Hyun Song Shin

All BIS publications (77)

BIS Bulletin No 52 23 Mar 2022

Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix

Public payment infrastructures build on the central bank's foundational role in the monetary system by promoting competition…

Angelo Duarte

Jon Frost

Leonardo Gambacorta

Priscilla Koo Wilkens

and

Hyun Song Shin

BIS Working Paper No 1000 9 Feb 2022

Dollar beta and stock returns

Our finding that the dollar return multiplier is larger than one in all EMEs implies that the dollar-denominated returns tend…

Valentina Bruno

Ilhyock Shim

and

Hyun Song Shin

Publication 6 Dec 2021

Outward portfolio investment and dollar funding in emerging Asia

This special feature analyses the increased use of short-term foreign exchange hedging instruments in several emerging Asian…

Patrick McGuire

Ilhyock Shim

Hyun Song Shin

and

Vladyslav Sushko

BIS Working Paper No 976 4 Nov 2021

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

The paper gives a guided tour of the growing literature on the operational architectures for CBDCs, focusing on the…

Raphael Auer

Jon Frost

Leonardo Gambacorta

Cyril Monnet

Tara Rice

and

Hyun Song Shin

BIS Working Paper No 972 29 Oct 2021

Non-bank financial intermediaries and financial stability

We develop a risk accounting framework that describes how NBFIs' risk-taking capacity evolves during periods of market distress.

Sirio Aramonte

Andreas Schrimpf

and

Hyun Song Shin

BIS Working Paper No 970 21 Oct 2021

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

Big techs' entry in finance builds on their established digital platforms in e-commerce, search and social media, and holds the…

Frederic Boissay

Torsten Ehlers

Leonardo Gambacorta

and

Hyun Song Shin

BIS Bulletin No 45 2 Aug 2021

Regulating big techs in finance

BIS Bulletin No 45 - Regulating big techs in finance - Big tech firms entering financial services can scale up rapidly with…

Agustín Carstens

Stijn Claessens

Fernando Restoy

and

Hyun Song Shin

BIS Bulletin No 39 17 Mar 2021

Liquidity management and asset sales by bond funds in the face of investor redemptions in March 2020

Investor redemptions are one factor behind asset sales by open-ended mutual funds, but an important additional factor is the…

Andreas Schrimpf

Ilhyock Shim

and

Hyun Song Shin

BIS Working Paper No 931 11 Mar 2021

The fintech gender gap

Fintech promises to spur financial inclusion and close the gender gap in access to financial services. Using novel survey data…

Sharon Chen

Sebastian Doerr

Jon Frost

Leonardo Gambacorta

and

Hyun Song Shin

All external publications (128)

External publication 1 Nov 2009

Reflections on Northern Rock: The bank run that heralded the global financial crisis

Hyun Song Shin

External publication 1 Jun 2009

Yen carry trade and the subprime crisis

Hyun Song Shin

and

Masazumi Hattori

External publication 1 May 2009

Money, liquidity and monetary policy

Hyun Song Shin

and

Tobias Adrian

External publication 1 May 2009

The fundamental principles of financial regulation

Hyun Song Shin

Andrew Crockett

Charles Goodhart

Avinash Persaud

and

Markus Brunnermeier

External publication 18 Feb 2009

Securitisation and financial stability

Hyun Song Shin

External publication 1 Jan 2009

Prices and quantities in the monetary policy transmission mechanism

Hyun Song Shin

and

Tobias Adrian

External publication 21 Sep 2008

Financial regulation in a system context

Hyun Song Shin

and

Stephen Morris

External publication 1 Sep 2008

Financial intermediaries, financial stability and monetary policy

Hyun Song Shin

and

Tobias Adrian

External publication 1 Jul 2008

All videos (103)

00:16:09

EME vulnerabilities take centre stage

Video 11 Sep 2015

EME vulnerabilities take centre stage

Media briefing for the September 2015 BIS Quarterly Review.

Claudio Borio

and

Hyun Song Shin

00:25:42

Three BIS research themes in the Annual Report

Video 28 Jun 2015

Three BIS research themes in the Annual Report

In his presentation, Hyun Shin highlights the three research themes that have guided BIS work over the previous year:…

Hyun Song Shin

01:19:50

Macroprudential tools, their limits and their connection with monetary policy

Video 15 Apr 2015

Macroprudential tools, their limits and their connection with monetary policy

In his presentation, Hyun Song Shin discusses the limits of macroprudential tools and their relationship with monetary policy. …

Hyun Song Shin

01:23:08

Toward a joined-up research agenda for central banks

Video 25 Feb 2015

Toward a joined-up research agenda for central banks

An integrated research agenda for central banks entails finding common elements that run through monetary policy and financial…

Hyun Song Shin

Jon Cunliffe

and

Ricardo Reis

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

Hyun Song Shin

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

Hyun Song Shin

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

Hyun Song Shin

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.

Hyun Song Shin

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

Hyun Song Shin

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…

Hyun Song Shin

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…

Hyun Song Shin

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.

Hyun Song Shin

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…

Hyun Song Shin

0:00 0:00

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All BIS publications (77)

Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix

Dollar beta and stock returns

Outward portfolio investment and dollar funding in emerging Asia

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

Non-bank financial intermediaries and financial stability

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

Regulating big techs in finance

Liquidity management and asset sales by bond funds in the face of investor redemptions in March 2020

The fintech gender gap

All external publications (128)

Reflections on Northern Rock: The bank run that heralded the global financial crisis

Yen carry trade and the subprime crisis

Money, liquidity and monetary policy

The fundamental principles of financial regulation

Securitisation and financial stability

Prices and quantities in the monetary policy transmission mechanism

Financial regulation in a system context

Financial intermediaries, financial stability and monetary policy

Risk and liquidity in a system context

All speeches (65)

Financial stability risks: old and new

The changing face of financial intermediation

All videos (103)

EME vulnerabilities take centre stage

Three BIS research themes in the Annual Report

Macroprudential tools, their limits and their connection with monetary policy

Toward a joined-up research agenda for central banks

All podcasts (40)

Media briefing on the BIS Quarterly Review, March 2026

Shifting currents in FX and interest rate derivatives

Media briefing on the BIS Quarterly Review, December 2025

Why the world started hedging its US Dollar exposure

Media briefing on the BIS Quarterly Review, September 2025

Stablecoins

Stability amid uncertainty

BIS Media Briefing - Annual Economic Report 2025

The next-generation monetary and financial system

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