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Publication Detailed Description
A Note on COVID-19 and the ‘Drop of Honey Effect’ – Risk Management in a Strong Uncertainty Environment
Journal/Book/Other Title
International Journal of Finance, Insurance and Risk Management
Year (definitive publication)
2022
Language
English
Country
Cyprus
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Abstract
Purpose: Covid-19 is a pandemic disease that spread all over the world, provoking
disruption in health, social, economic, financial systems. We propose the ‘drop of honey
effect’ metaphor to show the implications the spread of the virus had in the national systems
and in the international order.
Design/methodology/approach: We use chaos theory framework and the ‘drop of honey
effect’ metaphor to show how fast the disease spread and the consequences it has.
Findings: A disease that appeared in a specific region, rapidly spread for the world with
huge consequences at social, economic, financial dimensions. New uncertainty environments
of crisis demand new tools and approaches.
Acknowledgements
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Keywords
Pandemics,drop pf honey effect,risk management.
Fields of Science and Technology Classification
- Mathematics - Natural Sciences
- Economics and Business - Social Sciences
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