Artificial Intelligence and Finance: Competition, Crimes and Financial Management

Artificial intelligence (AI) has been increasingly shaping the organization and operation of global capital markets by backing the consequences of algorithmic trading. However, concerns about the growing contribution of AI are mounting, particularly in relation to its potential to destabilize fair and orderly trading. This book examines the impact of AI on finance, financial management, competition, and crimes. It presents the AI-driven economy by combining a theoretical framework with econometric analysis and involves a discussion of the intersection of novel areas, including blockchain and AI. It investigates the AI-driven economy from four perspectives: economic impacts and financial implications, technological innovation, and political considerations. This interdisciplinary approach enables a holistic analysis of the subject, ensuring its relevance. The book begins by signaling the latest advancements in AI and its significance for the economy, presenting new forms of finance. It investigates the role of AI within financial markets, followed by an analysis of the role of AI on developments in finance, financial management, and governance, with an emphasis on the metaverse and Non-Fungible Tokens (NFTs), Central Bank Digital Currencies (CBDCs), cyber assets, and digital currencies. The role of competition in finance is highlighted, and financial crimes and their influence on financial markets are examined. The book will find an audience among researchers and students in the field of economics, finance, or business, as well as economists, lawyers, and financial and cybersecurity professionals.