1. An image processing system for generating a high dynamic range image from a first image and a second image, comprising: a first displacement estimator configured to estimate a displacement of image content between a reference image derived from the first image and an image to be warped derived from the second image; a first warping unit configured to compensate the estimated displacement by warping the image to be warped resulting in a first warped image; a first error detector configured to detect geometric warping errors within the first warped image; a first error compensator configured to compensate the detected geometric warping errors in the first warped image resulting in a first error corrected image; and a high dynamic range calculator configured to calculate the high dynamic range image based upon the first error corrected image and the reference image.