Lyapunov, while studying the asymptotic stability of solutions of diff
erential systems, proved a theorem which yields a necessary and suffic
ient condition for stability of a matrix. Lyapunov's theorem was a bre
akthrough in the research of stability. Among others, it links cones a
nd stability in Various directions. In this survey we review some of t
he links between convexity and matrix stability, mainly such links tha
t are derived from Lyapunov's theorem. The article does not cover the
wide variety of all such links, but rather gives some of the flavor of
this rich theory. (C) 1998 Elsevier Science Inc. All rights reserved.