Naslov (eng)

AI in the Central Banks of the Western Balkans: Adoption, Challenges, and Prospects

Autor

Manić, Slavica
Glišić, Iva

Publisher

Opis (eng)

Abstract The changes in technological development driven by artificial intelligence (AI) are substantial and rapid, and central banks are not exempt. Implementing AI in the central banks of Western Balkan countries offers opportunities but also presents challenges and increases risks. That is why our aim is to analyze current advancements in the region’s central banks regarding AI implementation, as well as possibilities for further growth. This review paper relies on relevant publications, including working papers, research outputs, and official announcements that reference AI and related concepts. The overall conclusion is that, while research and ideas are not necessarily lacking, implementation lags behind. It is hindered by numerous obstacles, particularly data quality and availability, followed by privacy issues, lack of human capital, and the difficulty of aligning the enduring mandates of central banks with rapidly evolving AI technologies. Nevertheless, the region’s central banks have already begun the journey towards integrating AI, even if progress remains gradual.

Jezik

engleski

Datum

2025

Licenca

Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY-NC-ND 4.0 - Creative Commons Autorstvo - Nekomercijalno - Bez prerada 4.0 International License.

http://creativecommons.org/licenses/by-nc-nd/4.0/legalcode

Predmet

Keywords: central banks, AI, Western Balkan

Deo kolekcije (1)

o:28218

Ekonomski fakultet