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Crisis

Distribution by Scientific Domains
Humanities and Social Sciences41%
Business, Economics, Finance and Accounting34%
Medical Sciences12%
Life Sciences3%
Psychology2%
Law and Criminology2%
8 Other Domains6%
Distribution within Humanities and Social Sciences
General & Introductory Development Studies14%
General & Introductory Geography9%
International Relations4%
64 Other Subdomains64%

Kinds of Crisis

  • asian crisis
  • asian currency crisis
  • asian economic crisis
  • asian financial crisis
  • bank crisis
  • banking crisis
  • biodiversity crisis
  • blast crisis
  • bse crisis
  • cell crisis
  • credit crisis
  • cuban missile crisis
  • currency crisis
  • current crisis
  • current financial crisis
    		•
  • debt crisis
  • east asian crisis
  • ecological crisis
  • economic crisis
  • energy crisis
  • financial crisis
  • fiscal crisis
  • food crisis
  • foreign policy crisis
  • future crisis
  • global crisis
  • global economic crisis
  • global financial crisis
  • health crisis
  • humanitarian crisis
    		•
  • hypertensive crisis
  • identity crisis
  • institutional crisis
  • international crisis
  • korean nuclear crisis
  • liquidity crisis
  • market crisis
  • missile crisis
  • mortgage crisis
  • national crisis
  • nuclear crisis
  • oil crisis
  • pain crisis
  • painful crisis
  • peso crisis
    		•
  • policy crisis
  • political crisis
  • present crisis
  • public health crisis
  • recent crisis
  • recent financial crisis
  • renal crisis
  • sickle cell crisis
  • social crisis
  • sovereign debt crisis
  • systemic crisis
  • vaso-occlusive crisis

    • Terms modified by Crisis

  • crisis communication
  • crisis event
  • crisis intervention
    		•
  • crisis management
  • crisis period
  • crisis planning
    		•
  • crisis situation
  • crisis year

    • Selected Abstracts

    THE IMF'S MONETARY PRESCRIPTION FOR THE SOUTHEAST ASIAN FINANCIAL CRISES: WHAT IF ,?

    ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2000
    MARGARET FREEBAIRN
    First page of article [source]

    COALITION GOVERNMENTS AND SOVEREIGN DEBT CRISES

    ECONOMICS & POLITICS, Issue 2 2009
    SEBASTIAN M. SAIEGH
    This article examines the domestic politics of sovereign debt crises. I focus on two alternative mechanisms that aggregate the preferences of domestic actors over debt repayment: single-party versus multiparty coalition governments. I uncover a very strong empirical regularity using cross-national data from 48 developing countries between 1971 and 1997. Countries that are governed by a coalition of parties are less likely to reschedule their debts than those under single-party governments. The effect of multiparty coalitions on sovereign defaults is quantitatively large and roughly of the same order of magnitude as liquidity factors such as debt burden and debt service. These results are robust to numerous specifications and samples. [source]

    RESPONDING TO CRISES IN THE MODERN INFRASTRUCTURE.

    PUBLIC ADMINISTRATION, Issue 1 2010
    POLICY LESSONS FROM Y2K - by Kevin F. Quigley
    No abstract is available for this article. [source]

    CURRENCY CRISES IN EMERGING MARKETS: THE CASE OF POST-LIBERALIZATION TURKEY

    THE DEVELOPING ECONOMIES, Issue 4 2008
    Mete FERIDUN
    F31; F37 This article investigates the determinants of currency crises in Turkey. It analyzes the two major currency crises of 1994 and 2000,2001 in the light of the existing theoretical models. The present study uses logit, probit, and limited dependent models to explain the currency crises in the post,capital account liberalization era. The results obtained from the three approaches are generally consistent and the coefficients obtained for the explanatory variables generally have the same sign. The findings suggest that the currency crises in Turkey are associated with global liquidity conditions, fiscal imbalances, capital outflows, and banking sector weaknesses. [source]

