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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 benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
This paper highlights the distinct challenges and suggests practical solutions to the effective regulation, supervision, and crisis management for public banks. It acknowledges that public banks exist for variety of reasons (legacy, ideology, public policy) and will likely remain a feature of financial systems in a number of countries. On this basis, it provides advice on how to best incorporate public banks in the regulatory paradigm commensurate with their risk profiles.
Chapter 1 documents that near-term global financial stability risks have receded amid expectations that global disinflation is entering its last mile. However, along it, there are several salient risks and a build-up of medium-term vulnerabilities. Chapter 2 assesses vulnerabilities and potential risks to financial stability in corporate private credit, a rapidly growing asset class—traditionally focused on providing loans to midsize firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit markets in size. Chapter 3 shows that while cyber incidents have thus far not been systemic, the probability of severe cyber incidents has increased, posing an acute threat to macrofinancial stability.
The book presents a collection of papers by researchers from several different institutions on a wide range of digital issues: digitalization and literacy, game, law, culture, politics, health, economy, civil society, photograph. The book addresses researchers, educators, sociologists, lawyers, health care providers.
Up until the end of the eighteenth century, the way Ottomans used their clocks conformed to the inner logic of their own temporal culture. However, this began to change rather dramatically during the nineteenth century, as the Ottoman Empire was increasingly assimilated into the European-dominated global economy and the project of modern state building began to gather momentum. In Reading Clocks, Alla Turca, Avner Wishnitzer unravels the complexity of Ottoman temporal culture and for the first time tells the story of its transformation. He explains that in their attempt to attain better surveillance capabilities and higher levels of regularity and efficiency, various organs of the reforming ...
At the turn of the 19th century, the Ottoman Empire straddled three continents and encompassed extraordinary ethnic and cultural diversity among the millions of people living within its borders. This text provides a concise history of the late empire between 1789 and 1918, turbulent years marked by incredible social change.
Early in his career, Hitler took inspiration from Mussolini—this fact is widely known. But an equally important role model for Hitler has been neglected: Atatürk, the founder of modern Turkey, who inspired Hitler to remake Germany along nationalist, secular, totalitarian, and ethnically exclusive lines. Stefan Ihrig tells this compelling story.
Timurlu hükümdarı Mirza Şahruh döneminde kaleme alınan elinizdeki kitap, Mesihî mahlasıyla tanınan Muhammed b. Mahmud b. Fahreddin el-Fuşenci’nin kaleme aldığı Timurlu kroniklerindendir. Dünyada tek nüshası bulunan ve şimdiye kadar hiçbir araştırmacı tarafından yayınlanmamış veya herhangi bir dile tercüme edilmemiş Mesihî’nin, “İbretu’n-Nâzırîn” adlı eserini hem Türkçe çevirisini hem de Farsça neşrini elinizdeki eserle yayımlamış bulunuruyoruz. Tek nüshası British Museum’da bulunan ve Farsça olan bu eser, hicri 838 (1434-1435) yılında Herat’ta yazılmış genel bir dünya tarihi olup, Hz. Âdem’den başlayarak Timur’un ölümüne (807/1405) kadar geçen olayları anlatmıştır. Bu yönüyle adı geçen eser Timurlu dönemi kaynakları arasında önemli bir yer almaktadır.
A fully illustrated guide to paper marbling, with clear instructions, history and glossary. Perfect for beginners.