A general platform is introduced to study the dynamics of power systems with high voltage dc (HVDC) transmission links. Small-signal stability, voltage stability, and interaction phenomena of power systems with both line-commutated-converter HVDC (LCC-HVDC) and voltage-source-converter HVDC (VSC-HVDC) are addressed using the proposed platform. In this platform, the entire power system is modeled as a multivariable feedback control system (FCS) which consists of three interconnected blocks. The contents as well as the inputs and outputs of the blocks are selected such that the conventional analysis tools for power system stability are applicable, both in the time and frequency domains. In the FCS model, the relationships between different instabilities are clear, and participant agents of each instability can be determined. The model is developed in a modular and hybrid style, to make it feasible for a large power system. The proposed model is validated against an electromagnetic transient simulation program (PSCAD) using time responses