Hyun Song Shin

All BIS publications (77)

BIS Working Paper No 694 25 Jan 2018

Exchange rates and the working capital channel of trade fluctuations

Global value chains (GVCs) figure prominently in global trade and lie at the intersection of two important themes. The first is…

Valentina Bruno

Se-Jik Kim

and

Hyun Song Shin

BIS Working Paper No 692 23 Jan 2018

Central bank forward guidance and the signal value of market prices

The paper examines the relationship between monetary policy and market prices through the lens of central bank communication…

Stephen Morris

and

Hyun Song Shin

BIS Working Paper No 608 30 Jan 2017

Redemption risk and cash hoarding by asset managers

Household debt levels relative to GDP have risen rapidly in many countries over the past decade. We investigate the…

Stephen Morris

Ilhyock Shim

and

Hyun Song Shin

BIS Working Paper No 592 15 Nov 2016

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

We document the triangular relationship formed by the strength of the US dollar, cross-border bank lending in dollars and…

Stefan Avdjiev

Wenxin Du

Catherine Casanova

and

Hyun Song Shin

BIS Working Paper No 580 13 Sep 2016

Bank capital and dividend externalities

Dividend payouts affect the relative value of claims within a firm. When firms have contingent claims on each other, as in the…

Viral V Acharya

Hanh T Le

and

Hyun Song Shin

BIS Working Paper No 558 7 Apr 2016

Why bank capital matters for monetary policy

One aim of post-crisis monetary policy has been to ease credit conditions for borrowers by unlocking bank lending. We find that…

Leonardo Gambacorta

and

Hyun Song Shin

BIS Working Paper No 538 18 Jan 2016

Sovereign yields and the risk-taking channel of currency appreciation

Currency appreciation goes hand in hand with easier financial conditions and compressed sovereign bond spreads, even for local…

Boris Hofmann

Ilhyock Shim

and

Hyun Song Shin

BIS Working Paper No 537 18 Jan 2016

Exchange rates and monetary spillovers

When does the combination of flexible exchange rates and domestic inflation-oriented monetary policy guarantee insulation from…

Guillaume Plantin

and

Hyun Song Shin

BIS Working Paper No 524 20 Oct 2015

Breaking free of the triple coincidence in international finance

The traditional approach to international finance is to view capital flows as the financial counterpart to savings and…

Stefan Avdjiev

Robert N McCauley

and

Hyun Song Shin

All external publications (128)

External publication 1 Mar 2004

Liquidity black holes

Hyun Song Shin

and

Stephen Morris

External publication 1 Feb 2004

Coordination risk and the price of debt

Hyun Song Shin

and

Stephen Morris

External publication 1 Jan 2004

Does one Soros make a difference? A theory of currency crises with large and small traders

Hyun Song Shin

Stephen Morris

Giancarlo Corsetti

and

Amil Dasgupta

External publication 1 Nov 2003

Disclosures and asset returns

Hyun Song Shin

External publication 1 Jan 2003

Global games: theory and applications

Hyun Song Shin

and

Stephen Morris

External publication 1 Dec 2002

Social value of public information

Hyun Song Shin

and

Stephen Morris

External publication 1 Feb 2002

Equilibrium departures from common knowledge in games with non-additive expected utility

Hyun Song Shin

and

Sujoy Mukerji

External publication 1 Jan 2001

Rethinking multiple equilibria in macroeconomic modelling

Hyun Song Shin

and

Stephen Morris

External publication 1 Dec 2000

All videos (103)

00:02:07

Central banks and payments in the digital era

Video 24 Jun 2020

Central banks and payments in the digital era

Hyun Song Shin discusses how central banks must keep evolving to meet the challenge of rapidly accelerating digital innovation,…

Hyun Song Shin

01:04:59

Central banks and payments in the digital era: media briefing on Chapter III of the Annual Economic Report 2020

Video 23 Jun 2020

Central banks and payments in the digital era: media briefing on Chapter III of the Annual Economic Report 2020

Shin and Cœuré brief the media on the main messages of the special chapter of the Annual Economic Report.

Hyun Song Shin

and

Benoît Coeuré

01:05:34

Capital flows and "original sin redux"

Video 1 Mar 2020

Capital flows and "original sin redux"

Hyun Song Shin explains why borrowing in local currency has not made emerging markets immune to a pandemic-induced financial…

Hyun Song Shin

01:48:57

2020 AFA panel session: Fintech, financial stability and regulation

Video 3 Jan 2020

2020 AFA panel session: Fintech, financial stability and regulation

Examines issues surrounding the rise of fintechs, including the effects on financial stability, competition and financial…

Hyun Song Shin

00:22:55

Big tech in finance: opportunities and risks

Video 30 Jun 2019

Big tech in finance: opportunities and risks

Hyun Song Shin discusses the entry of big tech companies into financial services and the new challenges this poses for…

Hyun Song Shin

00:02:24

Big tech in finance: opportunities and risks

Video 30 Jun 2019

Big tech in finance: opportunities and risks

Hyun Song Shin discusses big tech and finance, Facebook's Libra announcement and associated topics.

