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

Central bank forward guidance and the signal value of market prices

External publication 1 May 2018

and

Stephen Morris

Exchange rates and monetary spillovers

External publication 1 May 2018

and

Guillaume Plantin

Exchange rates and the working capital channel of trade fluctuations

The future monetary system

and

Se-Jik Kim

All videos (103)

00:21:59

Video 26 Jun 2022

The future monetary system

Hyun Song Shin lays out the BIS's vision for the future monetary system. Read more in our Annual Economic Report.

BIS Media Briefing - Annual Economic Report 2022

00:56:26

Video 23 Jun 2022

BIS Media Briefing - Annual Economic Report 2022

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

The future monetary system

and

Agustín Carstens

00:01:58

Video 21 Jun 2022

The future monetary system

What will the future of the monetary system look like? A chapter in the BIS 2022 Annual Economic Report lays out a blueprint…

BIS Media Briefing - The future monetary system

00:45:22

Video 20 Jun 2022

BIS Media Briefing - The future monetary system

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

Commodity market disruptions, growth and inflation

00:31:04

Video 2 Jun 2022

Commodity market disruptions, growth and inflation

Keynote speech by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on commodity market disruptions, growth and…

Central bank digital currencies: motives, economic implications and the research frontier

01:02:55

Video 6 Apr 2022

Central bank digital currencies: motives, economic implications and the research frontier

The role of DeFi in future financial markets

01:12:21

Video 4 Apr 2022

The role of DeFi in future financial markets

DeFi is sometimes said to be the next big thing in finance. Yet beyond stablecoins using official units of account, links with…

In conversation with Roberto de Oliveira Campos Neto about payments innovation in Brazil

Thomas Eichenberger

Iota Nassr

Jan Brzezek

and

Evan Van Ness

00:26:59

Video 23 Mar 2022

In conversation with Roberto de Oliveira Campos Neto about payments innovation in Brazil

Roberto Campos de Neto, Governor of the Central Bank of Brazil, talks about payments innovation in Brazil, the opportunities…

and

Roberto de Oliveira Campos Neto

00:44:09

CBDCs in broader context

Video 22 Mar 2022

CBDCs in broader context

National Association for Business Economics 38th Annual Economic Policy Conference.

All podcasts (40)

00:35:42

Podcast 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

0:00 0:00

00:41:19

Podcast 31 Aug 2023

New financial stability risks

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

0:00 0:00

00:26:12

Podcast 11 Jul 2023

The Impact of Tokenization on the Monetary System and the Need for Tokenized Central Banks

Hyun Song Shin talks with Michael Casey and Sheila Warren of Coindesk's 'Money Reimagined' about tokenisation and the unified…

0:00 0:00

00:44:33

Podcast 7 Jul 2023

Unified Ledgers, Tokenized Deposits, and Governance

Hyun Song Shin speaks to Chris Brummer about tokenization, payments and the possible future of central banking.

0:00 0:00

00:29:46

Podcast 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…

0:00 0:00

00:39:50

Podcast 24 Feb 2023

Media briefing on the BIS Quarterly Review, March 2023

Claudio Borio and Hyun Song Shin summarize the March 2023 Quarterly Review and answer journalists' questions about market…

and

0:00 0:00

Podcast 2 Dec 2022

Persistent risks in foreign exchange trades, hidden dollar debt

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer…

and

0:00 0:00

00:42:39

Podcast 2 Nov 2022

The strengthening US dollar: impacts and policy implications

Interview with Hyun Song Shin, Economic Adviser and Head of Research of the BIS, on the strength of the US dollar conducted by…

0:00 0:00

00:23:30

Podcast 19 Sep 2022

Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review

Claudio Borio and Hyun Song Shin summarize the September 2022 Quarterly Review and answer journalists' questions about market…

and