BEATRIZ ARMENDÁRIZ Harvard University, USA and University College London, UKSVETLANA ANDRIANOVA University of Leicester, UKERIK BERGLOF Director, Stockholm Institute of Transition Economics, SwedenPATRICK BOLTON Princeton University, USASTIJN CLAESSENS University of Amsterdam, The NetherlandsE. PHILIP DAVIS Brunel University, London, UKPANICOS DEMETRIADES University of Leicester, UKPATRICK HONOHAN Development Research Group, The World Bank, USALUC LAEVEN Economist, The World Bank, USAJONATHAN MORDUCH New York University, USA

• Financial Development, Growth and Poverty: How Close are the Links?; P.Honohan Finance and Growth: What We Know and What We Need to Know; P.Demetriades & S.Andrianova Competition in the Financial Sector and Growth: A Cross-Country Perspective; S.Claessens & L.Laeven The Great Divide and Beyond: Financial Architecture in Transition; E.Berglof & P.Bolton Microfinance: Where Do We Stand?; B.Armendáriz & J.Morduch Financial Development, Institutional Investors and Economic Performance; E.P.Davis Money, Stability and Growth; C.A.E.Goodhart