VOLATILITY AND SYSTEMIC RISK

The Volatility and Systemic Risk Conference, hosted by the NYU Stern School of Business in collaboration with leading research institutions, marked an early and foundational gathering focused on understanding systemic risk in global financial markets. Held on April 16, 2010, in New York City, the conference explored how volatility interacts with interconnected financial systems to amplify risk across institutions and markets.

The program featured pioneering research on realized volatility, systemic risk measurement, and multivariate risk modeling, including applications of GARCH frameworks and network-based approaches to financial contagion. Scholars examined how volatility propagates through markets, influencing asset pricing, financial stability, and the resilience of economic systems.

Keynote and panel discussions extended these insights into policy and regulatory dimensions, addressing topics such as global monetary policy, financial crises, and the management of systemic risk in an increasingly interconnected world. Contributions from leading academics, central bank experts, and industry practitioners emphasized the need for robust quantitative tools and forward-looking risk assessment frameworks.

As one of the early conferences shaping the field, it laid the groundwork for future research at the Volatility Institute, highlighting the importance of integrating volatility modeling with systemic risk analysis to better understand and mitigate financial instability. 

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