    MOSAICS OF MAYA LIVELIHOODS: READJUSTING TO GLOBAL AND LOCAL FOOD CRISES

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    Rebecca K. Zarger
    The particularities of how residents in Southern Belize encounter the vagaries of what is commonly referred to as a "global food crisis" (between 2006 and 2008) are explored in this paper. Belize, like many other nation states around the globe, has been structurally (and sequentially) "readjusted" by transnational lending institutions over the last several decades. Cyclical shifts in agricultural practices have taken place in many Maya communities in Southern Belize in the last decade, partly in response to migration, a severe hurricane, land tenure conflicts, and within the last year, skyrocketing staple prices and food scarcity. The costs of basic staples such as corn, wheat, and rice have nearly doubled, in parallel with much of the rest of the globe during the same time frame. Shifts in subsistence strategies have significant implications for the power and politics of land use, access, and mobility. Furthermore, they reflect centuries-old ways of adjusting to changing circumstances in global markets and colonial and postcolonial realities. I conclude by emphasizing the importance of incorporating political and historical ecologies of land use and food production when considering the local impacts of global food crises. [source]

    FINANCIAL CRISES AND INTERNATIONAL STOCK MARKET VOLATILITY TRANSMISSION

    AUSTRALIAN ECONOMIC PAPERS, Issue 3 2010
    INDIKA KARUNANAYAKE
    This paper examines the interplay between stock market returns and their volatility, focusing on the Asian and global financial crises of 1997,98 and 2008,09 for Australia, Singapore, the UK, and the US. We use a multivariate generalised autoregressive conditional heteroskedasticity (MGARCH) model and weekly data (January 1992,June 2009). Based on the results obtained from the mean return equations, we could not find any significant impact on returns arising from the Asian crisis and more recent global financial crises across these four markets. However, both crises significantly increased the stock return volatilities across all of the four markets. Not surprisingly, it is also found that the US stock market is the most crucial market impacting on the volatilities of smaller economies such as Australia. Our results provide evidence of own and cross ARCH and GARCH effects among all four markets, suggesting the existence of significant volatility and cross volatility spillovers across all four markets. A high degree of time-varying co-volatility among these markets indicates that investors will be highly unlikely to benefit from diversifying their financial portfolio by acquiring stocks within these four countries only. [source]

    THREE ASIAN MYTHS AND THE GLOBAL ECONOMIC CRISIS

    ECONOMIC AFFAIRS, Issue 3 2009
    Razeen Sally
    No abstract is available for this article. [source]

    THE INDONESIAN CRISIS OF 1997/99 AND THE WAY OUT: WHAT ARE THE LESSONS OF HISTORY?,

    ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2000
    ANNE BOOTH
    First page of article [source]

    WHO SUFFERED FROM THE CRISIS OF HISTORICISM?

    HISTORY AND THEORY, Issue 2 2010
    A DUTCH EXAMPLE
    ABSTRACT Was the crisis of historicism an exclusively German affair? Or was it a "narrowly academic crisis," as is sometimes assumed? Answering both questions in the negative, this paper argues that crises of historicism affected not merely intellectual elites, but even working-class people, not only in Germany, but also in the Netherlands. With an elaborated case study, the article shows that Dutch "neo-Calvinist" Protestants from the 1930s onward experienced their own crisis of historicism. For a variety of reasons, this religious subgroup came to experience a collapse of its "historicist" worldview. Following recent German scholarship, the paper argues that this historicism was not a matter of Rankean historical methods, but of "historical identifications," or modes of identity formation in which historical narratives played crucial roles. Based on this Dutch case study, then, the article develops two arguments. In a quantitative mode, it argues that more and different people suffered from the crisis of historicism than is usually assumed. In addition, it offers a qualitative argument: that the crisis was located especially among groups that derived their identity from "historical identifications." Those who suffered most from the crisis of historicism were those who understood themselves as embedded in narratives that connected past, present, and future in such a way as to offer identity in historical terms. [source]

    ENTERING THE WRECKAGE: GRIEF AND HOPE IN JEREMIAH, AND THE RESCRIPTING OF THE PASTORAL VOCATION IN A TIME OF GEOPOLITICAL CRISIS

    INTERNATIONAL REVIEW OF MISSION, Issue 365 2003
    Chris William Erdman
    First page of article [source]

    FOOD CRISIS: Band Aid And Beyond

    AFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 10 2009
    Article first published online: 27 NOV 200
    No abstract is available for this article. [source]

    AFRICA/GLOBAL FINANCIAL CRISIS: Funding Gap

    AFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 2 2009
    Article first published online: 7 APR 200
    No abstract is available for this article. [source]

    AFRICA/GLOBAL FINANCIAL CRISIS: The Way Forward

    AFRICA RESEARCH BULLETIN: ECONOMIC, FINANCIAL AND TECHNICAL SERIES, Issue 1 2009
    Article first published online: 9 MAR 200
    No abstract is available for this article. [source]

