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 28 Sep 2016

All external publications (128)

Conceptual challenges in international finance

Robert N McCauley

External publication 1 Jul 2016

and

Stefan Avdjiev

The international monetary and financial system: a capital account historical perspective

and

External publication 1 Jul 2016

Breaking free of the triple coincidence in international finance

Robert N McCauley

External publication 1 May 2016

and

Stefan Avdjiev

Common belief foundations of global games

External publication 1 Apr 2015

Stephen Morris

and

Muhamet Yildiz

Cross-border banking and global liquidity

and

External publication 1 Apr 2015

Capital flows and the risk-taking channel of monetary policy

and

External publication 1 Apr 2015

Global liquidity through the lens of monetary aggregates

External publication 1 Feb 2014

Kyuil Chung

Jong-Eun Lee

and

Elena Loukoianova

Procyclical leverage and value-at-risk

External publication 1 Jan 2014

and

Tobias Adrian

Assessing macroprudential policies: case of South Korea

and

The next-generation monetary and financial system

All videos (103)

00:02:19

Video 24 Jun 2025

The next-generation monetary and financial system

Hyun Song Shin explains how tokenisation represents a transformative innovation to both improve the old and enable the new…

BIS media briefing - The next-generation monetary and financial system

00:58:55

Video 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.

Global financial system: old themes, new risks

and

Andréa M Maechler

1:25:15

Video 19 May 2025

Global financial system: old themes, new risks

Hyun Song Shin discusses the functioning of the FX swap market and how it has amplified the transmission of financial…

Treasury Market Dysfunction and the Role of the Central Bank

04:11:25

Video 28 Mar 2025

Treasury Market Dysfunction and the Role of the Central Bank

(Hyun Song Shin starts at 00:12:19) Hyun Song Shin discusses structural shifts following the Great Financial Crisis in…

Media briefing on the BIS Quarterly Review, March 2025

00:38:16

Video 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

Session 5 - Speech: Challenges for central banks in the digital era

and

Gaston Gelos

00:30:58

Video 6 Feb 2025

Session 5 - Speech: Challenges for central banks in the digital era

Speech: "Challenges for central banks in the digital era" by José Luis Escrivá (Bank of Spain) Moderator: Hyun Song Shin (BIS)

Session 3 - Tokenisation and the financial system

and

Jose Luis Escrivá

00:21:32

Video 6 Feb 2025

Session 3 - Tokenisation and the financial system

Presentation: "Tokenisation and the financial system" by Hyun Song Shin (BIS) Moderator: Ana Aguilar (BIS)

Media briefing on the BIS Quarterly Review, December 2024

and

Ana Aguilar

00:46:15

Video 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

Panel discussion: Systemic liquidity

01:19:09

Video 27 Sep 2024

Panel discussion: Systemic liquidity

(Hyun Song Shin starts at 00:35:11) In a high-level panel, Hyun Song Shin spoke about the duality of risk taking and risk…

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