Artificial intelligence and systemic risk

نویسندگان

چکیده

Artificial intelligence (AI) is rapidly changing how the financial system operated, taking over core functions for both cost savings and operational efficiency reasons. AI will assist risk managers authorities. However, it can destabilize system, creating new tail risks amplifying existing ones due to procyclicality, unknown-unknowns, need trust, optimization against system.

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ژورنال

عنوان ژورنال: Journal of Banking and Finance

سال: 2022

ISSN: ['1872-6372', '0378-4266']

DOI: https://doi.org/10.1016/j.jbankfin.2021.106290