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Hyun Song Shin

Bank for International Settlements

Economic Adviser and Head of Research

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

http://www.bis.org/author/hyun_song_shin.htm

  • Bank for International Settlements

SCHOLARLY PAPERS

109

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Top 177

in Total Papers Downloads

54,546

CITATIONS
Rank 165

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Top 165

in Total Papers Citations

1,974

Scholarly Papers (109)

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1.

Fair Value Accounting and Financial Stability

Chicago GSB Research Paper No. 08-15
Number of pages: 14 Posted: 30 Sep 2008
Guillaume Plantin, Haresh Sapra and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE), University of Chicago - Booth School of Business and Bank for International Settlements
Downloads 3,484 (1,717)
Citation 10

Abstract:

2.

Liquidity and Leverage

FRB of New York Staff Report No. 328
Number of pages: 39 Posted: 04 Jun 2008 Last Revised: 11 Nov 2010
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 2,653 (2,711)
Citation 213

Abstract:

financial market liquidity, financial cycles, financial intermediary leverage

3.

Global Games: Theory and Applications

Cowles Foundation Discussion Paper No. 1275R
Number of pages: 70 Posted: 27 Sep 2001
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 2,379 (3,013)
Citation 154

Abstract:

Common Knowledge, Coordination, Currency Crises, Global Games, Higher Order Beliefs, Unique Equilibrium

4.

The Shadow Banking System: Implications for Financial Regulation

FRB of New York Staff Report No. 382
Number of pages: 18 Posted: 30 Jul 2009
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 2,183 (3,162)
Citation 14

Abstract:

financial architecture, regulatory reform

5.

Liquidity, Monetary Policy, and Financial Cycles

Current Issues in Economics and Finance, Vol. 14, No. 1, January/February 2008
Number of pages: 7 Posted: 11 Feb 2008
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 2,132 (3,402)
Citation 97

Abstract:

monetary policy, financial intermediation, financial cycles

6.

Dividends and Bank Capital in the Financial Crisis of 2007-2009

Downloads 1,838 ( 6,516)
Citation 30

Dividends and Bank Capital in the Financial Crisis of 2007-2009

Number of pages: 36 Posted: 20 Mar 2009 Last Revised: 10 Nov 2010
Viral V. Acharya, Irvind Gujral and Hyun Song Shin
New York University - Leonard N. Stern School of Business, London Business School (MBA 2007) and Bank for International Settlements
Downloads 1,757 (6,946)
Citation 30

Abstract:

Credit Crisis, Bank Capital, Dividends

Dividends and Bank Capital in the Financial Crisis of 2007-2009

NBER Working Paper No. w16896
Number of pages: 43 Posted: 21 Mar 2011
Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni and Hyun Song Shin
New York University - Leonard N. Stern School of Business, London Business School (MBA 2007), University of California, Berkeley - Haas School of Business and Bank for International Settlements
Downloads 70 (283,064)
Citation 30

Abstract:

Dividends and Bank Capital in the Financial Crisis of 2007-2009

CEPR Discussion Paper No. DP8801
Number of pages: 45 Posted: 01 Mar 2012
Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni and Hyun Song Shin
New York University - Leonard N. Stern School of Business, London Business School (MBA 2007), University of California, Berkeley - Haas School of Business and Bank for International Settlements
Downloads 11 (517,210)
Citation 29
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Abstract:

asset substitution, crisis, regulatory capital, risk-shifting

7.

Money, Liquidity, and Monetary Policy

FRB of New York Staff Report No. 360
Number of pages: 14 Posted: 22 Jan 2009
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 1,656 (3,924)
Citation 77

Abstract:

credit crisis, monetary policy

8.

Marking to Market: Panacea or Pandora's Box?

Journal of Accounting Research, Vol. 46, No. 2, pp. 435-460, 2008
Number of pages: 32 Posted: 30 Jul 2008 Last Revised: 11 Nov 2010
Guillaume Plantin, Haresh Sapra and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE), University of Chicago - Booth School of Business and Bank for International Settlements
Downloads 1,609 (6,432)
Citation 84

Abstract:

9.

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Cowles Foundation Discussion Paper No. 1406; AFA 2004 San Diego Meetings
Number of pages: 38 Posted: 08 Mar 2003
Franklin Allen, Stephen Morris and Hyun Song Shin
Imperial College London, Princeton University - Department of Economics and Bank for International Settlements
Downloads 1,507 (8,652)
Citation 83

Abstract:

Beauty Contests, Bubbles, Noisy Rational Expectations Equilibrium, Martingales, Public Information, Asset Prices

10.

