a column by Jon Danielsson, Robert Macrae and Andreas Uthemann for VOX: CEPR’s Policy Portal
Artificial intelligence, such as the Bank of England Bot, is set to take over an increasing number of central bank functions.
This column argues that the increased use of AI in central banking will bring significant cost and efficiency benefits, but also raise important concerns that are so far unresolved.
Continue reading carefully, thoughtfully, and right to the end, please. I find the idea somewhat frightening. Maybe I shouldn’t but without a stop button who’s to say where any Central Bank could end up.
Labels:
artificial_intelligence, machine_learning, financial_supervision, risk_management, systemic_risk, micro-prudential_supervision, AI, Central Bank_,
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