00000cam 2200000zi 4500 9.966911 CaOODSP 20261026161410 m o d f cr |n||||||||| 261019e20261016oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2026-40E-PDF Ojea-Ferreiro, Javier, author. Artificial intelligence and financial tail risks / Javier Ojea-Ferreiro, Andrea Ugolini, Juan C. Reboredo. [Ottawa] : Bank of Canada = Banque du Canada, October 16, 2026. ©2026 1 online resource ([i], 43 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2026-40 ISSN assigned to different series. Includes bibliographical references. "Artificial intelligence (AI) has a double-edged relationship with financial stability: it may improve efficiency and risk management, while also creating new vulnerabilities and amplification channels. This paper studies whether market-perceived exposure to AI is reflected in the tails of financial-sector returns, and whether this relationship depends on macroeconomic conditions. We develop a framework that decomposes financial-sector tail outcomes across contemporaneous AI and macroeconomic scenarios, and identifies whether the AI-related episodes are primarily associated with extreme gains or losses"--page [i]. Artificial intelligence Financial applications. Artificial intelligence Risk assessment. Intelligence artificielle Applications financières. Intelligence artificielle Évaluation du risque. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2026-40. (CaOODSP)9.806221 PDF 3.18 MB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2026-40-eng.pdf