Ilhyock Shim

Principal Economist
Monetary and Economic Department, Economics and Financial Markets for Asia and the Pacific

Ilhyock Shim is principal economist at the BIS Representative Office for Asia and the Pacific in Hong Kong SAR. His primary responsibility is to conduct research on financial regulation, financial markets and financial stability. Before he was assigned to the Representative Office in 2007, he worked for the BIS in Basel for three years as economist at the Financial Institutions and Infrastructure Unit of the Monetary and Economic Department. He began his career as deputy director in the Korean government in 1996. Between 1997 and 1999, he worked at the Ministry of Finance and Economy as deputy director in charge of deposit insurance and financial sector restructuring. From December 2009 to November 2010, he worked for the G20 Affairs Office of the Bank of Korea as adviser. He holds a bachelor's and a master's degree in Economics from Seoul National University, and a PhD in economics from Stanford University.

Fields of interest

  • Financial markets
  • Financial institutions and microprudential issues
  • Financial stability and macroprudential issues

Date BIS research papers
Feb 2018

Cross-stock market spillovers through variance risk premiums and equity flows

BIS Working Papers No 702

Other authors: Masazumi Hattori and Yoshihiko Sugihara

Apr 2017

The beneficial aspect of FX volatility for market liquidity

BIS Working Papers No 629

Other authors: Jakree Koosakul

Mar 2017


BIS Papers No 91

Mar 2017

Household credit in Asia-Pacific

BIS Papers No 91

Other authors: Moritz Schularick

Jan 2017

Redemption risk and cash hoarding by asset managers

BIS Working Papers No 608

Other authors: Stephen Morris and Hyun Song Shin

Jan 2017

The real effects of household debt in the short and long run

BIS Working Papers No 607

Other authors: Marco Jacopo Lombardi and Madhusudan Mohanty

Sep 2016

Financial development and the effectiveness of macroprudential measures

BIS Papers No 86

Other authors: Yusuf Soner Başkaya, Turalay Kenç and Philip Turner

Jan 2016

Sovereign yields and the risk-taking channel of currency appreciation

BIS Working Papers No 538

Other authors: Boris Hofmann and Hyun Song Shin

Oct 2015

Effectiveness of macroprudential and capital flow measures in Asia and the Pacific

BIS Papers No 82

Other authors: Valentina Bruno and Hyun Song Shin

Sep 2015

The rise of regional banking in Asia and the Pacific

BIS Quarterly Review September 2015

Other authors: Eli M Remolona