Thank you @JonDanielsson for joining us recently for the GES Seminar: Adopting Artificial Intelligence (AI) - At what cost to financial stability? It was a fascinating event and we really appreciate you taking the time to answer our questions!
Artificial intelligence introduces novel financial stability risks that the financial authorities may be unprepared for, raising the spectre of faster, more vicious financial crises, @JonDanielsson on what needs to be done, @voxeu#AIcepr.org/voxeu/columns/artif…
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival; such drastic behavioural changes render statistical analyses based on normal times ineffective, @JonDanielsson@voxeucepr.org/voxeu/columns/one-t…
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival, with such changes rendering statistical analyses based on normal times ineffective.
@JonDanielsson@LSE_SRCow.ly/AWVB50Uwo1u
The one-in-a-thousand-day problem. Banks prioritise self-preservation in times of extreme stress, causing perhaps the most significant harm caused by financial crises.
cepr.org/voxeu/columns/one-t…
The myth of the riskometer. Is risk accurately measured where financial engineers, like civil engineers, design safe products with sophisticated math. No. The laws of finance react to financial engineers’ creations, rendering risk calculations invalid.
cepr.org/voxeu/columns/myth-…
The tools my life runs on. What is impressive, and what is tolerated. All can be replaced, except one without which I would stop working.
modelsandrisk.org/blog/tools…
🤖 El próximo 24/9/24 a las 18:30h celebraremos en nuestra sede el seminario «Inteligencia artificial y estabilidad financiera» impartido por @JonDanielsson. Os esperamos 👇
policy.fedea.net/inteligenci…