Hyun Song Shin

BIS Working Paper No 1337 16 Mar 2026

and

Jose María Vidal Pastor

Introducing BISTRO: a foundational model for unconditional and conditional forecasting of macroeconomic time series

This article introduces the BIS Time-series Regression Oracle (BISTRO), a general purpose time series model for macroeconomic…

Batuhan Koyuncu

Byeungchun Kwon

Marco Jacopo Lombardi

and

Publication 16 Mar 2026

BISTRO: a general purpose oracle for macroeconomic time series

Batuhan Koyuncu

Byeungchun Kwon

Marco Jacopo Lombardi

and

BIS Working Paper No 1335 10 Mar 2026

Tokenomics and blockchain fragmentation

Money is a coordination device underpinned by strong network effects: the more others accept a form of money, the more I wish…

BIS Bulletin No 118 3 Dec 2025

International footprint of global firms: residence and nationality perspectives on maritime shipments

Nationality-based measurement that consolidates firms according to the nationality of the ultimate parent firm provides new…

Han Qiu

BIS Working Paper No 1301 11 Nov 2025

and

Leanne Si Ying Zhang

Competing digital monies

We compare three competing digital payment instruments: bank deposits, digital platform tokens and central bank digital…

Jon Frost

Jean-Charles Rochet

BIS Working Paper No 1299 16 Oct 2025

and

Marianne Verdier

Mapping the space of central bankers' ideas

This paper explores the landscape of economic ideas as revealed in the machine learning embedding of a comprehensive dataset of…

Taejin Park

and

BIS Bulletin No 111 13 Aug 2025

An approach to anti-money laundering compliance for cryptoassets

Existing anti-money laundering (AML) approaches relying on trusted intermediaries have limited effectiveness with decentralised…

Iñaki Aldasoro

Jon Frost

Sang Hyuk Lim

and

BIS Working Paper No 1273 20 Jun 2025

Global portfolio investments and FX derivatives

We show that outstanding volumes in FX swaps serve as a good indicator for the hedging activity associated with portfolio…

Tsvetelina Nenova

Andreas Schrimpf

and

External publication 1 Mar 2004

All external publications (128)

Liquidity black holes

and

External publication 1 Feb 2004

Coordination risk and the price of debt

and

External publication 1 Jan 2004

Does one Soros make a difference? A theory of currency crises with large and small traders

External publication 1 Nov 2003

Giancarlo Corsetti

and

Amil Dasgupta

Disclosures and asset returns

External publication 1 Jan 2003

Global games: theory and applications

and

External publication 1 Dec 2002

Social value of public information

and

External publication 1 Feb 2002

Equilibrium departures from common knowledge in games with non-additive expected utility

External publication 1 Jan 2001

and

Sujoy Mukerji

Rethinking multiple equilibria in macroeconomic modelling

and

External publication 1 Dec 2000

Global imbalances and the international footprint of firms: what role for exchange rates?

Speech by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Joint G20/IMF seminar on global…

Extract of an article by Mr Agustín Carstens, General Manager of the BIS, and Mr Hyun Song Shin, Economic Adviser and Head of…

Speech 22 Mar 2019

Emerging markets aren't out of the woods yet

and

The period under review started just the way the last one ended. In the second half of December, the risk-off phase persisted.

Speech 4 Mar 2019

BIS Quarterly Review, March 2019 - media briefing

and

Lecture by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, University of Cambridge, 22 January 2019.

Speech 7 Feb 2019

Distributed ledger technology and large value payments: a global game approach

It was not the first, and it will not be the last. It was just another bump along the narrow path of monetary policy…

Fintech

Speech 15 Dec 2018

BIS Quarterly Review, December 2018 - media briefing

and

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the conference on "Cryptocurrencies and…

Speech 9 Nov 2018

Distributed ledger technology and large value payments: a global game approach

Speech 22 Sep 2018

BIS Quarterly Review, September 2018 - media briefing

and

Translation of an article by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, in the Frankfurter Allgemeine…

Speech 17 Sep 2018

Reflections on the Lehman collapse, 10 years later

The future monetary system

All videos (103)

00:21:59

Video 26 Jun 2022

The future monetary system

Hyun Song Shin lays out the BIS's vision for the future monetary system. Read more in our Annual Economic Report.

