IDEAS home Printed from https://ideas.repec.org/a/aza/rmfi00/y2021v14i4p355-366.html
   My bibliography  Save this article

Shifting paradigms: Regionalisation and the post-COVID-19 risk matrix

Author

Listed:
  • Barthe-Dejean, Guillaume

    (Director of the Chairman’s Office, SK Group, S. Korea)

Abstract

The COVID-19 pandemic has exacerbated long-standing tensions in our international system and thrown globalisation into existential doubt. This paper argues that we are unlikely to return to the precrisis status quo and that our emerging global order will instead be hammered into shape by rising state interventionism, systemic rivalry and a growing momentum towards regionalisation. It then argues that regionalism will see a shift from ambitious free-trade and market integration efforts towards the formation of flexible regional arrangements that are more geostrategic and defensive in nature. Going forward, the above geopolitical transitions will disrupt supply chains, generating significant economic instability and systemic risk. This is a particular concern for the financial industry given its higher degree of integration globally. The paper then finally considers how supervisory authorities and financial institutions can prepare for the new normal and mitigate the expected surge in postcrisis regulation. This paper will be of interest to policymakers, risk management professionals and anyone interested in exploring global transitions in the post-COVID-19 landscape.

Suggested Citation

  • Barthe-Dejean, Guillaume, 2021. "Shifting paradigms: Regionalisation and the post-COVID-19 risk matrix," Journal of Risk Management in Financial Institutions, Henry Stewart Publications, vol. 14(4), pages 355-366, September.
    • Handle: RePEc:aza:rmfi00:y:2021:v:14:i:4:p:355-366
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/6504/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/6504/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    paradigm shift; deglobalisation; state interventionism; systemic rivalry; regionalisation; COVID-19 pandemic; supervisory authorities; financial institutions;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:rmfi00:y:2021:v:14:i:4:p:355-366. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.