Hyun Song Shin

01:12:04

Global imbalances and the international footprint of firms: what role for exchange rates?

Video 10 Apr 2019

Global imbalances and the international footprint of firms: what role for exchange rates?

The accounting basis for macroeconomics is looking increasingly creaky in an age of global firms and global value chains. Key…

Hyun Song Shin

00:10:03

We are living in a world with interconnected balance sheets, says BIS's Shin

Video 12 Nov 2018

We are living in a world with interconnected balance sheets, says BIS's Shin

Hyun Song Shin (Economic Adviser and Head of Research) speaks to Bloomberg about emerging market economies 20 years after the…

Hyun Song Shin

00:18:46

Cryptocurrencies and the economics of money

Video 24 Jun 2018

Cryptocurrencies and the economics of money

Hyun Song Shin explains why, despite all the hype, cryptocurrencies are a far cry from money.

Hyun Song Shin

All podcasts (40)

00:35:19

Podcast 29 Jun 2022

Crypto, CBDCs, and designing money

Hyun Song Shin speaks to Chris Brummer about crypto, CBDCs, and designing money. More information about the podcast is…

Hyun Song Shin

0:00 0:00

00:17:30

Podcast 21 Jun 2022

The future monetary system

What will the future of the monetary system look like? Hyun Song Shin presents a blueprint for the future monetary system as…

Hyun Song Shin

0:00 0:00

00:48:37

Podcast 14 Jan 2022

The BIS in the age of digital money

Hyun Song Shin explains the role BIS plays in connecting central banks around the world to facilitate economic and financial…

Hyun Song Shin

0:00 0:00

00:47:08

Podcast 24 Jun 2021

CBDCs and the future of central banking

Hyun Song Shin discusses the future of central bank digital currencies, as outlined in Chapter III of the 2021 Annual Economic…

Hyun Song Shin

0:00 0:00

00:26:41

Podcast 23 Jun 2021

CBDCs: the BIS' annual overview

Hyun Song Shin discusses how central bank digital currencies can contribute to an open, safe and competitive monetary system…

Hyun Song Shin

and

Chris Brummer

0:00 0:00

00:29:55

Podcast 23 Jun 2021

CBDCs - an opportunity for the monetary system

Benoit Coeuré and Hyun Song Shin discuss Chapter 3 of the Annual Economic Report on CBDCs and how the BIS sees them best…

Hyun Song Shin

and

Benoît Coeuré

0:00 0:00

00:45:47

Podcast 2 Jul 2020

What central banks have learned from the crisis

Hyun Song Shin discusses the new policymaker toolbox that has emerged during the coronavirus crisis and what more needs to be…

Hyun Song Shin

0:00 0:00

00:10:49

Podcast 24 Jun 2020

Central banks and payments in the digital era

Hyun Song Shin discusses how central banks, as guardians of the safety and integrity of the payment system, must keep evolving…

Hyun Song Shin

0:00 0:00

00:11:45

Podcast 18 Dec 2019

The BIS Innovation Hub explained

Hyun Song Shin explains how the BIS Innovation Hub, a new project designed to support central bank collaboration on new…

Hyun Song Shin

0:00 0:00

About the BIS

Careers at the BIS

Research & publications

BIS authors

About the Committees

Speeches

Data Portal

Media centre

All BIS publications (77)

Exchange rates and the working capital channel of trade fluctuations

Central bank forward guidance and the signal value of market prices

Redemption risk and cash hoarding by asset managers

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

Bank capital and dividend externalities

Why bank capital matters for monetary policy

Sovereign yields and the risk-taking channel of currency appreciation

Exchange rates and monetary spillovers

Breaking free of the triple coincidence in international finance

All external publications (128)

Liquidity black holes

Coordination risk and the price of debt

Does one Soros make a difference? A theory of currency crises with large and small traders

Disclosures and asset returns

Global games: theory and applications

Social value of public information

Equilibrium departures from common knowledge in games with non-additive expected utility

Rethinking multiple equilibria in macroeconomic modelling

Approximate common knowledge in a search model

All speeches (65)

Financial stability risks: old and new

The changing face of financial intermediation

All videos (103)

Central banks and payments in the digital era

Central banks and payments in the digital era: media briefing on Chapter III of the Annual Economic Report 2020

Capital flows and "original sin redux"

2020 AFA panel session: Fintech, financial stability and regulation

Big tech in finance: opportunities and risks

Big tech in finance: opportunities and risks

Global imbalances and the international footprint of firms: what role for exchange rates?

We are living in a world with interconnected balance sheets, says BIS's Shin

Cryptocurrencies and the economics of money

All podcasts (40)

Crypto, CBDCs, and designing money

The future monetary system

The BIS in the age of digital money

CBDCs and the future of central banking

CBDCs: the BIS' annual overview

CBDCs - an opportunity for the monetary system

What central banks have learned from the crisis

Central banks and payments in the digital era

The BIS Innovation Hub explained

You might also be interested in

Publications

Speeches

Media releases