BOLD fMRI is a popular tool for studying brain function due to its non-invasive nature and the ability to provide high spatial resolution across the brain. However, the BOLD contrast is not a direct measure of neuronal activity and can also be used to interrogate vascular properties of the brain. Here we will explore the physical and physiological mechanisms which generate the BOLD signal. With this knowledge we will briefly explore how a given BOLD signal could have been generated in many different ways; and methods to disentangle this information; highlighting the opportunities and challenges BOLD contrast offers.
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