Claim · 2024-06-30 · publication · Stated in source · Supported

The BIS Annual Economic Report 2024 (chapter III) states that the behaviour of financial institutions using the same algorithms could amplify procyclicality and market volatility by exacerbating herding, liquidity hoarding, runs and fire sales.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

III. Artificial intelligence and the economy: implications for central banks → articulates → AI raises financial-stability risks through correlated behaviour

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

III. Artificial intelligence and the economy: implications for central banksarticulates ↓AI raises financial-stability risks through correlated behaviour

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2024-06-30 · publication Records dated 2024 →
Role: Articulation
Register (kind of text): Nonfiction

Scope and limitsIt states a possible risk; it does not report observed herding.

The evidence 01

primary sourceSupports the claim

III. Artificial intelligence and the economy: implications for central banks

Bank for International Settlements · 2024-06-30

Cite the original source

Cite the original document, not Selekoa. Check these details against it.

Source excerpt

“The behaviour of financial institutions using the same algorithms could amplify procyclicality and market volatility by exacerbating herding, liquidity hoarding, runs and fire sales.”

Location in source Section ‘Financial system impact of AI’, paragraph beginning ‘The reliance of market participants on the same handful of algorithms’

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Bank for International Settlements
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 edfc9e2f0596108f4964c662268212890d005028eea3e11e9d45d1f90008adf7). Retrieved again at admission on 2026-11-06 (same file). BIS HTML chapter as served on 2026-11-02 (requested at https://www.bis.org/publ/arpdf/ar2024e3.htm, redirected to the address given)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Bank for International Settlements, “III. Artificial intelligence and the economy: implications for central banks”, 2024-06-30.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (24 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.

Date. Chapter released 25 June 2024 according to the BIS press release.

Record ID am-u01-bis-2024-aer-ch3