Conclusion: Global Markets, Macroeconomic Instability and Exchange Rate Crises: The Political Economy of the New World Order in International Finance

  • Geoffrey R. D. Underhill
Part of the International Political Economy Series book series (IPES)


This volume provides an in-depth analysis of the cross-cutting dimensions of the new world order in international finance. The arguments of the interdisciplinary team of contributors have supported on the whole the assumptions laid out in the Introduction. One of the most important results is to draw attention to the complexity of the emerging global order and to its importance for states and the future path of global economic development.


Hedge Fund International Finance Capital Mobility Exchange Rate Volatility World Order 
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  1. 3.
    International Monetary Fund (1993), International Capital Markets, Part I. Exchange Rate Management and International Capital Flows (Washington, DC: IMF), April.Google Scholar
  2. 4.
    Fred Hirsch (1977), The Social Limits to Growth (London: Routledge & Kegan Paul), p. 5.Google Scholar

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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1997

Authors and Affiliations

  • Geoffrey R. D. Underhill

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