In recent years, there have been multiple examples of how floods of disinformation can
obstruct and threaten the operation of countries and companies. The COVID-19 epidemic
has been a prime example with the ensuing infodemic: from false cures and origin stories, to
disinformation about vaccine efficacy. Most of this misinformation is usually propagated
through social media, which makes it harder for governments and public organizations to
tackle this problem. Several social media platforms and fact-checking organizations are
doubling down their efforts in fact-checking, but traditional approaches are just incapable of
dealing with the sheer power of social media.
This trend is not limited to COVID-19. We have seen it in politics, where the term "fake
news" started to gain traction, not to mention the plethora of conspiracy theories such as the
flat Earth movement. It is also a major concern in banking and the stock market, as rumors
and fabricated news can make or break the value of a company. Recent examples of that are
the GameStop and WallStreetBets story and the speculation on cryptocurrencies such as
This is a widespread problem that affects several domains, and a lot of effort has been put
into measuring the spread of disinformation of different types in social media. However, there
are two standing issues. First of all, disinformation permeates a myriad of domains. Although
some components are transversal, each domain has its idiosyncrasies and imposes different
conditions on both the spread of information and its effects. In particular, we are interested in
the spread of misinformation in the banking and financial domain, and the study of
disinformation campaigns. Second of all, whereas studies in the subject have shone a light on
propagation dynamics, much less is known about the societal, behavioral, and economic
implications of disinformation, and how it affects social and economic resilience.
Consequently, this project aims to provide the tools and models to allow the study and
comparison of the behavioral, social, and economic impact of banking and financial
disinformation. The output of this project will consist of a better understanding of the impact
and dynamics of banking disinformation, and of the effectiveness of fact-checking and
disinformation-countering practices. Our goal is to provide evidence-based policy and
guidance for managing false information in national and global economics.
Proyecto I+D+i financiado en línea estratégica por el Ministerio de Ciencia, Innovación y Univesidades.