Front Matter -- Preface -- Acknowledgments -- Contents -- 1 Introduction -- 2 Current Trends in Economic Research on Systemic Risk -- 3 Systemic Risk in Ecology and Engineering -- 4 The Payments System and the Market for Interbank Funds -- 5 Concluding Observations -- Appendixes -- Appendix A:...

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...