Stern Institute Expands Risk Analysis to Include Climate Change, Cyber Security Attacks and More

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Building of Stern School of Business. A Stern institute is revamping to analyze types of risks such as ones associated with climate change. (Staff Photo by Jake Quan)

The Great Financial Crisis, the global economy, cyber security and climate change are four of the most pressing international concerns today, according to NYU’s Volatility and Risk Institute. Formerly known just as the Volatility Institute, VRI has expanded its scope along with its name in an effort to research these issues.

VRI’s expansion into investigating broader issues such as cyber, climate and geopolitical risks coincides with their adoption of an interdisciplinary approach to their institute. 

“I think it’s really important that Stern itself is taking this initiative to do more broad research,” Stern first-year Christopher Giron said. “It’s very important to take a holistic view of these issues.”

The VRI is co-directed by two Stern professors: Professor of Management Practice Richard Berner and Professor of Management and Financial Service Robert Engle. They hope to provide a global resource through the Institute’s research and The Volatility Laboratory, which predicts…

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