Hyun Song Shin

and

Jose María Vidal Pastor

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 1337 16 Mar 2026

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

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 Bulletin No 105 20 Jun 2025

US dollar's slide in April 2025: the role of FX hedging

Currency hedging by non-US investors holding US dollar securities appears to have made an important contribution to the…

External publication 1 Oct 2019

Philip Wooldridge

and

Dora Xia

All external publications (128)

Currency depreciation and emerging market corporate distress

External publication 1 Oct 2019

and

Valentina Bruno

BigTech and the changing structure of financial intermediation

External publication 1 Sep 2019

Leonardo Gambacorta

Jon Frost

and

Pablo Zbinden

The dollar, bank leverage, and the deviation from covered interest parity

External publication 1 Feb 2019

Stefan Avdjiev

Cathérine Tahmee Koch

and

Wenxin Du

The dollar exchange rate as a global risk factor: evidence from investment

External publication 1 Nov 2018

Stefan Avdjiev

Valentina Bruno

and

Cathérine Tahmee Koch

Liquidity, leverage, and regulation 10 years after the global financial crisis

External publication 1 Jul 2018

John Kiff

and

Tobias Adrian

Why bank capital matters for monetary policy

External publication 1 May 2018

and

Leonardo Gambacorta

Central bank forward guidance and the signal value of market prices

External publication 1 May 2018

and

Stephen Morris

Exchange rates and monetary spillovers

External publication 1 May 2018

and

Guillaume Plantin

Exchange rates and the working capital channel of trade fluctuations

Speech by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on the occasion of the Bank's Annual General…

Valentina Bruno

and

Se-Jik Kim

All speeches (65)

Speech 24 Jun 2018

Cryptocurrencies and the economics of money

Fintech

Speech 10 Mar 2018

BIS Quarterly Review, March 2018 - media briefing

and

Speech 2 Dec 2017

BIS Quarterly Review, December 2017 - media briefing

and

Speech 14 Nov 2017

and

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS - Basel, 25 June 2017.

Speech 25 Jun 2017

Globalisation: real and financial

Speech by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the High-level roundtable on central banking…

Speech 10 May 2017

Monetary policy challenges posed by global liquidity

Keynote address: Digital payments and ecosystems

All videos (103)

00:39:52

Video 8 Feb 2023

Keynote address: Digital payments and ecosystems

Jean Tirole discusses digital payments and ecosystems.

Outlook for the global economy and international trade

and

Jean Tirole

00:26:50

Video 1 Feb 2023

Outlook for the global economy and international trade

Hyun Song Shin discusses global trade patterns as the context for the sharp downturn in Korean goods exports and shows the…

Panel on central bank independence and the development of payments and central bank digital currencies

01:16:35

Video 10 Jan 2023

Panel on central bank independence and the development of payments and central bank digital currencies

Hyun Song Shin - Digital Currencies

Tobias Adrian

Ravi Menon

Cecilia Skingsley

and

Gary Gorton

00:55:57

Video 7 Dec 2022

Hyun Song Shin - Digital Currencies

At an economics roundtable hosted by the University of California at San Diego, Hyun Song Shin discusses central bank digital…

BIS Quarterly Review, December 2022 - media briefing

00:48:30

Video 2 Dec 2022

BIS Quarterly Review, December 2022 - media briefing

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer…

and

Building a crypto ecosystem: the necessary pieces

5:19:25

Video 11 Oct 2022

Building a crypto ecosystem: the necessary pieces

FTX founder Sam Bankman-Fried chats with CNBC's Kate Rooney at DC Fintech Week.

BIS Quarterly Review, September 2022 - media briefing

00:31:54

Video 16 Sep 2022

BIS Quarterly Review, September 2022 - media briefing

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS September 2022 Quarterly Review.

and

Monetary and Financial Sector Policy to Support Stability and Recovery

03:41:31

Video 17 Jul 2022

Monetary and Financial Sector Policy to Support Stability and Recovery

Hyun Song Shin spoke about the prospects of a hard or soft landing for the global economy.

After the crypto crash: the future role of CBDC

and

Ceyla Pazarbasioglu

01:19:02

Video 30 Jun 2022

After the crypto crash: the future role of CBDC

The future role of CBDC with Hyun Shin.

All podcasts (40)

00:35:19

Podcast 29 Jun 2022

Crypto, CBDCs, and designing money

Hyun Song Shin speaks to Chris Brummer about crypto, CBDCs, and designing money. More information about the podcast is…

0:00 0:00

00:17:30

Podcast 21 Jun 2022

The future monetary system

What will the future of the monetary system look like? Hyun Song Shin presents a blueprint for the future monetary system as…

0:00 0:00

00:48:37

Podcast 14 Jan 2022

The BIS in the age of digital money

Hyun Song Shin explains the role BIS plays in connecting central banks around the world to facilitate economic and financial…

0:00 0:00

00:47:08

Podcast 24 Jun 2021

CBDCs and the future of central banking

Hyun Song Shin discusses the future of central bank digital currencies, as outlined in Chapter III of the 2021 Annual Economic…

0:00 0:00

00:29:55

Podcast 23 Jun 2021

CBDCs - an opportunity for the monetary system

Benoit Coeuré and Hyun Song Shin discuss Chapter 3 of the Annual Economic Report on CBDCs and how the BIS sees them best…

and

Benoît Coeuré

0:00 0:00

00:26:41

Podcast 23 Jun 2021

CBDCs: the BIS' annual overview

Hyun Song Shin discusses how central bank digital currencies can contribute to an open, safe and competitive monetary system…

and

Chris Brummer

0:00 0:00

00:45:47

Podcast 2 Jul 2020

What central banks have learned from the crisis

Hyun Song Shin discusses the new policymaker toolbox that has emerged during the coronavirus crisis and what more needs to be…

0:00 0:00

00:10:49

Podcast 24 Jun 2020

Central banks and payments in the digital era

Hyun Song Shin discusses how central banks, as guardians of the safety and integrity of the payment system, must keep evolving…

0:00 0:00

00:11:45

Podcast 18 Dec 2019

The BIS Innovation Hub explained

Hyun Song Shin explains how the BIS Innovation Hub, a new project designed to support central bank collaboration on new…