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Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benef
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This paper describes the first thorough analysis of the interest risk of German banks on an individual bank level. We develop a new method that is based on time
Systemic Contingent Claims Analysis
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The recent global financial crisis has forced a re-examination of risk transmission in the financial sector and how it affects financial stability. Current macr
Bank Profitability and Risk-Taking
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Traditional theory suggests that more profitable banks should have lower risk-taking incentives. Then why did many profitable banks choose to invest in untested