	PUNCT
emaj-42	375	24	.	.	PUNCT
emaj-42	376	1	educ	educ	PROPN
emaj-42	376	2	psychol	psychol	NOUN
emaj-42	376	3	meas	meas	PROPN
emaj-42	376	4	34(1):25	34(1):25	PROPN
emaj-42	376	5	–	–	PUNCT
emaj-42	376	6	33	33	NUM