Global Financial Stability Report, October 2024 : Steadying the Course: Uncertainty, Artificial Intelligence, and Financial Stability.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

Global Financial Stability Report; Global Financial Stability Report No 2024/002

Global Financial Stability Report

Language:

English

Physical Description:

1 online resource (128 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2024.

Summary:

Chapter 1 shows that although near-term financial stability risks have remained contained, mounting vulnerabilities could worsen future downside risks by amplifying shocks, which have become more probable because of the widening disconnect between elevated economic uncertainty and low financial volatility. Chapter 2 presents evidence that high macroeconomic uncertainty can threaten macrofinancial stability by exacerbating downside tail risks to markets, credit supply, and GDP growth. These relationships are stronger when debt vulnerabilities are elevated, or financial market volatility is low (during episodes of a macro-market disconnect). Chapter 3 assesses recent developments in AI and Generative AI and their implications for capital markets. It presents new analytical work and results from a global outreach to market participants and regulators, delineates potential benefits and risks that may arise from the widespread adoption of these new technologies, and makes suggestions for policy responses.

Notes:

Description based on print version record.

ISBN:

9798400277689