Holistic management of the COVID-19 pandemic (EPUB) Libiąż

The authors of the monograph apply their competences in the field of risk management in the financial system in order to organise what is currently known about the COVID-19 pandemic.They recognise that by nature it is both endogenous as a result of health habits and exogenous in relation to lockdown. Overall, this poses a systemic risk. Holistic systemic risk management organises the sequence of events and action taken in such a way that the exit strategy from one crisis marks the beginning of a new one.The reviewed work has unquestionable substantive and methodological value. (...) The consequences and challenges related to COVID-19 are among issues of interest and significance analysed in international, and to some extent in Polish, economic and financial literature (scientific, popular science, journalistic works). From this point of view, the reviewed work should be considered as an attempt to synthesise what is most current and relevant in this area. One might risk stating here that the book by Profs Solarza and Waliszewski will be the first Polish publication in ‘Coronomics’. Spis treści: IntroductionChapter 1. Comparing the cognitive frames of systemic risk management1.1. The stages of systemic risk management – comparison over time1.2. Functional equivalents in systemic risk management – comparison in space1.3. Layers of the systemic risk management of a pandemic – comparing the way people think about a pandemicChapter 2. Evaluating the costs connected with the materialisation of systemic risk2.1. Public and private goods2.2. Public goods – loss of health and financial security2.3. Private goods – loss of job and income2.4. Public utility goods – merit goods2.5. Multigenerational common goods – club goods2.6. Coexisting goods and their importance in overcoming the negativeconsequences of a pandemicChapter 3. The COVID-19 pandemic conceived as systemic risk3.1. Applying the concept of systemic risk to an analysis of the COVID-19 pandemic3.2. The context in which the pandemic’s systemic risk arose3.2.1. Costs for the public finance sector3.2.2. Costs for financial intermediaries3.3. Shock – the cost to the real economy and job losses3.3.1. Costs for monetary policy3.3.2. Costs for the household sector3.4. Turning point3.5. Prognosis for world development in pandemic circumstances3.6. Early warning signals3.6.1. Deglobalisation3.6.2. Crisis of the extended family3.7. Accumulation of risk – the transformation of partial risk into systemic riskClosing remarksReferencesList of tablesList of charts and diagramsIndex