Reforming Money Market Funds

Tuck School of Business Working Paper No. 2011-86, Rock Center for Corporate Governance at Stanford University Working Paper No. 109, Columbia Business School Research Paper No. 12-13
Number of pages: 10 Posted: 19 Jan 2011 Last Revised: 20 Feb 2012
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin, Jeremy C. Stein and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Tuck School of Business at Dartmouth, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Tuck School of Business at Dartmouth, Bank for International Settlements, Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,472 (8,241)

Abstract:

11.

Financial Intermediaries, Financial Stability, and Monetary Policy

FRB of New York Staff Report No. 346
Number of pages: 39 Posted: 15 Sep 2008
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 1,468 (5,653)
Citation 67

Abstract:

monetary policy, financial stability, financial intermediation, security brokers and dealers, commercial banks

12.

Carry Trades and Speculative Dynamics

Number of pages: 39 Posted: 26 Apr 2006
Guillaume Plantin and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE) and Bank for International Settlements
Downloads 1,259 (11,171)
Citation 36

Abstract:

Carry Trades, Exchange Rates, Speculation

13.

Skewness of Earnings and the Believability Hypothesis: How Does The Financial Market Discount Accounting Earnings Disclosures?

Number of pages: 33 Posted: 18 Nov 1996
Murugappa (Murgie) Krishnan, Srinivasan Sankaraguruswamy and Hyun Song Shin
Yeshiva University, National University of Singapore (NUS) - Department of Accounting and Bank for International Settlements
Downloads 1,140 (14,075)
Citation 3

Abstract:

14.

Market Tantrums and Monetary Policy

Chicago Booth Research Paper No. 14-09
Number of pages: 56 Posted: 15 Mar 2014
Michael Feroli, Anil K. Kashyap, Kermit L. Schoenholtz and Hyun Song Shin
J.P. Morgan Chase & Co., University of Chicago, Booth School of Business, New York University - Stern School of Business - Department of Economics and Bank for International Settlements
Downloads 981 (7,327)

Abstract:

15.

Crisis Resolution and Bank Liquidity

Downloads 915 ( 19,896)
Citation 29

Crisis Resolution and Bank Liquidity

AFA 2009 San Francisco Meetings Paper
Number of pages: 50 Posted: 25 Mar 2008 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 295 (84,829)
Citation 29

Abstract:

Cash, Cash holdings, Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 22 Jan 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 287 (87,594)
Citation 25

Abstract:

Cash, Cash holdings, Hoarding, Systemic risk, Fire sales

Crisis Resolution and Bank Liquidity

Number of pages: 50 Posted: 08 May 2007 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 175 (144,015)
Citation 29

Abstract:

Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

NYU Working Paper No. 2451/29540
Number of pages: 66 Posted: 09 Mar 2009 Last Revised: 10 Sep 2013
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 111 (209,548)
Citation 29

Abstract:

Crisis Resolution and Bank Liquidity

NBER Working Paper No. w15567
Number of pages: 50 Posted: 08 Dec 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 47 (345,983)
Citation 25

Abstract:

16.

Liquidity Black Holes

Cowles Foundation Discussion Paper No. 1434
Number of pages: 27 Posted: 19 Sep 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 811 (21,621)
Citation 68

Abstract:

Liquidity, asset pricing, global games

17.

Financial Intermediaries and Monetary Economics

FRB of New York Staff Report No. 398
Number of pages: 75 Posted: 20 Oct 2009 Last Revised: 10 Nov 2010
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 783 (13,719)
Citation 74

Abstract:

financial intermediation, monetary policy, risk-taking channel

18.

Regulating Financial Conglomerates

Downloads 78 ( 25,194)
Citation 15

Regulating Financial Conglomerates

National Bank of Belgium Working Paper No. 54
Number of pages: 25 Posted: 14 Oct 2010
Xavier Freixas, Gyongyi Loranth, Alan D. Morrison and Hyun Song Shin
Universitat Pompeu Fabra, Centre for Economic Policy Research (CEPR), affiliation not provided to SSRN and Bank for International Settlements
Downloads 78 (265,575)
Citation 15

Abstract:

19.

