• 

  Market imperfection - Journal Vol. 14

•  Letter from Rob Heyvaert
•  Letter from Shahin Shojai, Editor

THE NOBEL LAUREATE VIEW

•   A perspective on the efficiency of the financial markets
  
  Harry M. Markowitz, CEO, Harry Markowitz Co. Joint Winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1990
•   Fatal imbalance How the current pharmaceutical research and development model is failing the world s poor
  
  Rowan Gillies, International President, Mèdecins Sans Frontières (Recipient of Nobel Peace Prize, 1999)

INSTITUTIONAL

•   Trading in distressed debt Game theory between buyers and sellers (Opinion)
  
  Martin Rowe, Managing Director, Euristix Ltd.
•   Electronic payment The missing link in supply chain efficiency (Opinion)
  
  Aliza Knox, Senior Vice President, Commercial Solutions, Visa International
•   STP Solutions are only half the story (Opinion)
  
  Mark Snowdon, Head of Custody Sales, The Bank of New York
•   Growing demand, growing volumes, the OTC derivatives market challenge (Opinion)
  
  Andrew Dixon, Managing Principal, Capco
  David Myers, Partner, Capco
•   Options on funds_Bridging the gap between financial and actuarial pricing (Opinion)
  
  Nicolas Gaussel, Head of Structuring, SGAM Alternative Investment
•   Achieving best execution in securities markets
  
  Wayne H. Wagner, Chairman, Plexus Group Inc.
•   Financial market imperfection and precautionary overinvestment
  
  Christian Calmès, Dèpartement des sciences administratives, Universitè du Quèbec en Outaouais
•   The new wave of liquidity Impact of friction
  
  Nayantara Hensel, Graduate School of Business and Public Policy, U.S. Naval Postgraduate School, and Stern School of Business, New York University

MARKET

•   An empirical analysis of recent IPO pricing patterns in the US (Opinion)
  
  Nayantara Hensel, Graduate School of Business and Public Policy, U.S. Naval Postgraduate School, and Stern School of Business, New York University
•   Market imperfections, securities lending, and short selling (Opinion)
  
  James Clunie, Lecturer in Finance, University of Edinburgh
•   Fragmentation and market integration in the European investment fund industry (Opinion)
  
  Wolfgang Mansfeld, Member of the Board, Union Asset Management Holding
•   The European residential property market A series of structural anomalies (Opinion)
  
  John Smullen, Greenwich Business School
  Keith MacDonald, Partner, Capco
•   European financial exchanges (Opinion)
  
  Paul Arlman, Secretary General, Federation of European Securities Exchanges
  Michal Wiktorowicz, Research Adviser, Federation of European Securities Exchanges
•   The impact of automation on the cost of transacting in futures markets
  
  Luke Bortoli, PhD Candidate, School of Business, Faculty of Economics and Business, University of Sydney, NSW
  Alex Frino, Professor and Head of Finance Discipline, School of Business, Faculty of Economics and Business, University of Sydney, NSW
  Elvis Jarnecic, Senior Lecturer, School of Business, Faculty of Economics and Business, University of Sydney, NSW
•   Inefficient markets and the new finance
  
  Lynn A. Stout, Professor of Law, UCLA School of Law; Principal Investigator, UCLA-Sloan Foundation Research Program on Business Organizations
•   Market imperfections
  
  Ramon P. DeGennaro, SunTrust Professor of Finance, The University of Tennessee, Knoxville, and Visiting Scholar, Research Department, Federal Reserve Bank of Atlanta

REGULATION

•   Securities transaction taxes and financial markets (Opinion)
  
  Karl Habermeier, Advisor and Technical Assistance Area Chief (Asia-Pacific), Monetary and Financial Systems Department, IMF
  Andrei A. Kirilenko, Economist, International Capital Markets Department, IMF
•   Sarbanes Oxley Corporate transparency or cost trap (Opinion)
  
  Robert L. Formaini, Senior Economist and Public Policy Advisor, Research Department, Federal Reserve Bank of Dallas
  Thomas F. Siems, Senior Economist and Policy Advisor, Research Department, Federal Reserve Bank of Dallas
•   What future for retail hedge funds in Italy A market analysis and a legislative survey (Opinion)
  
  Paolo Ricci, Partner, Lovells
  Chiara Cimarelli, Associate, Lovells
•   Financial market governance under incomplete law (Opinion)
  
  Katharina Pistor, Professor of Law, Columbia Law School
  Chenggang Xu, Lecturer, London School of Economics and Special-term, Professor, Tsinghua University
•   Regulatory challenges facing the Islamic finance industry (Opinion)
  
  Rodney Wilson, Professor, Institute for Middle Eastern and Islamic Studies, University of Durham
•   Towards a new architecture for financial regulation and supervision in Europe
  
  Giorgio Di Giorgio, Professor of Monetary Economics, Universitè LUISS Guido Carli
  Carmine Di Noia, Deputy Director General, Assonime
•   Reforming financial supervision institutions An international comparison
  
  Donato Masciandaro, Full Professor of Monetary Economics, Paolo Baffi Centre, Bocconi University, and Department of Economics, Mathematics and Statistics, University of Lecce