Journal of Risk

Welcome to Volume 2 Issue 3 of The Journal of Risk. This issue is made up of 4 technical papers: ‘A stress test to incorporate correlation breakdown' by Jongwoo Kim and Christopher C. Finger from RiskMetrics Group; ‘Optimization of conditional value-at-risk' by Tyrrell R. Rockafellar from the University of Washington and Stanislav Uryasev from the University of Florida; ‘Behavior of power prices: implications for the valuation and hedging of financial contracts' by Karan Bhanot from the University of Texas; and ‘Fifty years of UK asset price volatility' by Nicola Anderson from the Bank of England and Francis Breedon from Lehman Brothers.