Monetary Cycles, Financial Cycles and the Business Cycle

FRB of New York Staff Report No. 421
Number of pages: 19 Posted: 06 Jan 2010
Tobias Adrian, Arturo Estrella and Hyun Song Shin
International Monetary Fund, Rensselaer Polytechnic Institute and Bank for International Settlements
Downloads 742 (18,312)
Citation 3

Abstract:

monetary policy, financial intermediation

20.

Liquidity Risk and Contagion

Bank of England Working Paper Series No. 264
Number of pages: 31 Posted: 19 Oct 2005
Rodrigo Cifuentes, Gianluigi Ferrucci and Hyun Song Shin
Central Bank of Chile, European Central Bank (ECB) and Bank for International Settlements
Downloads 741 (18,721)
Citation 97

Abstract:

21.

Procyclical Leverage and Endogenous Risk

Number of pages: 43 Posted: 17 Mar 2009 Last Revised: 05 Oct 2012
Jon Danielsson, Hyun Song Shin and Jean-Pierre Zigrand
London School of Economics - Systemic Risk Centre, Bank for International Settlements and London School of Economics - Department of Finance, Systemic Risk Centre, and Financial Markets Group
Downloads 706 (24,648)
Citation 21

Abstract:

Liquidity, Endogenous Risk, Financial Crises

22.

Stressed Out: Macroprudential Principles for Stress Testing

Chicago Booth Research Paper No. 12-08, Fama-Miller Working Paper
Number of pages: 53 Posted: 14 Feb 2012 Last Revised: 04 Apr 2013
David Greenlaw, Anil K. Kashyap, Kermit L. Schoenholtz and Hyun Song Shin
Morgan Stanley, University of Chicago, Booth School of Business, New York University - Stern School of Business - Department of Economics and Bank for International Settlements
Downloads 700 (18,514)
Citation 6

Abstract:

23.

Liquidity and Financial Cycles

BIS Working Paper No. 256
Number of pages: 38 Posted: 22 Jul 2008
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 662 (24,261)
Citation 51

Abstract:

Financial cycle, financial intermediation, leverage, liquidity

24.

How to Open and Close the Market: Lessons from the London Stock Exchange

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 58 Posted: 12 May 2002
Andrew Ellul, Hyun Song Shin and Ian Tonks
Indiana University - Kelley School of Business - Department of Finance, Bank for International Settlements and University of Bath School of Management
Downloads 631 (32,383)
Citation 2

Abstract:

Call markets; Dealership markets; Opening and Closing Markets; International

25.

Marking to Market, Liquidity and Financial Stability

Number of pages: 33 Posted: 30 Jul 2008
Guillaume Plantin, Haresh Sapra and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE), University of Chicago - Booth School of Business and Bank for International Settlements
Downloads 561 (36,228)
Citation 4

Abstract:

Marking to market, accounting regime, monetary policy, financial stability

26.

Procyclical Leverage and Value-at-Risk

FRB of New York Staff Report No. 338
Number of pages: 29 Posted: 31 Jul 2008 Last Revised: 31 Mar 2011
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 552 (37,821)
Citation 45

Abstract:

security brokers and dealers, contracting in financial institutions

27.

Financial Intermediation and the Post-Crisis Financial System

BIS Working Paper No. 304
Number of pages: 38 Posted: 05 May 2010
Hyun Song Shin
Bank for International Settlements
Downloads 544 (26,333)
Citation 15

Abstract:

leverage, financial intermediation chains, financial stability

28.

Heterogeneity and Uniqueness in Interaction Games

Cowles Foundation Discussion Paper No. 1402
Number of pages: 44 Posted: 26 Feb 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 499 (41,731)
Citation 8

Abstract:

Heterogeneity, Uniqueness, Global Games

29.

Aligning Incentives at Systemically Important Financial Institutions

Columbia Business School Research Paper No. 13-18, Fisher College of Business Working Paper
Number of pages: 7 Posted: 28 Mar 2013
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Tuck School of Business at Dartmouth, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Tuck School of Business at Dartmouth, Bank for International Settlements and Ohio State University (OSU) - Department of Finance
Downloads 495 (37,380)

Abstract:

Bonus, compensation, contingent convertible bonds, capital, regulation, financial crisis

30.

Coordination Risk and the Price of Debt

Cowles Foundation Discussion Paper No. 1241R
Number of pages: 28 Posted: 14 Feb 2002
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 490 (43,453)
Citation 83

Abstract:

Debt, Coordination, Liquidity, Common Knowledge

31.

