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

and

Soyoung Kim

External publication 1 Sep 2021

Big techs in finance: on the new nexus between data privacy and competition

Hyun Song Shin

Leonardo Gambacorta

Torsten Ehlers

and

Frederic Boissay

External publication 15 Mar 2021

From financial innovation to inclusion

Hyun Song Shin

Leonardo Gambacorta

and

Jon Frost

External publication 1 Mar 2021

International credit to emerging market economies during the Covid-19 crisis

Hyun Song Shin

Stefan Avdjiev

and

Bat-el Berger

External publication 1 Dec 2020

Bond risk premia and the exchange rate

Ilhyock Shim

Boris Hofmann

and

Hyun Song Shin

External publication 1 Nov 2020

Central banks in a shifting world

Hyun Song Shin

External publication 1 Jun 2020

Original sin redux and policy responses in EMEs during the Covid-19 pandemic

Ilhyock Shim

Boris Hofmann

and

Hyun Song Shin

External publication 1 May 2020

The dollar, bank leverage and real economic activity: an evolving relationship

Hyun Song Shin

Dubravko Mihaljek

Marco Jacopo Lombardi

Catherine Casanova

Burcu Erik

and

Wenxin Du

All speeches (65)

Speech 17 Dec 2014

Financial stability risks: old and new

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Brookings Institution, Washington…

Hyun Song Shin

Speech 29 Jun 2014

The changing face of financial intermediation

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

Hyun Song Shin

All videos (103)

01:39:37

Overcoming "Original Sin" to secure policy space

Video 19 Oct 2021

Overcoming "Original Sin" to secure policy space

Janeway Institute Launch, University of Cambridge.

Hyun Song Shin

01:34:10

Global Standards for Digital Currencies

Video 12 Oct 2021

Global Standards for Digital Currencies

Speakers: Hyun Song Shin, Viral Acharya, Thomas Philippon and Isabel Schnabel

Hyun Song Shin

00:57:36

Research session: Implications of big tech in finance

Video 6 Oct 2021

Research session: Implications of big tech in finance

Chair: Hyun Song Shin (Economic Adviser / Head of Research, BIS) Jorge Padilla (Senior Managing Director, Compass Lexecon) …

Hyun Song Shin

and

Karen Croxson

01:21:47

Lessons for the Future

Video 1 Oct 2021

Lessons for the Future

Implications of Federal Reserve Actions in Response to the COVID-19 Pandemic, Federal Reserve Bank of New York.

Viral V Acharya

Hyun Song Shin

Thomas Philippon

and

Isabel Schnabel

00:19:38

Central bank digital currencies: an opportunity for the monetary system

Video 29 Jun 2021

Central bank digital currencies: an opportunity for the monetary system

In his speech at the 91st BIS AGM, Hyun Song Shin lays out the design choices that can help put central bank digital…

Hyun Song Shin

00:51:31

BIS Media Briefing - Annual Economic Report 2021

Video 28 Jun 2021

BIS Media Briefing - Annual Economic Report 2021

Carstens, Pereira, Borio and Shin brief the media on the main messages of the Annual Economic Report.

Claudio Borio

Hyun Song Shin

Agustín Carstens

and

Luiz Awazu Pereira da Silva

00:01:49

CBDCs - an opportunity for the monetary system

Video 23 Jun 2021

CBDCs - an opportunity for the monetary system

Hyun Song Shin discusses how central bank digital currencies are moving from concept to practical design, renewing the…

Hyun Song Shin

00:54:22

CBDCs and the future of payments

Video 23 Jun 2021

CBDCs and the future of payments

Hyun Song Shin discusses central bank digital currencies design features, potential points of friction and data privacy, as…

Hyun Song Shin

01:04:52

BIS Media Briefing - CBDCs: an opportunity for the monetary system

Video 22 Jun 2021

BIS Media Briefing - CBDCs: an opportunity for the monetary system

Shin and Cœuré brief the media on the main messages of Chapter III of the Annual Economic Report.

Hyun Song Shin

and

Benoît Coeuré

All podcasts (40)

00:11:49

Podcast 8 Dec 2019

FX and OTC derivatives markets through the lens of the BIS Triennial Survey

Hyun Song Shin offers some key analytical insights on foreign exchange and OTC derivatives markets from the latest BIS…

Hyun Song Shin

0:00 0:00

00:39:56

Podcast 1 Jul 2019

Why a strong dollar causes most of the world major pain

Hyun Song Shin discusses why a weaker dollar amounts to looser financial conditions for much of the world and gives his outlook…

Hyun Song Shin

0:00 0:00

00:14:18

Podcast 30 Jun 2019

Big tech in finance

Hyun Song Shin discusses the entry of big tech companies into financial services and the new challenges this poses for…

Hyun Song Shin

0:00 0:00

00:22:25

Podcast 9 Aug 2018

Bitcoin's big problem

Hyun Song Shin discusses the technological flaws that will likely prevent Bitcoin from becoming a more commonly used currency.

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)

Discussant to A Metrick and D Tarullo, "Congruent Financial Regulation"

Offshore EME bond issuance and the transmission channels of global liquidity

Big techs in finance: on the new nexus between data privacy and competition

From financial innovation to inclusion

International credit to emerging market economies during the Covid-19 crisis

Bond risk premia and the exchange rate

Central banks in a shifting world

Original sin redux and policy responses in EMEs during the Covid-19 pandemic

The dollar, bank leverage and real economic activity: an evolving relationship

All speeches (65)

Financial stability risks: old and new

The changing face of financial intermediation

All videos (103)

Overcoming "Original Sin" to secure policy space

Global Standards for Digital Currencies

Research session: Implications of big tech in finance

Lessons for the Future

Central bank digital currencies: an opportunity for the monetary system

BIS Media Briefing - Annual Economic Report 2021

CBDCs - an opportunity for the monetary system

CBDCs and the future of payments

BIS Media Briefing - CBDCs: an opportunity for the monetary system

All podcasts (40)

FX and OTC derivatives markets through the lens of the BIS Triennial Survey

Why a strong dollar causes most of the world major pain

Big tech in finance

Bitcoin's big problem

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