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Algorithmic trading based on machine learning already accounts for 60-70% of equity transaction volumes in the US and other major global markets. Large language models (LLMs) are increasingly being used by retail investors to obtain financial advice cepr.org/voxeu/column...
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Artificial intelligence is rapidly transforming financial decision-making. This column explores the implications for financial stability using simulation-based experiments on two different AI architec...
cepr.org
Financial stability in the age of artificial intelligence: The role of algorithmic architecture
Linda Yueh