Communication and Monetary Policy

Downloads 489 ( 46,976)
Citation 35

Communication and Monetary Policy

Cowles Foundation Discussion Paper No. 1405
Number of pages: 22 Posted: 08 Mar 2003
Jeffery D. Amato, Stephen Morris and Hyun Song Shin
Goldman Sachs International, Princeton University - Department of Economics and Bank for International Settlements
Downloads 337 (72,882)
Citation 35

Abstract:

Communication, Monetary Policy, Transparency, Common Knowledge

Communication and Monetary Policy

BIS Working Paper No. 123
Number of pages: 30 Posted: 13 Dec 2005
Jeffery D. Amato, Stephen Morris and Hyun Song Shin
Goldman Sachs International, Princeton University - Department of Economics and Bank for International Settlements
Downloads 152 (164,044)
Citation 35

Abstract:

32.

Risk and Liquidity in a System Context

BIS Working Paper No. 212
Number of pages: 51 Posted: 20 Sep 2007
Hyun Song Shin
Bank for International Settlements
Downloads 486 (45,181)
Citation 29

Abstract:

Liquidity, Systemic Risk, Financial Stability, Asset prices, leverage, liquidity

33.

Catalytic Finance: When Does it Work?

Cowles Foundation Discussion Paper No. 1400
Number of pages: 21 Posted: 26 Feb 2003
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 478 (46,250)
Citation 31

Abstract:

Moral Hazard, Financial Crisis, International Financial Architecture, Global Games

34.

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

Downloads 474 ( 48,698)

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

Review of Financial Studies, Forthcoming
Number of pages: 65 Posted: 04 Jun 2015 Last Revised: 08 Aug 2016
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 443 (52,434)

Abstract:

Emerging markets, bond issuance, surrogate intermediaries, US dollar credit

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

BIS Working Paper No. 510
Number of pages: 53 Posted: 28 Aug 2015
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 31 (406,246)

Abstract:

emerging markets, bond issuance, surrogate intermediaries

35.

Fire-Sale FDI

Downloads 455 ( 51,269)
Citation 15

Fire-Sale FDI

AFA 2008 New Orleans Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 45 Posted: 20 Mar 2007 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 316 (78,408)
Citation 15

Abstract:

Fire sales, Capital flight, FDI flows, Financial crises, Foreign takeovers

Fire-Sale FDI

NYU Working Paper No. 2451/29541
Number of pages: 53 Posted: 08 Feb 2010 Last Revised: 10 Sep 2013
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 138 (176,879)
Citation 15

Abstract:

Fire-Sale FDI

CEPR Discussion Paper No. DP6319
Number of pages: 48 Posted: 27 May 2008
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 1 (579,951)
Citation 15
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Abstract:

capital flight, FDI flows, financial crises, fire sales, foreign takeovers

36.

Asset Price Dynamics with Value-at-Risk Constrained Traders

London School of Economics Financial Markets Group Discussion Paper No. 394; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 25 Posted: 12 Mar 2002
Jon Danielsson, Jean-Pierre Zigrand and Hyun Song Shin
London School of Economics - Systemic Risk Centre, London School of Economics - Department of Finance, Systemic Risk Centre, and Financial Markets Group and Bank for International Settlements
Downloads 412 (53,884)
Citation 6

Abstract:

value-at-risk, general equilibrium, financial regulation

37.

Capital Flows, Cross-Border Banking and Global Liquidity

Downloads 398 ( 60,433)
Citation 8

Capital Flows, Cross-Border Banking and Global Liquidity

AFA 2013 San Diego Meetings Paper
Number of pages: 50 Posted: 13 Mar 2012 Last Revised: 03 Dec 2012
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 386 (62,053)
Citation 8

Abstract:

Gross capital flows, leverage, credit booms and busts

Capital Flows, Cross-Border Banking and Global Liquidity

NBER Working Paper No. w19038
Number of pages: 51 Posted: 11 May 2013
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 12 (511,490)
Citation 8

Abstract:

38.

Do Derivatives Disclosures Impede Sound Risk Management?

Chicago GSB Research Paper No. 08-04
Number of pages: 35 Posted: 17 Jul 2008
Haresh Sapra and Hyun Song Shin
University of Chicago - Booth School of Business and Bank for International Settlements
Downloads 373 (61,924)
Citation 4

Abstract:

39.