    THE AICPA IN CRISIS AND HOW IT IMPACTS THE BUSINESS LAW DISPUTE

    JOURNAL OF LEGAL STUDIES EDUCATION, Issue 2 2002
    Sally Gunz
    The American Institute of Certified Public Accountants (AICPA) continues to strengthen the profession's reputation for integrity, objectivity and independence; reinforce core services such as tax, accounting, audit and attestation; and carve out new market space for virtually unlimited business opportunities for CPAs. [source]

    A modified CRISIS-HSQC for band-selective IMPRESS

    MAGNETIC RESONANCE IN CHEMISTRY, Issue 2 2005
    Scott A. Bradley
    Abstract CRISIS (Compensation of Refocusing Inefficiency with Synchronized Inversion Sweep) is a powerful technique for obtaining multiplicity-edited HSQC spectra without compromising sensitivity. However, the stringent requirement for the duration of the CRISIS waveforms makes them unsuitable for other functions, such as band selection or IMPRESS (IMProved REsolution using Symmetrically Shifted pulses). We report here a modified CRISIS-gHSQC pulse sequence employing time-reversed 13C ,/2 EBURP-2 pulses. This IC-bs-gHSQC (IMPRESS-CRISIS-bs-gHSQC) sequence was found to be equally useful for acquiring multiplicity-edited, band-selective spectra individually or in tandem with IMPRESS. Remarkably, the latter provides multiple spectra in significantly less time and is the preferred approach when several crowded regions need to be assigned unambiguously. The use of adiabatic sweeps and the CRISIS pulses enable IC-bs-gHSQC to give better sensitivity than the original IMPRESS sequence for band-selective spectra. Copyright © 2005 John Wiley & Sons, Ltd. [source]

    EUROPE IN CRISIS: A QUESTION OF BELIEF OR UNBELIEF?

    MODERN THEOLOGY, Issue 2 2007
    PERSPECTIVES FROM THE VATICAN
    For Joseph Ratzinger, elected Pope Benedict XVI in 2005, modernity has transformed Europe into a continent without God. As a result, Europe's self-understanding is flawed. This outcome puts serious doubts on the Church's resolution, expressed in Gaudium et spes, to dialogue with the modern world. Moreover, the present pope was among the first to warn both church and society against the erosion of modernity. Also more recently, e.g. in his Values in a Time of Upheaval, he argued that only a Europe firmly rooted in Christian faith can survive the nihilism and moral crisis with which it is confronted. As a creative minority Christians should help Europe win back the best of its heritage and use it to the service of all humanity. In this contribution Boeve presents the evolution and primary features of Joseph Ratzinger's thought in this regard and concludes with a number of critical observations. [source]

    IS SCLERODERMA RENAL CRISIS WITH ANTI-CENTROMERE ANTIBODY-POSITIVE LIMITED CUTANEOUS SYSTEMIC SCLEROSIS OVERLOOKED IN PATIENTS WITH HYPERTENSION AND/OR RENAL DYSFUNCTION?

    NEPHROLOGY, Issue 2 2008
    TOSHIRO SUGIMOTO
    [source]

    ANALYSIS OF THE CURRENT ACCOUNT POSITION OF FOUR ASIAN COUNTRIES BEFORE THE 1997 CRISIS

    PACIFIC ECONOMIC REVIEW, Issue 1 2007
    B. Andreosso-O'Callaghan
    We have employed the procedures advocated by Husted for the presence of stationarity in current accounts by estimating a cointegration relationship between any country's exports and imports. The results do not substantiate the presence of cointegration between the series, implying that the macroeconomic fundamentals in these countries prior to the crisis were far from robust, at least from the perspective of current account sustainability. [source]

    REGIONAL TIES AND DISCRIMINATION: POLITICAL CHANGE, ECONOMIC CRISIS, AND JOB DISPLACEMENTS IN SOUTH KOREA, 1997,99

    THE DEVELOPING ECONOMIES, Issue 1 2007
    Changhui KANG
    J71; O53; C25 Probing into the incidence of job displacements during the 1997,99 recession period, this study offers theoretically grounded micro-causal explanations for regional ties and regional discrimination in South Korea. Our statistical analysis reveals the significant impact of a worker's birth region (the basis of regional ties and discrimination) on the layoff process. Native Kyongsang workers are found to have faced higher rates of layoff in Seoul-Kyongki regional firms than native Jolla workers during the recession period. The Kyongsang,Jolla layoff rate gap is mainly due to differential treatment rather than a difference in observable characteristics. The findings suggest that the problem of regional ties and regional discrimination is more deep-rooted and widespread in South Korea than previously reported. [source]

