This book draws on financial, economic, and management theory in its exploration of the theory underlying risk and risk management at both micro- and macroeconomic levels. It has a particular reference to the public financial sector. Chapters investigate the elimination of currency risk in the Transatlantic Trade and Investment Partnership (TTIP), as well as the changes that credit ratings undergo due to the influence of credit spreads. Featuring contributions on important topics such as public safety and the internet, intellectual capital, bank regulatory risk in the EU, the financial distress of public sector entities, and systemic risk in the insurance sector, it also explores innovative and emerging issues in the European tax gap in personal income taxes and VAT carousel fraud in selected European countries. Discussion of the complex nature of risk management in public administration will appeal to public officials, policy-makers, academics and researchers alike.

Professor Konrad Raczkowski is Undersecretary of State in the Ministry ofFinance, Poland and a member of the National Development Council of the Presidentof the Republic of Poland. He is also currently Head of the EconomicInstitute of the University of Social Sciences in Warsaw, Poland, where he is aProfessor of Economics and Management, and Chair of the Department ofEconomic Security Management. Professor Raczkowski specialises in themanagement of economic systems, public finance and the informal economy. Since2010 he has served as an expert and reviewer for the Parliamentary ResearchBureau of the Chancellery of the Parliament (Poland), various economicorganisations, enterprises and international institutions. From 2003 to 2013,he was an employee of the Ministry of Finance in Poland. He has previouslyworked with the European Commission's European Anti-Fraud Office in Brussels(2006-2010) and the Institute for Security and Development Policy in Stockholm.He is a Swedish government scholar in management (2009) and a member of theBritish Academy of Management. 

Chapter 1)What Does Risk Management in an Economy Really Mean?;Konrad Raczkowski, Piotr Tworek.- Chapter 2) Elimination ofExchange Rate Risk in TTIP By Inclusion of a Clause Linking the Dollar andEuro;Katarzyna ukrowska.- Chapter3) The Effect of Countries Credit Ratings on Credit Default Swap Spreads;Patrycja Chodnicka.- Chapter 4) RiskAnalysis Instrument of Public Management;MartaPostua.- Chapter 5) Multidimensionality of Risk in Public SafetyManagement Processes;Barbara Kouch, Katarzyna Sienkiewicz-Mayjurek.- Chapter 6) The EarlyWarning Concept in Identifying Risks in Business Activity;Katarzyna Dohn, Wojciech Zoleski, Adam Gumiski.- Chapter 7) Risk Perception in the Activityof Social Enterprises;MartynaWronka-Popiech, Aldona Frczkiewicz-Wronka,Konrad Laska.- Chapter 8) Identification of Risks Relatedto Operations on the Internet;Sylwia Wojciechowska-Filipek,ZbigniewCiekanowski.- Chapter9) Intellectual Capital Risk Management for Knowledge-Based Organizations;Jolanta Jurczak.- Chapter 10) Regulatory Risk in the EU Banking Sector;StanisawKasiewicz,Lech Kurkliski.- Chapter 11) The Financial Distress of PublicSector Entities: Causes and Risk Factors;Magdalena Ziolo, Magorzata Porada-Rochon, Elbieta Szaruga.- Chapter 12) Impact ofInsurance Companies Investment Policy on Risk Management in the Public Sector;Teresa Czerwiska.- Chapter 13) Personal Income Tax and the Risk of Revenue Fluctuations  in the European Union;Bogdan Mróz, Mariusz Sokoek.- Chapter 14) VAT Fraud in SelectedEuropean Union Countries and its Possible Macroeconomic Implications;Czesaw Jdrzejek.