The rapid progress of artificial intelligence (AI) has significantly impacted industries, particularly finance and financial services, offering remarkable advancements in efficiency, decision-making and service delivery. But AI adoption has also introduced ethical, legal and societal challenges, including concerns over privacy, bias and accountability. Despite – or perhaps because of – the pace of these developments, […]
Author Archives: Meltem Chadwick
Macroeconomics and Monetary Policy
Addressing Climate Risks in Central Banks: Emerging Challenges for SEACEN Member Economies
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Climate change poses a common and potentially overwhelmingmacrofinancial risk for all SEACEN member countries.Michael D. Patra, Deputy Governor, Reserve Bank of India, 15 February 2024 Introduction Many SEACEN economies are acutely vulnerable to natural disasters and the broader impact of climate change. Figure 1 illustrates the mean temperature and precipitation change within the last century […]