Hyun Song Shin

BIS Working Paper No 1245 21 Feb 2025

Philip Wooldridge

and

Dora Xia

Putting AI agents through their paces on general tasks

Multimodal large language models (LLMs), trained on vast datasets are becoming increasingly capable in many settings. However,…

Fernando Perez-Cruz

and

BIS Working Paper No 1210 10 Sep 2024

Which exchange rate matters to global investors?

How do exchange rates affect the asset allocation of bond portfolio investors? Using detailed security-level holdings, we find…

Kristy Jansen

BIS Paper No 146 11 Jun 2024

and

Goetz von Peter

Central bank capital and trust in money: lessons from history for the digital age

Historically, central banks have at times operated successfully with negative equity. This indicates that a negative equity…

Sarah Bell

Jon Frost

Boris Hofmann

Damiano Sandri

and

BIS Bulletin No 87 30 May 2024

Next generation correspondent banking

Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing…

Rodney Garratt

Priscilla Koo Wilkens

and

BIS Working Paper No 1168 20 Feb 2024

Corporate payout policy: are financial firms different?

It is well documented that financial firms display a larger corporate pay-out propensity than non-financial firms. By using an…

Emmanuel Caiazzo

Leonardo Gambacorta

Tommaso Oliviero

and

BIS Bulletin No 83 4 Jan 2024

Testing the cognitive limits of large language models

When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language…

Fernando Perez-Cruz

and

BIS Working Paper No 1137 26 Oct 2023

International portfolio frictions

We study patterns and implications of global asset allocations of European insurers and banks using newly available supervisory…

Wenxin Du

Alessandro Fontana

Petr Jakubík

Ralph S J Koijen

and

BIS Bulletin No 78 3 Oct 2023

Mapping the realignment of global value chains

The latest firm-level network data reveal that global value chains have lengthened, although without the accompanying network…

Han Qiu

External publication 2 Feb 1999

and

Leanne Si Ying Zhang

All external publications (128)

A violation of dominance and the consumption value of gambling

External publication 1 Nov 1998

Johnnie E V Johnson

and

Raymond O'Brien

A theory of the onset of currency attacks

and

External publication 1 Jul 1998

Adversarial and inquisitorial procedures in arbitration

External publication 1 Jun 1998

Unique equilibrium in a model of self-fulfilling currency attacks

and

External publication 1 Jan 1998

International environmental agreements under uncertainty

External publication 1 Jun 1997

and

Seong-lin Na

The rationality and efficacy of decisions under encertainty and the value of an experiment

and

External publication 1 Apr 1997

Approximate common knowledge and coordination: some lessons from game theory

and

External publication 1 Apr 1996

How much common belief is necessary for a convention?

External publication 1 Jan 1996

and

Timothy Williamson

All videos (103)

00:02:19

The next-generation monetary and financial system

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…

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)

00:59:03

Podcast 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.

and

Andréa M Maechler

0:00 0:00

00:35:29

Podcast 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

and

Gaston Gelos

0:00 0:00

00:46:22

Podcast 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…

and

0:00 0:00

00:32:03

Podcast 16 Sep 2024

Media briefing on the BIS Quarterly Review, September 2024

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

and

0:00 0:00

00:38:24

Podcast 29 Aug 2024

How big the Yen carry trade really is

Interview with Hyun Song Shin, Economic Adviser and Head of the Monetary and Economic Department. He walks us through the…

0:00 0:00

00:21:19

Podcast 25 Jun 2024

AI and the economy: implications for central banks

Hyun Song Shin discusses the benefits and challenges for central banks of the latest artificial intelligence technology.

0:00 0:00

00:33:20

Podcast 3 Apr 2024

Media briefing on the launch of Project Agorá

Cecilia Skingsley and Hyun Song Shin explain the BIS's new project to test the tokenization of commercial and central bank…

and

Cecilia Skingsley

0:00 0:00

00:32:21

Podcast 4 Mar 2024

Media briefing on the BIS Quarterly Review, March 2024

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

and

0:00 0:00

00:37:10

Podcast 4 Dec 2023

Media briefing on the BIS Quarterly Review, December 2023

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

and