Hyun Song Shin

Governor, Bank of Korea

Hyun Song Shin was BIS Economic Adviser from May 2014 to March 2026 and also served as Head of the Monetary and Economic Department from January 2025.

Mr Shin has a background in academia. Before coming to the BIS in May 2014, he was the Hughes-Rogers Professor of Economics at Princeton University, having previously held appointments at Oxford University and the London School of Economics. He has been an intellectual leader in the fields of banking, international finance and monetary economics, topics on which he has published widely, both in leading academic and official publications.

One area of recent focus has been in developing the BIS's work agenda on digital innovation and the financial system, laying out the implications for users, financial intermediaries and the central bank. Mr Shin was part of the BIS management team that developed the BIS Innovation Hub, and served as its Interim Head at its launch in 2019.

Mr Shin is a Korean national. In 2010, while on leave from Princeton University, he served as Senior Adviser to the Korean president, taking a leading role in formulating financial stability policy in Korea and developing the agenda for the G20 during Korea's presidency.

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

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Hyun Song Shin

Governor, Bank of Korea

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 (66)

On book equity: why it matters for monetary policy

Financial stability risks: old and new

The changing face of financial intermediation

All videos (103)

Media briefing on the BIS Quarterly Review, September 2023

A blueprint for the future monetary system

BIS Media Briefing - Annual Economic Report 2023

Improving the old, enabling the new

BIS Media Briefing - Blueprint for the future monetary system: improving the old, enabling the new

CBDCs: Keeping momentum in uncertain times

BIS Quarterly Review, March 2023 - media briefing

Global value chains under the shadow of Covid

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

All podcasts (40)

Crypto, CBDCs, and designing money

The future monetary system

The BIS in the age of digital money

CBDCs and the future of central banking

CBDCs - an opportunity for the monetary system

CBDCs: the BIS' annual overview

What central banks have learned from the crisis

Central banks and payments in the digital era

The BIS Innovation Hub explained

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