Hyun Song Shin

All BIS publications (77)

BIS Working Paper No 1121 7 Sep 2023

Margins, debt capacity, and systemic risk

Debt capacity depends on margins. When set in a financial system context with collateralized borrowing, two additional features…

Sirio Aramonte

Andreas Schrimpf

and

Hyun Song Shin

BIS Working Paper No 1109 7 Jul 2023

Original sin redux: role of duration risk

We highlight the role of duration and exchange rate risks on portfolio flows by using a unique and comprehensive database of US…

Carol Bertaut

Valentina Bruno

and

Hyun Song Shin

BIS Bulletin No 73 11 Apr 2023

Stablecoins versus tokenised deposits: implications for the singleness of money

Private tokenised monies that circulate as bearer instruments, like stablecoins, may entail departures in their relative…

Rodney Garratt

and

Hyun Song Shin

BIS Working Paper No 1075 21 Feb 2023

Overcoming original sin: insights from a new dataset

This paper introduces a new dataset on emerging market sovereign bonds, distinguishing between the currency of denomination and…

Mert Onen

Hyun Song Shin

and

Goetz von Peter

BIS Working Paper No 1070 25 Jan 2023

Theory of supply chains: a working capital approach

This paper presents a "time-to-build" theory of supply chains which implies a key role for the financing of working capital as…

Se-Jik Kim

and

Hyun Song Shin

BIS Working Paper No 1065 19 Jan 2023

The Bank of Amsterdam and the limits of fiat money

Central banks can operate with negative equity, and many have done so in history without undermining trust in fiat money…

Wilko Bolt

Jon Frost

Hyun Song Shin

and

Peter Wierts

BIS Working Paper No 1057 13 Dec 2022

Macro-financial stability frameworks: experience and challenges

Since the 2008–9 Great Financial Crisis, major advanced economies (AEs) have used monetary and macroprudential policies…

Claudio Borio

Ilhyock Shim

and

Hyun Song Shin

BIS Working Paper No 1053 22 Nov 2022

How abundant are reserves? Evidence from the wholesale payment system

Before the era of large central bank balance sheets, banks relied on incoming payments to fund outgoing payments in order to…

Gara Afonso

Darrell Duffie

Lorenzo Rigon

and

Hyun Song Shin

BIS Working Paper No 1031 15 Jul 2022

Risk capacity, portfolio choice and exchange rates

We assess how swings in exchange rates affect global bond investors' portfolio allocations to emerging market economy (EME)…

Boris Hofmann

Ilhyock Shim

and

Hyun Song Shin

All external publications (128)

External publication 1 Oct 1995

Depth of knowledge and the effect of higher order uncertainty

Hyun Song Shin

Stephen Morris

and

Andrew Postlewaite

External publication 1 Oct 1994

The burden of proof in a game of persuasion

Hyun Song Shin

External publication 1 Jul 1994

Representing the knowledge of turing machines

Hyun Song Shin

and

Timothy Williamson

External publication 1 Mar 1994

News management and the value of firms

Hyun Song Shin

External publication 1 Sep 1993

Measuring the incidence of insider trading in a market for state-contingent claims

Hyun Song Shin

External publication 1 Jan 1993

p-dominance and belief potential

Hyun Song Shin

Stephen Morris

and

Rafael Rob

External publication 1 Jan 1993

Logical structure of common knowledge

Hyun Song Shin

External publication 1 Jun 1992

A comment on a model of vertical product differentiation

Hyun Song Shin

and

Chong Ju Choi

External publication 1 Mar 1992

Prices of state contingent claims with insider traders and the favourite longshot bias

Hyun Song Shin

Structural changes in the global financial system and the transmission of financial conditions

Presentation slides by Mr Hyun Song Shin, Economic Adviser and Head of the Monetary and Economic Department of the BIS, at the…

Hyun Song Shin

Speech 30 Jun 2024

Artificial Intelligence and the economy: implications for central banks

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

Hyun Song Shin

Speech 9 Feb 2024

Tokenisation for the real world

Presentation slides from a speech by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the OCC Symposium…

Hyun Song Shin

Speech 31 Aug 2023

New financial stability risks

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

Hyun Song Shin

All videos (103)

01:39:00

CBDCs and the challenges for central banks

Video 17 Mar 2022

CBDCs and the challenges for central banks

World Bank Europe and Central Asia Region webinar.

Hyun Song Shin

01:04:30

Looking ahead: regulatory challenges

Video 2 Mar 2022

Looking ahead: regulatory challenges

Brookings Institution's Hutchins Center on Fiscal and Monetary Policy, "The Powell Fed: looking back and looking ahead".

