Artificial intelligence and systemic risk

Jon Danielsson, Robert Macrae, Andreas Uthemann

Artificial intelligence (AI) is rapidly changing how the financial system is operated, taking over core functions because of cost savings and operational efficiencies. AI will assist both risk managers and microprudential authorities. It meanwhile has the potential to destabilise the financial system, creating new tail risks and amplifying existing ones due to procyclicality, endogenous complexity, optimisation against the system and the need to trust the AI engine

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Year of publication:	[2018] ; This version March 2020
Authors:	Daníelsson, Jón ; Macrae, Robert ; Uthemann, Andreas
Publisher:	London : Systemic Risk Centre, The London School of Economics and Political Science
Subject:	Artificial intelligence \| systemic risk \| Künstliche Intelligenz \| Systemrisiko \| Systemic risk \| Finanzkrise \| Financial crisis

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Extent:	1 Online-Ressource (circa 23 Seiten) Illustrationen
Series:	SRC special paper : special paper series. - London : Systemic Risk Center, The London School of Economics and Political Science, ISSN 2055-0375, ZDB-ID 2956029-9. - Vol. no 16 (September 2018)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.2139/ssrn.3410948 [DOI]
Classification:	G00 - Financial Economics. General ; G38 - Government Policy and Regulation ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012213445