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
Jun 2010

Policy responses to dislocations in the FX swap market: the experience of Korea

BIS Quarterly Review June 2010

Other authors: Naohiko Baba

Jun 2008

Credit derivatives and structured credit: the nascent markets of Asia and the Pacific

BIS Quarterly Review June 2008

Other authors: Eli M Remolona

Dec 2007

What can (macro-)prudential policy do to support monetary policy?

BIS Working Papers No 242

Other authors: Claudio Borio

Jun 2007

Distress selling and asset market feedback

BIS Working Papers No 229

Other authors: Goetz von Peter

Dec 2006

Corporate credit guarantees in Asia

BIS Quarterly Review December 2006

May 2006

Dynamic prudential regulation: Is prompt corrective action optimal?

BIS Working Papers No 206

May 2005

Forbearance and prompt corrective action

BIS Working Papers No 177

Other authors: Narayana Kocherlakota

Feb 2005

A model of the IMF as a coinsurance arrangement

BIS Working Papers No 170

Other authors: Ralph Chami and Sunil Sharma