Journal of Risk

Welcome to Volume 8 Issue 1 of The Journal of Risk. This issue is made up of 4 technical papers: 'Currency dependence of corporate credit spreads' by Rainer Jankowitsch and Stefan Pichler from Vienna University of Economics and Business Administration; 'On the aggregation of local risk moedls for global risk management' by Greg Anderson, Lisa Goldberg, Guy Miller and Kathy Sorge from MSCI Barra, and Alec N. Kercheval from Florida State University; 'Misspecified copulas in credit risk models: how good is Gaussian?' by Alfred Hamerle and Daniel Rosch from the University of Regensburg; and 'The quantification of operational risk' by Markus Leippold and Paolo Vanini from the University of Zurich.