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 Oct 2019

All external publications (128)

BigTech and the changing structure of financial intermediation

External publication 1 Oct 2019

Leonardo Gambacorta

Jon Frost

and

Pablo Zbinden

Currency depreciation and emerging market corporate distress

External publication 1 Sep 2019

and

Valentina Bruno

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

Session 1: Big techs in financial services - setting the scene

Valentina Bruno

and

Se-Jik Kim

All videos (103)

01:20:29

Video 8 Feb 2023

Session 1: Big techs in financial services - setting the scene

The panel discussion looks at recent developments in big techs in finance, opportunities for innovation and financial inclusion…

Outlook for the global economy and international trade

Jon Cunliffe

Gillian Tett

Otávio Damaso

and

Wei Xong

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)

00:35:42

Podcast 18 Sep 2023

Media briefing on the BIS Quarterly Review, September 2023

Claudio Borio and Hyun Song Shin summarise the September 2023 Quarterly Review and answer journalists' questions about…

and

0:00 0:00

00:41:19

Podcast 31 Aug 2023

New financial stability risks

Interview with Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on the main risks to the global economy, bond…

0:00 0:00

00:26:12

Podcast 11 Jul 2023

The Impact of Tokenization on the Monetary System and the Need for Tokenized Central Banks

Hyun Song Shin talks with Michael Casey and Sheila Warren of Coindesk's 'Money Reimagined' about tokenisation and the unified…

0:00 0:00

00:44:33

Podcast 7 Jul 2023

Unified Ledgers, Tokenized Deposits, and Governance

Hyun Song Shin speaks to Chris Brummer about tokenization, payments and the possible future of central banking.

0:00 0:00

00:29:46

Podcast 20 Jun 2023

Improving the old, enabling the new

Hyun Song Shin explains the main elements of the unified ledger and how tokenisation can be a game changer for the monetary…

0:00 0:00

00:39:50

Podcast 24 Feb 2023

Media briefing on the BIS Quarterly Review, March 2023

Claudio Borio and Hyun Song Shin summarize the March 2023 Quarterly Review and answer journalists' questions about market…

and

0:00 0:00

Podcast 2 Dec 2022

Persistent risks in foreign exchange trades, hidden dollar debt

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

and

0:00 0:00

00:42:39

Podcast 2 Nov 2022

The strengthening US dollar: impacts and policy implications

Interview with Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on the strength of the US dollar conducted by…

0:00 0:00

00:23:30

Podcast 19 Sep 2022

Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

Claudio Borio and Hyun Song Shin summarize the September 2022 Quarterly Review and answer journalists' questions about market…

and