    INDONESIA'S ECONOMIC CRISIS: CONTAGION AND FUNDAMENTALS

    THE DEVELOPING ECONOMIES, Issue 2 2002
    Reiny IRIANA
    The severe and unanticipated economic downturn in Indonesia mirrored the regional economic fallout following the 1997 financial crisis. Although it is likely that the crisis in neighboring countries had an adverse impact on Indonesia, the issue has so far received little attention. This paper examines whether contagion from the economic crisis in Thailand triggered the crisis in Indonesia. Evidence of such a contagion is revealed, and the contagion was possibly exacerbated by increasing imbalances in the Indonesian economy. The paper also examines the channels through which the economic difficulties of Thailand might have been transmitted to Indonesia. Investors'behavior, rather than real links, is identified as one important channel for the contagion. [source]

    CREDIT CRUNCH AND HOUSEHOLD WELFARE, THE CASE OF THE KOREAN FINANCIAL CRISIS,

    THE JAPANESE ECONOMIC REVIEW, Issue 4 2008
    SUNG JIN KANG
    We examine how the credit crunch in Korea in the late 1990s affected household behaviour and welfare. Using 1996,1998 household panel data, we estimate a consumption Euler equation, augmented by endogenous credit constraints. Korean households coped with the negative shocks of the 1997 credit crunch by reducing consumption of luxury items while maintaining food, education and health related expenditures. Our results show that, in 1997,1998, during the crisis, the probability of facing credit constraints and the resulting expected welfare loss from the binding constraints increased significantly, suggesting the gravity of the credit crunch at the household level. [source]

    TRADER EXPLOITATION OF ORDER FLOW INFORMATION DURING THE LTCM CRISIS

    THE JOURNAL OF FINANCIAL RESEARCH, Issue 3 2009
    Fang Cai
    Abstract By using a unique data set of audit trail transactions, I examine the trading behavior of market makers in the Treasury-bond futures market during the Long-Term Capital Management (LTCM) crisis in 1998. I find strong evidence that during the crisis market makers in the aggregate engaged in anticipatory trading against customer orders from a particular clearing firm (coded PI7) that closely match various features of LTCM's trades through Bear Stearns. I also show that a significant percentage of market makers made abnormal profits during the crisis. Their aggregate abnormal profits, however, were more than offset by abnormal losses following the recapitalization of LTCM. [source]

    TESTING THE NET BUYING PRESSURE HYPOTHESIS DURING THE ASIAN FINANCIAL CRISIS: EVIDENCE FROM HANG SENG INDEX OPTIONS

    THE JOURNAL OF FINANCIAL RESEARCH, Issue 1 2006
    Kam C. Chan
    Abstract We investigate net buying pressure in the Hong Kong Hang Seng Index options market during the Asian financial crisis from July 1997 to August 1998. Our findings suggest that during this period, the dramatic changes in volatility overwhelmed the dynamics of supply and demand in the options market. The extremely high realized volatility drove market participants' expectations about future market volatility in the early months of the crisis. Findings during the late-crisis, pre-crisis, and post-crisis periods are consistent with the net buying pressure hypothesis. [source]

    ANTHROPOLOGICAL APPROACHES TO THE GLOBAL FOOD CRISIS: UNDERSTANDING AND ADDRESSING THE "SILENT TSUNAMI"

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    David Himmelgreen
    The food riots and demonstrations that occurred in more than 50 countries in 2008 signaled the oncoming global economic recession. Skyrocketing food and fuel prices spurred on violence in poorer countries where there is no social safety net and in places impacted by food insecurity and malnutrition. Today, while the prices for some food staples have retracted a little, the deepening economic recession poses a threat in wealthier nations including the United States and members of the European Union. For example, the shuttering fall in the U.S. stock market in October 2008 resulted in the loss of billions of dollars not only to individual investors but also to states and local municipalities. In this environment, there is a potentially grave threat to the social safety net in the United States including food assistance programs. The World Food Program (WFP) has cited the increase in world food prices as the biggest challenge in its 45-year history, calling the impact a "silent tsunami" that threatened to plunge millions into hunger. In this volume, practicing and applied anthropologists examine the current global food crisis in a variety of settings including Belize, Cuba, the Dominican Republic, Ethiopia, Lesotho, Mozambique, Tanzania, and the United States. Further, they use a variety of theoretical orientations and methodological approaches to understand the chronic nature of food insecurity and the ways in which global food policies and economic restructuring have resulted in increasing food inequities across the globe. Throughout this volume, the authors make suggestions for combating the global food crisis through the application of anthropological principles and practices. [source]