Contagious Adverse Selection

Economic Theory Center Working Paper No. 001-2010
Number of pages: 29 Posted: 22 Dec 2010
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 359 (68,243)
Citation 10

Abstract:

40.

Financial Intermediation, Asset Prices and Macroeconomic Dynamics

FRB of New York Staff Report No. 422
Number of pages: 42 Posted: 07 Jan 2010
Tobias Adrian, Emanuel Moench and Hyun Song Shin
International Monetary Fund, Deutsche Bundesbank and Bank for International Settlements
Downloads 357 (48,698)
Citation 19

Abstract:

return predictability, financial intermediation, macroeconomic dynamics, macroprudential policy

41.

Positive Feedback Trading Under Stress: Evidence from the US Treasury Securities Market

AFA 2003 Washington, DC Meetings, BIS Working Paper No. 122
Number of pages: 50 Posted: 13 Dec 2005
Benjamin H. Cohen and Hyun Song Shin
Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 333 (66,668)
Citation 16

Abstract:

42.

The CNBC Effect: Welfare Effects of Public Information

Yale Cowles Foundation Discussion Paper No. 1312
Number of pages: 36 Posted: 25 Aug 2001
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 330 (71,241)
Citation 8

Abstract:

Transparency, Disclosures, Coordination, Overreaction To Public Information

43.

Liquidity and Contagion: The Crisis of 1763

Number of pages: 45 Posted: 07 Oct 2004
Isabel Schnabel and Hyun Song Shin
Institute for Finance & Statistics and Bank for International Settlements
Downloads 329 (64,629)
Citation 24

Abstract:

Liquidity, contagion, financial crises

44.

Illiquidity Component of Credit Risk

Downloads 320 ( 77,863)
Citation 24

Illiquidity Component of Credit Risk

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 081_2016
Number of pages: 23 Posted: 02 Jun 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 319 (77,622)
Citation 24

Abstract:

Illiquidity Component of Credit Risk

International Economic Review, Vol. 57, Issue 4, pp. 1135-1148, 2016
Number of pages: 14 Posted: 15 Nov 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 1 (579,951)
Citation 24
  • Add to Cart

Abstract:

45.

Systemic Risk and Liquidity in Payment Systems

FRB of New York Staff Report No. 352
Number of pages: 49 Posted: 09 Nov 2008 Last Revised: 10 Nov 2010
Gara Afonso and Hyun Song Shin
Federal Reserve Bank of New York and Bank for International Settlements
Downloads 292 (75,246)
Citation 6

Abstract:

systemic risk, financial networks, high-value payment systems, precautionary demand

46.

Financial Intermediary Balance Sheet Management

Downloads 283 ( 89,403)
Citation 4

Financial Intermediary Balance Sheet Management

FRB of New York Staff Report No. 532
Number of pages: 30 Posted: 04 Jan 2012
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 283 (88,913)
Citation 4

Abstract:

Capital, debt, leverage, procyclicality

Financial Intermediary Balance Sheet Management

Annual Review of Financial Economics, Vol. 3, pp. 289-307, 2011
Posted: 10 Jan 2012
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements

Abstract:

47.

A Theory of Slow-Moving Capital and Contagion

Downloads 281 ( 90,073)
Citation 10

A Theory of Slow-Moving Capital and Contagion

Number of pages: 45 Posted: 23 Jan 2009 Last Revised: 10 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 168 (149,478)
Citation 10

Abstract:

arbitrage, illiquidity, crises, spillover

A Theory of Slow-Moving Capital and Contagion

NYU Working Paper No. FIN-08-029
Number of pages: 45 Posted: 09 Mar 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 107 (215,310)
Citation 10

Abstract:

A Theory of Slow-Moving Capital and Contagion

CEPR Discussion Paper No. DP7147
Number of pages: 47 Posted: 18 Feb 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 6 (544,194)
Citation 10
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Abstract:

arbitrage, crises, fire sales, illiquidity, spillover

48.

Risk Appetite and Exchange Rates

FRB of New York Staff Report No. 361
Number of pages: 45 Posted: 05 Feb 2009 Last Revised: 10 Nov 2010
Tobias Adrian, Erkko Etula and Hyun Song Shin
International Monetary Fund, Independent and Bank for International Settlements
Downloads 277 (80,933)
Citation 18

Abstract:

asset pricing, financial intermediaries, exchange rates

49.

