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.

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 Zukrowska.- Chapter3) The Effect of Countries' Credit Ratings on Credit Default Swap Spreads; Patrycja Chodnicka.- Chapter 4) RiskAnalysis Instrument of Public Management; MartaPostula.- Chapter 5) Multidimensionality of Risk in Public SafetyManagement Processes; Barbara Kozuch, Katarzyna Sienkiewicz-Malyjurek.- Chapter 6) The EarlyWarning Concept in Identifying Risks in Business Activity; Katarzyna Dohn, Wojciech Zolenski, Adam Guminski.- Chapter 7) Risk Perception in the Activityof Social Enterprises; MartynaWronka-Pospiech, Aldona Fraczkiewicz-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; StanislawKasiewicz, Lech Kurklinski.- Chapter 11) The Financial Distress of PublicSector Entities: Causes and Risk Factors;Magdalena Ziolo, Malgorzata Porada-Rochon, Elzbieta Szaruga.- Chapter 12) Impact ofInsurance Companies' Investment Policyon Risk Management in the Public Sector; Teresa Czerwinska.Chapter 13) Personal Income Tax and the Risk of Revenue Fluctuations in the European Union; Bogdan Mróz, Mariusz Sokolek.- Chapter 14) VAT Fraud in SelectedEuropean Union Countries and its Possible Macroeconomic Implications; Czeslaw Jedrzejek.