The Financial Economy Review dedicates its latest issue to finance in the age of artificial intelligence.

This ambitious volume, featuring 17 articles written by 25 contributors — researchers, central bankers, supervisors, and financial experts — offers an in-depth exploration of the major transformations that artificial intelligence (AI) is bringing to the financial sector.

A Technological Revolution at the Heart of Finance

Artificial intelligence is reshaping the financial industry: data analysis, risk management, service personalization, modeling, forecasting...

AI tools — especially generative AI — provide enhanced capabilities for processing information, enhancing productivity, and improving decision-making.

But this rapid transformation also brings new challenges: algorithmic biases, model opacity, systemic risks, increased market volatility, and technological inequalities between institutions.
The central question remains how to ensure responsible AI development aligned with human, economic, and societal objectives.

Three key areas of analysis

The issue is structured around three sections reflecting the diversity of these challenges:

1. The economic and financial implications of AI deployment

With contributions from Cédric Villani, Philippe Aghion & Antonin Bergeaud, Antonin Bergeaud, Agnès Bénassy-Quéré, these articles examine how AI and new technologies drive growth, transform research productivity, and reshape choices related to industrial policy and the organization of the financial system.

2. The impact of AI on the financial sector

The authors analyze practical applications of AI in market finance, credit, and investment, new valuation models, and the effects on competition and financial stability.

3. The risks and supervision of AI

This final section explores the regulatory and ethical challenges posed by AI, as well as possible responses from supervisory authorities and international institutions.

High-level contributions

This issue brings together leading voices, including:

Marie BRIERE, Cedric VILLANI, Philippe AGHION, Philippe AGHION, Antonin BERGEAUD, Antonin BERGEAUD, Antonin BERGEAUD, Agnès BÉNASSY-QUÉRÉ, David ZHANG, Xavier BOILEAU, Jean-Paul MAZOYER, Charles-Albert LEHALLE, Thierry FOUCAULT, Christophe FOUCAULT, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe HURLIN, Christophe PERIGNON, Christophe PERIGNON, Christophe PÉRIGNON, Christophe PERIGNON, Andrew W. LO, Andrew W. LO, Andrew W. LO, Jillian ROSS, Tobias ADRIAN, Benjamin MOSK, Jason WU, Christine BALAGUÉ, Thierry FOUCAULT, Christophe GUAGLIANO, Valentina MEJDAHL, Iota Kaousar NASSR, Iota Kaousar NASSR, Claude DIEBOLT, Alain-Gerard SLAMA, Jason LERMYTE

Their combined perspectives help clarify how artificial intelligence is reshaping economic, financial, and technological equilibrium, while raising questions about the conditions needed for sustainable and inclusive innovation.

“AI can steer innovation toward quality rather than quantity, provided its use is regulated without stifling competition,” Note Philippe Aghion in his contribution.

A publication at the heart of the Institut Louis Bachelier's mission

This issue fits squarely within the FAIR programme of the Louis Bachelier Institute, which explores the intersections between finance, insurance, and artificial intelligence.

By bringing together economists, practitioners, and regulators, it sheds light on the major challenges of technological innovation and its regulation in the service of society.

➡️ Discover the special issue of the Revue d'Économie Financière — Finance in the Age of Artificial Intelligence

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