Credibility, trust, and perception of authorities’ performance
The credibility of an institution is, almost, synonymous with how well it is trusted. This column uses survey data to examine how trust in various...
The credibility of an institution is, almost, synonymous with how well it is trusted. This column uses survey data to examine how trust in various...
Artificial intelligence can act to either stabilise the financial system or to increase the frequency and severity of financial crises. This second...
The rapid adoption of artificial intelligence is transforming the financial industry. This first of a two-column series argues that AI may either...
Financial crises are not complicated, and many claim to know why they happen and how to prevent them. Why then do they happen with such alarming...
Banks remain fragile, which could be reduced if they held more equity and less debt. Bankers, however, fear this could affect their compensation...
Safety and stability are essential for public utilities. But they face pressure to innovate to keep up with technological innovation, environmental...
Artificial intelligence will both be of considerable help to the financial authorities and bring new challenges. This column argues the authorities...
Risk model hallucination happens when models are forced to forecast the likelihood of extreme events in cases where they have not been trained with...
As artificial intelligence makes inroads into the financial system, it exacerbates existing channels of instability and creates new ones. This column...
In January 2020, the Greek government appointed a Commission to propose a growth plan for the Greek economy. The Pissarides Commission produced a...
The use of artificial intelligence in the private sector is accelerating, and the financial authorities have no choice but to follow if they are to...
Pedro Duarte Neves says stress tests must evolve to capture systemic, liquidity and cyber risks.
This policy note summarises the main empirical findings on the effectiveness of macroprudential policy: macroprudential policy contributes to a...
Single point forecasts for growth, inflation, interest rates, and so on are easy to comprehend and to check against outcomes, and are what otherwise...
Artificial intelligence is expected to be widely used by central banks as it brings considerable cost saving and efficiency benefits. However, as this...
Crypto-promoters and financial authorities are split on the future of cryptocurrencies. Should crypto join the mainstream or remain in the wilderness...