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 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

External publication 1 May 2018

and

Stephen Morris

Exchange rates and monetary spillovers

Media briefing on the BIS Quarterly Review, September 2023

and

Guillaume Plantin

All videos (103)

00:39:35

Video 18 Sep 2023

Media briefing on the BIS Quarterly Review, September 2023

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

and

A blueprint for the future monetary system

00:19:36

Video 25 Jun 2023

A blueprint for the future monetary system

Presenting the 2023 BIS Annual Economic Report, Hyun Song Shin says tokenisation might be the next major leap for the monetary…

BIS Media Briefing - Annual Economic Report 2023

00:52:12

Video 22 Jun 2023

BIS Media Briefing - Annual Economic Report 2023

Agustín Carstens, Claudio Borio and Hyun Song Shin brief the media on the main messages of the Annual Economic Report.

Improving the old, enabling the new

and

Agustín Carstens

00:01:37

Video 20 Jun 2023

Improving the old, enabling the new

Hyun Song Shin explains the main elements of the unified ledger and how tokenisation can be a game changer for the monetary…

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

00:42:38

Video 19 Jun 2023

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

Hyun Song Shin briefs the media on the main messages of Chapter III of the Annual Economic Report.

CBDCs: Keeping momentum in uncertain times

00:47:32

Video 21 Mar 2023

CBDCs: Keeping momentum in uncertain times

In this high-level panel recorded on 12 March 2023, Governors discuss the road ahead on CBDCs and share their lessons learnt on…

BIS Quarterly Review, March 2023 - media briefing

Ravi Menon

François Villeroy de Galhau

Christine Lagarde

and

Chang Yong Rhee

00:46:03

Video 24 Feb 2023

BIS Quarterly Review, March 2023 - media briefing

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS March 2023 Quarterly Review.

and

Global value chains under the shadow of Covid

01:17:41

Video 16 Feb 2023

Global value chains under the shadow of Covid

(Mr Shin starts at 00:02:40) The narrative surrounding global value chains (GVCs) and, more generally, the state of…

Keynote address: Digital payments and ecosystems

00:39:52

Video 8 Feb 2023

Keynote address: Digital payments and ecosystems

Jean Tirole discusses digital payments and ecosystems.

and

Jean Tirole

All podcasts (40)

00:32:14

Frank Smets, Hyun Song Shin and Gaston Gelos with BISness podcast branding

Podcast 16 Mar 2026

Media briefing on the BIS Quarterly Review, March 2026

Hyun Song Shin summarises the March 2026 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers journalists…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:24:14

Huyn Song Shin, Goetz von Peter and Andreas Schrimpf with BISness podcast branding

Podcast 8 Dec 2025

Shifting currents in FX and interest rate derivatives

Listen to the BISness podcast of Hyun Song Shin, Andreas Schrimpf and Goetz von Peter discussing the analysis of the BIS…

Goetz von Peter

and

Andreas Schrimpf

0:00 0:00

00:24:14

Podcast 5 Dec 2025

Media briefing on the BIS Quarterly Review, December 2025

Hyun Song Shin summarises the December 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:49:25

Podcast 23 Oct 2025

Why the world started hedging its US Dollar exposure

Hyun Song Shin speaks to Odd Lots about the weaker US dollar in 2025 and the role of hedging strategies.

0:00 0:00

00:46:11

Podcast 12 Sep 2025

Media briefing on the BIS Quarterly Review, September 2025

Hyun Song Shin summarises the September 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers…

Frank Smets

and

Gaston Gelos

0:00 0:00

00:23:23

Podcast 2 Jul 2025

Stablecoins

Top central bankers aren't impressed with the global stablecoin craze. Host Carmel Crimmins from Thomson Reuters talks to Hyun…

0:00 0:00

00:23:47

Podcast 29 Jun 2025

Stability amid uncertainty

Agustín Carstens and Hyun Song Shin discuss the trade disruptions and policy uncertainty that are clouding the global economic…

and

Agustín Carstens

0:00 0:00

Podcast 26 Jun 2025

BIS Media Briefing - Annual Economic Report 2025

Agustín Carstens, Andréa M Maechler and Hyun Song Shin brief the media on the main messages of the Annual Economic Report.

Agustín Carstens

and

Andréa M Maechler

0:00 0:00

00:19:57

Podcast 24 Jun 2025

The next-generation monetary and financial system

Hyun Song Shin explains how tokenised platforms with central bank reserves, commercial bank money and government bonds can…