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 Jan 2011

Philip Wooldridge

and

Dora Xia

All external publications (128)

Precautionary demand and liquidity in payment systems

External publication 1 Jan 2011

and

Gara Afonso

Fire sale FDI

Viral V Acharya

External publication 15 Sep 2010

and

Tanju Yorulmazer

Crisis resolution and bank liquidity

Viral V Acharya

External publication 1 Jul 2010

and

Tanju Yorulmazer

Liquidity and leverage

and

External publication 1 Apr 2010

The changing nature of financial intermediation and the financial crisis of 2007-09

and

External publication 14 Jan 2010

The Squam Lake report: fixing the financial system

External publication 1 Jan 2010

and

Kenneth R French

Risk and liquidity

External publication 1 Jan 2010

Financial intermediaries and monetary economics

and

External publication 5 Nov 2009

Macro risk premium and intermediary balance sheet quantities

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Peterson Institute for…

and

Emanuel Mönch

Fintech

Speech 10 Feb 2021

Issues in the regulation of big techs in finance

Op-ed by Mr Hyun Song Shin, Economic Adviser and Head of Research at the BIS, published in Nikkei, 18 September 2020.

Fintech

Speech 23 Sep 2020

Outlook for the global financial system in the wake of the pandemic

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

Speech 30 Jun 2020

Central banks and the new world of payments

Agustín Carstens, General Manager; Luiz Pereira da Silva, Deputy General Manager; Claudio Borio, Head of the Monetary and…

Fintech

Speech 29 Jun 2020

BIS Media Briefing 29 June 2020 - Annual Economic Report 2020

Agustín Carstens

Luiz Awazu Pereira da Silva

Claudio Borio

and

BIS Media Briefing 23 June 2020 with Hyun Song Shin, Economic Adviser and Head of Research, and Benoît Coeuré, Head of BIS…

Speech 23 Jun 2020

BIS Media Briefing 23 June 2020 - Central banks and payments in the digital era

The previous quarter saw financial markets torn between two forces: trade tensions pushed them down; monetary policy easing…

and

Benoît Coeuré

Speech 7 Dec 2019

BIS Quarterly Review, December 2019 - media briefing

Claudio Borio

and

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

Speech 30 Jun 2019

Big tech in finance: opportunities and risks

The next-generation monetary and financial system

Fintech

All videos (103)

00:02:19

Video 24 Jun 2025

The next-generation monetary and financial system

Hyun Song Shin explains how tokenisation represents a transformative innovation to both improve the old and enable the new…

BIS media briefing - The next-generation monetary and financial system

00:58:55

Video 23 Jun 2025

BIS media briefing - The next-generation monetary and financial system

Hyun Song Shin and Andréa M Maechler brief the media on the main messages of Chapter III of the Annual Economic Report 2025.

Global financial system: old themes, new risks

and

Andréa M Maechler

1:25:15

Video 19 May 2025

Global financial system: old themes, new risks

Hyun Song Shin discusses the functioning of the FX swap market and how it has amplified the transmission of financial…

Treasury Market Dysfunction and the Role of the Central Bank

04:11:25

Video 28 Mar 2025

Treasury Market Dysfunction and the Role of the Central Bank

(Hyun Song Shin starts at 00:12:19) Hyun Song Shin discusses structural shifts following the Great Financial Crisis in…

Media briefing on the BIS Quarterly Review, March 2025

00:38:16

Video 10 Mar 2025

Media briefing on the BIS Quarterly Review, March 2025

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

Frank Smets

Session 3 - Tokenisation and the financial system

and

Gaston Gelos

00:21:32

Video 6 Feb 2025

Session 3 - Tokenisation and the financial system

Presentation: "Tokenisation and the financial system" by Hyun Song Shin (BIS) Moderator: Ana Aguilar (BIS)

Session 5 - Speech: Challenges for central banks in the digital era

and

Ana Aguilar

00:30:58

Video 6 Feb 2025

Session 5 - Speech: Challenges for central banks in the digital era

Speech: "Challenges for central banks in the digital era" by José Luis Escrivá (Bank of Spain) Moderator: Hyun Song Shin (BIS)

Media briefing on the BIS Quarterly Review, December 2024

and

Jose Luis Escrivá

00:46:15

Video 9 Dec 2024

Media briefing on the BIS Quarterly Review, December 2024

Claudio Borio and Hyun Song Shin summarise the December 2024 Quarterly Review and answer journalists' questions about financial…

Claudio Borio

and

Panel discussion: Systemic liquidity

01:19:09

Video 27 Sep 2024

Panel discussion: Systemic liquidity

(Hyun Song Shin starts at 00:35:11) In a high-level panel, Hyun Song Shin spoke about the duality of risk taking and risk…

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…