Financial Stability and the Threat of World Disorder

John H Farrar; Louise Parsons

doi:10.1007/978-981-95-3997-0_4

Financial Stability and the Threat of World Disorder

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review

Abstract

Financial stability has been an important concern for central banks in the era of globalisation. This chapter traces its relationship with the development of US hegemony and the rules-based order since 1945. Now the whole framework has been challenged by the second Trump presidency with its neo-mercantilist revision of the US position in the world. This may mark the end of the rules-based system and the beginning of power politics in an increasingly multipolar world. The possible impact on the governance structures of financial stability should not be underestimated.

Original language	English
Title of host publication	Globalisation Disrupted: Competing Futures in a Multipolar World
Editors	Umair Ghori, John Farrar
Place of Publication	Singapore
Publisher	Springer
Pages	49-71
ISBN (Electronic)	978-981-95-3997-0
ISBN (Print)	978-981-95-3996-3, 978-981-95-3999-4
DOIs	https://doi.org/10.1007/978-981-95-3997-0_4
Publication status	Published - 31 Dec 2025

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10.1007/978-981-95-3997-0_4

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1 Scholarly edition
1 Chapter

Globalisation Disrupted: Competing Futures in a Multipolar World
Ghori, U. (Editor) & Farrar, J. H. (Editor), 31 Dec 2025, Singapore: Springer. 10 p.
Research output: Book/Report › Scholarly edition › Research › peer-review
Introduction: Globalisation Disrupted
Ghori, U. & Farrar, J. H., 31 Dec 2025, Globalisation Disrupted: Competing Futures in a Multipolar World. Ghori, U. & Farrar, J. (eds.). Singapore: Springer, p. 1-10 10 p.
Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review

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Cite this

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Financial Stability and the Threat of World Disorder

Abstract

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Related Research Outputs

Globalisation Disrupted: Competing Futures in a Multipolar World

Introduction: Globalisation Disrupted

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