Artificial Intelligence and Economic Policies: Applications in the Financial and Monetary Sector

Authors

  • Mohammed Madlool Ali Al-Sultani Department of Economics, Faculty of Administration & Economics, University of Babylon, Republic of Iraq
  • Nooraldeen Sabah Mahdi Kamalaldeen Department of Economics, Faculty of Administration & Economics, University of Babylon, Republic of Iraq
  • Hawraa Jabbar Mazhar Al-Fatlawi Department of Economics, Faculty of Administration & Economics, University of Babylon, Republic of Iraq

DOI:

https://doi.org/10.5281/

Keywords:

Artificial Intelligence, Financial Sector, Monetary Sector

Abstract

This study aims to explore the importance and benefits of artificial intelligence (AI) and its potential in understanding modern developments and trends, as well as its applications in financial and monetary institutions. It examines AI's contribution to increased profitability and reduced costs through improved financial services and performance within the framework of monetary and banking policy. Furthermore, it explores how AI can leverage its ability to handle large amounts of data, identify effective trends, and make diverse and informed choices that can lead to increased productivity and improved decision-making processes within these institutions. AI also plays a role in implementing effective measures to prevent financial fraud and scams. Additionally, it has the potential to develop advanced investment strategies that benefit financial and monetary institutions, enabling them to perform their specific tasks such as credit scoring, financial evaluation, and portfolio optimization for users and clients.

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Published

2026-10-22

Issue

Vol. 58 (2026): CJZMI

Section

Articles

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How to Cite

Artificial Intelligence and Economic Policies: Applications in the Financial and Monetary Sector. (2026). Czech Journal of Multidisciplinary Innovations, 58, 27-40. https://doi.org/10.5281/