    DEALING WITH THE GLOBAL FOOD CRISIS IN LOCAL SETTINGS: NONINTENSIVE AGRICULTURE IN LESOTHO, SOUTHERN AFRICA

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    Nancy Romero-Daza
    This article seeks to contribute to efforts toward the identification and critical analysis of sustainable community-based initiatives that could help to ameliorate the impact of the global food crisis in developing countries. To do so, we present a discussion of a sustainable agriculture program in Lesotho, in sub-Saharan Africa. We contextualize the discussion in the framework of both the food crisis and the HIV/AIDS pandemic, both of which are taking a major toll in Lesotho. We then present a brief discussion of some of our anthropological contributions to the work of an NGO that is implementing sustainable agriculture initiatives in periurban areas of Lesotho where households are at high risk for food insecurity. [source]

    LAVICHÈ: HAITI'S VULNERABILITY TO THE GLOBAL FOOD CRISIS

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    John Mazzeo
    In April 2008, the global rise in food prices reached a breaking point in Haiti where a series of food riots swept across the country. The majority of Haitians depend on the marketplace for food, especially imported rice. The dependence on the marketplace for food and the rise in prices has caused households to reduce purchases leading to growing hunger especially among the rural poor. Haiti's vulnerability to the food crisis is not a problem of supply; it's because of the high cost of living, lavichè in Haitian Creole. This article poses the question, why is Haiti, a country rooted in peasant agricultural production, vulnerable to the rise in global food prices. I propose that answers to the current crisis come from an understanding of rural livelihoods, strategies for accessing food, and global food policies. Rural households are not subsistence producers. Ironically, they have suffered most from the rise in prices because of their dependence on the marketplace. Changing consumption patterns relying on imported rather than domestic staples have increased vulnerability to rising prices. Additionally, economic policies surrounding the import and marketing of food have further increased Haiti's dependence on imports. Understanding the trends leading to Haiti's current food crisis will help to inform policies and programs aimed at providing temporary food assistance and hopefully lead to more effective development programs. This article is based on research conducted in rural Haiti during the summer of 2008, part of which was for World Vision International as it prepared to mitigate the crisis through food assistance programs. [source]

    FROM CRISIS TO CUMULATIVE EFFECTS: FOOD SECURITY CHALLENGES IN ALASKA

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    David V. Fazzino
    Recent increases in the price of fuel in rural Alaska, coupled with high prices of grocery store foods and decreased efficacy of hunting and fishing have led to a food crisis in many regions of rural Alaska. In the summer of 2008 it was predicted that these events would lead to an upswing in the number of individuals migrating to urban areas of Alaska, putting additional stress on the already dwindling resources of food assistance providers. Through discussions with food assistance providers in Fairbanks, Alaska, a research program was designed to assess how well recent migrants were able to meet their food needs. In total 39 individuals were interviewed in November and December 2008, using face-to-face, semistructured interviews. This article discusses a smaller subset of the overall interviews, namely the responses of Natives who currently live in Fairbanks, Alaska. Further, this article informs understandings of "crisis" in the global sense, highlighting the importance of placing "crises" into the larger context of cumulative effects which are long-term and differentially distributed, rather than treating them as discrete and individually mitigatable events. [source]