BIS Media Briefing - Annual Economic Report 2022

00:56:26

Video 23 Jun 2022

BIS Media Briefing - Annual Economic Report 2022

Agustín Carstens, Claudio Borio and Hyun Song Shin brief the media on the main messages of the Annual Economic Report.

and

The future monetary system

00:01:58

Video 21 Jun 2022

The future monetary system

What will the future of the monetary system look like? A chapter in the BIS 2022 Annual Economic Report lays out a blueprint…

BIS Media Briefing - The future monetary system

00:45:22

Video 20 Jun 2022

BIS Media Briefing - The future monetary system

Hyun Song Shin briefs the media on the main messages of Chapter III of the Annual Economic Report.

Commodity market disruptions, growth and inflation

00:31:04

Video 2 Jun 2022

Commodity market disruptions, growth and inflation

Keynote speech by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on commodity market disruptions, growth and…

Central bank digital currencies: motives, economic implications and the research frontier

01:02:55

Video 6 Apr 2022

Central bank digital currencies: motives, economic implications and the research frontier

The role of DeFi in future financial markets

01:12:21

Video 4 Apr 2022

The role of DeFi in future financial markets

DeFi is sometimes said to be the next big thing in finance. Yet beyond stablecoins using official units of account, links with…

In conversation with Roberto de Oliveira Campos Neto about payments innovation in Brazil

Thomas Eichenberger

Iota Nassr

Jan Brzezek

and

Evan Van Ness

00:26:59

Video 23 Mar 2022

In conversation with Roberto de Oliveira Campos Neto about payments innovation in Brazil

Roberto Campos de Neto, Governor of the Central Bank of Brazil, talks about payments innovation in Brazil, the opportunities…

and

Roberto de Oliveira Campos Neto

00:44:09

CBDCs in broader context

Video 22 Mar 2022

CBDCs in broader context

National Association for Business Economics 38th Annual Economic Policy Conference.

All podcasts (40)

00:32:14

Frank Smets, Hyun Song Shin and Gaston Gelos with BISness podcast branding

Podcast 16 Mar 2026

Media briefing on the BIS Quarterly Review, March 2026

Hyun Song Shin summarises the March 2026 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers journalists…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:24:14

Huyn Song Shin, Goetz von Peter and Andreas Schrimpf with BISness podcast branding

Podcast 8 Dec 2025

Shifting currents in FX and interest rate derivatives

Listen to the BISness podcast of Hyun Song Shin, Andreas Schrimpf and Goetz von Peter discussing the analysis of the BIS…

Goetz von Peter

and

Andreas Schrimpf

0:00 0:00

00:24:14

Podcast 5 Dec 2025

Media briefing on the BIS Quarterly Review, December 2025

Hyun Song Shin summarises the December 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:49:25

Podcast 23 Oct 2025

Why the world started hedging its US Dollar exposure

Hyun Song Shin speaks to Odd Lots about the weaker US dollar in 2025 and the role of hedging strategies.

0:00 0:00

00:46:11

Podcast 12 Sep 2025

Media briefing on the BIS Quarterly Review, September 2025

Hyun Song Shin summarises the September 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:23:23

Podcast 2 Jul 2025

Stablecoins

Top central bankers aren't impressed with the global stablecoin craze. Host Carmel Crimmins from Thomson Reuters talks to Hyun…

0:00 0:00

00:23:47

Podcast 29 Jun 2025

Stability amid uncertainty

Agustín Carstens and Hyun Song Shin discuss the trade disruptions and policy uncertainty that are clouding the global economic…

and

0:00 0:00

Podcast 26 Jun 2025

BIS Media Briefing - Annual Economic Report 2025

Agustín Carstens, Andréa M Maechler and Hyun Song Shin brief the media on the main messages of the Annual Economic Report.

and

Andréa M Maechler

0:00 0:00

00:19:57

Podcast 24 Jun 2025

The next-generation monetary and financial system

Hyun Song Shin explains how tokenised platforms with central bank reserves, commercial bank money and government bonds can…