Hyun Song Shin

02:00:09

Central bank digital currencies

Video 28 Jan 2022

Central bank digital currencies

AFA Panel on Central Bank Digital Currencies at the ASSA 2022 virtual Annual Meeting.

Hyun Song Shin

00:14:51

Financial resilience in the large and in the small

Video 27 Jan 2022

Financial resilience in the large and in the small

This session considers financial resilience at two levels – the level of the individual household and the level of the…

Hyun Song Shin

H.M. Queen Máxima of the Netherlands

Leora F Klapper

Benjamin E Diokno

Dilip Asbe

and

Sethaput Suthiwartnarueput

00:46:50

BIS Quarterly Review, December 2021 - Media briefing

Video 6 Dec 2021

BIS Quarterly Review, December 2021 - Media briefing

Borio and Shin brief the media on the key takeaways of the BIS December 2021 Quarterly Review.

Claudio Borio

and

Hyun Song Shin

03:14:18

CBDCs and the challenges for central banks

Video 18 Nov 2021

CBDCs and the challenges for central banks

2021 Bank of Korea conference on Payment and Settlement Systems (in Korean only).

Hyun Song Shin

00:24:24

Decentralisation in digital finance: possibilities and limits

Video 17 Nov 2021

Decentralisation in digital finance: possibilities and limits

London Business School, with Hyun Sogn Shin.

Hyun Song Shin

00:39:38

Have we avoided the Covid insolvency wave?

Video 16 Nov 2021

Have we avoided the Covid insolvency wave?

2021 EBA Policy Workshop: "The New Normal in the Banking Sector - Reshaping the Insights".

Hyun Song Shin

01:15:00

Not a financial crisis: revisiting old and new risks to financial stability in the recovery

Video 22 Oct 2021

Not a financial crisis: revisiting old and new risks to financial stability in the recovery

Chair: Fundi Tshazibana (Deputy Governor, SARB) Lead speaker: Hyun Song Shin (Economic Adviser and Head of Research, BIS) …

Hyun Song Shin

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.

Hyun Song Shin

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

Hyun Song Shin

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…

Claudio Borio

and

Hyun Song Shin

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…

Claudio Borio

and

Hyun Song Shin

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…

Hyun Song Shin

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.

Hyun Song Shin

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…

Hyun Song Shin

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…

Claudio Borio

and

Hyun Song Shin

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…

Claudio Borio

and

Hyun Song Shin

0:00 0:00

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All BIS publications (77)

Margins, debt capacity, and systemic risk

Original sin redux: role of duration risk

Stablecoins versus tokenised deposits: implications for the singleness of money

Overcoming original sin: insights from a new dataset

Theory of supply chains: a working capital approach

The Bank of Amsterdam and the limits of fiat money

Macro-financial stability frameworks: experience and challenges

How abundant are reserves? Evidence from the wholesale payment system

Risk capacity, portfolio choice and exchange rates

All external publications (128)

Depth of knowledge and the effect of higher order uncertainty

The burden of proof in a game of persuasion

Representing the knowledge of turing machines

News management and the value of firms

Measuring the incidence of insider trading in a market for state-contingent claims

p-dominance and belief potential

Logical structure of common knowledge

A comment on a model of vertical product differentiation

Prices of state contingent claims with insider traders and the favourite longshot bias

All speeches (65)

Speech - 76th Anniversary of the Bank of Korea

Inaugural address

Post-GFC rewiring of the global financial system

Money as a coordination device: some historical lessons

Securing the foundations for tomorrow in a changing global financial system

Structural changes in the global financial system and the transmission of financial conditions

Artificial Intelligence and the economy: implications for central banks

Tokenisation for the real world

New financial stability risks

All videos (103)

CBDCs and the challenges for central banks

Looking ahead: regulatory challenges

Central bank digital currencies

Financial resilience in the large and in the small

BIS Quarterly Review, December 2021 - Media briefing

CBDCs and the challenges for central banks

Decentralisation in digital finance: possibilities and limits

Have we avoided the Covid insolvency wave?

Not a financial crisis: revisiting old and new risks to financial stability in the recovery

All podcasts (40)

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

Media briefing on the BIS Quarterly Review, March 2025

Media briefing on the BIS Quarterly Review, December 2024

Media briefing on the BIS Quarterly Review, September 2024

How big the Yen carry trade really is

AI and the economy: implications for central banks

Media briefing on the launch of Project Agorá

Media briefing on the BIS Quarterly Review, March 2024

Media briefing on the BIS Quarterly Review, December 2023

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