    ANTHROPOLOGICAL APPROACHES FOR UNDERSTANDING THE COMPLEXITIES OF THE GLOBAL FOOD CRISIS

    ANNALS OF ANTHROPOLOGICAL PRACTICE, Issue 1 2009
    Sunil K. Khanna
    The current global food crisis can be, in part, described as an outcome of not only historical patterns of income inequalities and long-standing food trade policies biased in favor of wealthier nations but also in terms of significant reductions in food aid and other safety-net programs for people living in poor nations. Despite the serious nature of the problem of food insecurity, only a limited amount of reliable descriptive research, especially at the community level, has explored the causes and consequences of the current food crisis. Anthropology offers a unique set of methodological and theoretical approaches that can be useful for designing, implementing, and evaluating programs and policies aimed at alleviating poverty and reducing food insecurity. Anthropologically informed research can provide a dynamic understanding of food insecurity in terms of its causes and consequences and its local, regional, and global underpinnings. This information can be helpful in incorporating a community-level understanding of the "local" determinants of food insecurity for developing effective and sustainable food policy and intervention programs. [source]

    DEPOSITOR DISCIPLINE, REGULATORY CONTROL, AND A BANKING CRISIS: A STUDY OF INDIAN URBAN COOPERATIVE BANKS

    ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 4 2007
    Niranjan CHIPALKATTI
    ABSTRACT,:,Urban Cooperative banks in India (UCBs) play an important role in mobilizing resources from lower and middle-income groups and in providing direct finance to small entrepreneurs and traders. Motivated by previous empirical work on depositor disciplining behaviour, this paper examines whether depositors punish weak UCBs by withdrawing deposits during and after a banking crisis. In addition, the paper investigates the impact of tightened prudential standards imposed by the Indian central bank (RBI) on the ratio of investments to loan assets and on the rate of growth of loans. Our sample of 45 UCBs is partitioned into strong and weak banks and subjected to econometric testing. Our analysis reveals that a banking crisis is associated with a contraction in deposits across the sample. However, weak banks appear to be disciplined by depositors during election years. We also find weak support for the contention that banks reduced loans when faced with intensified regulatory scrutiny in the aftermath of a crisis. [source]

    Front and Back Covers, Volume 24, Number 6.

    ANTHROPOLOGY TODAY, Issue 6 2008
    December 200
    Front cover caption, volume 24 issue 6 Front cover A television newscaster reports from a prayer meeting organized in support of Barack Obama on the eve of the US election in Kogelo, Western Kenya. Foreign and local journalists descended on this small village which is home to Mama Sarah, Obama's paternal step-grandmother. As this picture was taken, religious and cultural leaders, schoolchildren and local politicians were praying for the success of their ,son', although they were also careful to offer up prayers for John McCain. The newscaster stands in front of a painting by local artist Joachim Onyango Ndalo, famous for his colourful portrayals of historical events, African presidents and other world leaders. The painting shows Obama surrounded by political figures, including Colin Powell, Bill Clinton and the British queen. In January of this year Ndalo was forced to flee from his home in Western Kenya to Uganda during the violence that followed Kenya's contested elections between the Party of National Unity (PNU), led by President Kibaki, and the Orange Democratic Movement (ODM), the opposition party led by Raila Odinga. Although pro-Odinga, the artist was branded a traitor by some members of his community for accepting a commission to paint Stanley Livondo, a Kibaki supporter and opponent of Odinga for the Langata parliamentary seat. Ndalo's workshop and paintings were destroyed. He has since returned home and plans to send his painting to America as a gift to Obama for his inauguration. Back cover caption, volume 24 issue 6 FINANCIAL CRISIS: The financial crisis unfolding since September this year has wiped out savings and threatens livelihoods across the world. Future generations will have to pay for the nationalization of gigantic debts that we never thought we had. This crisis, the worst of its kind since the Great Depression, demands an overhaul of the world's financial system. What might anthropologists contribute, beyond our insight into the world's informal economies and peasant markets? In this issue, Keith Hart and Horacio Ortiz argue that the breakdown of the economists' intellectual hegemony demands a new approach to money more sensitive to its social dimensions and to redistributive justice. A fresh reading of Mauss and Polanyi would be one good place to start. Stephen Gudeman, in his diary of witnessing the financial markets in October, argues for the relevance of anthropological concepts such as ,spheres of exchange', a realm of people, relationships and materials that cuts across market processes and lies beyond the economic vision of Wall Street and Washington, but should be represented in policy-making. Anthropologists have produced many detailed examples of how communities make use of markets within economies. Now, as the world searches for a new system of governance, is the time for anthropologists to make their voices heard. Perhaps a President's Council of Anthropological Advisors might complement the existing Council of Economic Advisors. What better time for such a proposal than the election of a new US president with roots in Hawaii, Kansas, Indonesia and Kenya, whose mother was herself an anthropologist? [source]