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

and

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

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

BIS Working Paper No 1070 25 Jan 2023

and

Goetz von Peter

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

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

BIS Working Paper No 1057 13 Dec 2022

and

Peter Wierts

Macro-financial stability frameworks: experience and challenges

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

Ilhyock Shim

and

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

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

External publication 1 Oct 2019

All external publications (128)

BigTech and the changing structure of financial intermediation

External publication 1 Oct 2019

Leonardo Gambacorta

Jon Frost

and

Pablo Zbinden

Currency depreciation and emerging market corporate distress

and

External publication 1 Sep 2019

The dollar, bank leverage, and the deviation from covered interest parity

External publication 1 Feb 2019

Stefan Avdjiev

Cathérine Tahmee Koch

and

Wenxin Du

The dollar exchange rate as a global risk factor: evidence from investment

Stefan Avdjiev

External publication 1 Nov 2018

and

Cathérine Tahmee Koch

Liquidity, leverage, and regulation 10 years after the global financial crisis

External publication 1 Jul 2018

John Kiff

and

Tobias Adrian

Why bank capital matters for monetary policy

External publication 1 May 2018

and

Leonardo Gambacorta

Exchange rates and monetary spillovers

External publication 1 May 2018

and

Guillaume Plantin

Exchange rates and the working capital channel of trade fluctuations

External publication 1 May 2018

and

Se-Jik Kim

Central bank forward guidance and the signal value of market prices

Cryptocurrencies: looking beyond the hype

and

Stephen Morris

All videos (103)

00:02:48

Video 17 Jun 2018

Cryptocurrencies: looking beyond the hype

Hyun Song Shin speaks about Chapter V of the Annual Economic Report 2018.

Globalisation: real and financial

00:20:30

Video 25 Jun 2017

Globalisation: real and financial

Presentation on the BIS Annual Report by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on the occasion…

Global liquidity and procyclicality

and

Jaime Caruana

01:01:56

Video 27 Apr 2017

Global liquidity and procyclicality

In his presentation, Hyun Song Shin examines why global financial conditions are so attuned to the strength of the dollar, and…

Twenty years after the Asian Financial Crisis: remaining challenges for monetary and financial stability

00:35:53

Video 13 Apr 2017

Twenty years after the Asian Financial Crisis: remaining challenges for monetary and financial stability

In his speech, Hyun Song Shin discusses the current state of the global dollar funding network, and the challenges posed by…

Everything old is new again: the comeback of capital controls

00:57:31

Video 1 Jul 2016

Everything old is new again: the comeback of capital controls

Being able to move money across borders seems as central to globalisation as free trade, but it was not always so. Now the…

Regulation and structural change in financial systems

and

Hélène Rey

01:43:40

Video 28 Jun 2016

Regulation and structural change in financial systems

Hyun Song Shin discusses Claessen's paper "Regulation and structural change in financial systems", emphasising two key messages…

Liquidity, leverage and macro risk

and

Stijn Claessens

00:27:34

Video 26 Jun 2016

Liquidity, leverage and macro risk

In his presentation, Hyun Song Shin highlights a main message of the Annual Report: apparently disparate issues can be…

Global liquidity and procyclicality

01:10:13

Video 8 Jun 2016

Global liquidity and procyclicality

BIS data show that the euro and yen may be starting to take on the features of an international funding currency, following in…

Uneasy calm awaiting lift-off

and

Maurice Obstfeld

00:13:46

Video 4 Dec 2015

Uneasy calm awaiting lift-off

Media briefing for the December 2015 BIS Quarterly Review.

and

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