Ilhyock Shim

Ilhyock Shim

Senior Economist
Monetary and Economic Department, Financial Stability and Markets for Asia and the Pacific

Ilhyock Shim is senior economist at the BIS Representative Office for Asia and the Pacific located in Hong Kong SAR. His primary responsibility is to conduct research on financial regulation, financial markets and financial stability. Before he was assigned to the BIS Representative Office in 2007, he had worked for the BIS in Basel for three years as economist at the Financial Institutions and Infrastructure Unit of the Monetary and Economic Department. He began his career as deputy director in the Korean government in 1996. Between 1997 and 1999, he worked at Ministry of Finance and Economy as deputy director in charge of the deposit insurance system and financial sector restructuring. From December 2009 to November 2010, he was seconded from the BIS as an advisor to the G20 Affairs Office. He holds a Bachelor and a Master in Economics from Seoul National University, and a Ph.D. in Economics from Stanford University.


Fields of interest

  • Financial markets
  • Financial institutions and micro-prudential issues
  • Financial stability and macro-prudential issues

Selected Publications

  • "Dynamic Prudential Regulation: Is Prompt Corrective Action Optimal?", Journal of Money, Credit and Banking, Vol. 43, No. 8.
  • "A Model of the IMF as a Coinsurance Arrangement", with Ralph Chami and Sunil Sharma, Economics e-journal, special issue on Recent Developments in International Money and Finance, available since May 9, 2008. Also, in Dollars, Debt, and Deficits: Sixty Years After Bretton Woods, Bank of Spain - IMF, 2005.
  • "Distress Selling and Asset Market Feedback", with Goetz von Peter, Financial Markets, Institutions and Instruments, Vol. 16, Issue 5 (Dec. 2007).
  • "Forbearance and Prompt Corrective Action", with Narayana R. Kocherlakota, Journal of Money, Credit and Banking, Vol. 39, No. 5 (Aug. 2007).
  • "What can (Macro-)prudential Policy do to Support Monetary Policy?" with Claudio Borio, in Proceedings of an International Symposium "Inflation targeting in emerging market countries" organised by the Bank of Thailand in Bangkok, Thailand, on 13-14 November 2006.