Contributor(s): Professor David Webb, Dr Sushil Wadhwani | Professor David Webb is Head of the Department of Finance at LSE. Specialising in financial economics and monetary theory, specifically the analysis of bankruptcy and financial contracts, David has made notable contributions to the field over the past 25 years, publishing in a range of Economic journals. He has held an editorship of Economica since 1988 and Associate Editorship of the Journal of Banking and Finance since 1995. Having obtained a BA and MA in Economics from the University of Manchester, David completed a PhD in Economics at LSE in 1979. Following lectureships at City and Bristol University, he returned to LSE in 1984 as a lecturer in the Department of Economics. In 1991 David became the LSE’s first ever Professor of Finance and has since been key to the growth of the Finance Faculty at LSE, to where in 2007 the Department of Finance became a stand alone department within the School, with David taking over as its Head in January 2009. Dr Sushil Wadhwani is currently CEO of Wadhwani Asset Management LLP, a London-based fund management company and a partner of Caxton Associates. Sushil was a full-time external member of the Monetary Policy Committee at the Bank of England between June 1999 and May 2002. From 1995-1999 Dr Wadhwani was Head of the Quantitative Systems Group, a member of the Management Committee and Partner at Tudor Proprietary Trading LLC, a fund management company. He was previously Director of Equity Strategy at Goldman Sachs International (1991-95) and before that Reader/Lecturer in Economics at LSE (1984-91). Dr Wadhwani was educated at LSE, where he obtained a BSc (Econ), MSc (Econ) and PhD (Econ). He has published a number of articles in academic journals. His past research includes work on financial markets, and the determinants of unemployment and inflation.He was designated a Commander of the British Empire in the Queen’s Birthday Honours List in 2002.