Public and Private Information in Monetary Policy Models

BIS Working Paper No. 138
Number of pages: 81 Posted: 20 Sep 2007
Jeffery D. Amato and Hyun Song Shin
Goldman Sachs International and Bank for International Settlements
Downloads 192 (122,223)
Citation 21

Abstract:

Imperfect information, monopolistic competition, targeting

50.

Endogenous Choice of Bank Liquidity: The Role of Fire Sales

Bank of England Working Paper No. 376
Number of pages: 68 Posted: 12 Dec 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 172 (117,751)
Citation 4

Abstract:

Crises, systemic risk, distress, limited pledgeability, lender of last resort

51.

Analytics of Sovereign Debt Restructuring

Bank of England Working Paper No. 203
Number of pages: 26 Posted: 30 Sep 2004
Andrew Haldane, Adrian Penalver, Victoria Saporta and Hyun Song Shin
Bank of England, Bank of England, Bank of England and Bank for International Settlements
Downloads 169 (140,508)
Citation 10

Abstract:

Sovereign debt, restructuring mechanisms, collective action clauses, international bankruptcy, International Monetary Fund

52.

Mapping the Shadow Banking System Through a Global Flow of Funds Analysis

IMF Working Paper No. 14/10
Number of pages: 58 Posted: 20 Feb 2014
Luca Errico, Artak Harutyunyan, Elena Loukoianova, Richard Walton, Yevgeniya Korniyenko, Goran Amidžic, Hanan AbuShanab and Hyun Song Shin
International Monetary Fund (IMF), International Monetary Fund (IMF) - Statistics Department, International Monetary Fund (IMF), International Monetary Fund (IMF) - Statistics Department, Bank of England, International Monetary Fund (IMF) - Statistics Department, International Monetary Fund (IMF) and Bank for International Settlements
Downloads 165 (86,313)

Abstract:

Banking systems, United States, Shadow economy, Capital flows, International capital markets, Shadow Banking, Global Flow of Funds, Financial Stability, Data Gaps, banking sector, banking statistics, bank for international settlements, bank liabilities, banking activities, banking sectors, var model, debt securities, off balance sheet, bank balance sheets, offshore banking, domestic credit, banking sector assets, government finance, bank offices, banking business, central banking, bank credit, banking accounts, bank monitoring

53.

Prices and Quantities in the Monetary Policy Transmission Mechanism

Federal Reserve Bank of New York Staff Report No. 396
Number of pages: 15 Posted: 07 Oct 2009 Last Revised: 10 Nov 2010
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 163 (108,874)
Citation 5

Abstract:

monetary policy, liquidity facilities

54.

Common Belief Foundations of Global Games

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 069_2015
Number of pages: 27 Posted: 30 May 2015 Last Revised: 05 Dec 2015
Stephen Morris, Hyun Song Shin and Muhamet Yildiz
Princeton University - Department of Economics, Bank for International Settlements and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 131 (83,698)
Citation 1

Abstract:

55.

Optimal Collective Action Clause Thresholds

Bank of England Working Paper No. 249
Number of pages: 25 Posted: 19 May 2005
Andrew Haldane, Adrian Penalver, Victoria Saporta and Hyun Song Shin
Bank of England, Bank of England, Bank of England and Bank for International Settlements
Downloads 131 (166,676)
Citation 4

Abstract:

Sovereign debt, liquidity crises, restructuring mechanisms, collective action clauses

56.

The Hunt for Duration: Not Waving But Drowning?

Downloads 123 (193,226)

The Hunt for Duration: Not Waving But Drowning?

BIS Working Paper No. 519
Number of pages: 48 Posted: 12 Oct 2015
Dietrich Domanski, Hyun Song Shin and Vladyslav Sushko
Bank for International Settlements (BIS), Bank for International Settlements and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 98 (229,175)

Abstract:

long-term yield compression, insurance sector, liability-driven investment, duration mismatch

The Hunt for Duration: Not Waving but Drowning?

BIS Working Paper No. 519
Number of pages: 52 Posted: 01 Mar 2017
Dietrich Domanski, Hyun Song Shin and Vladyslav Sushko
Bank for International Settlements (BIS), Bank for International Settlements and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 25 (436,176)

Abstract:

Long-Term Yield Compression, Insurance Sector, Liability-Driven Investment, Duration Mismatch

57.

Macro Risk Premium and Intermediary Balance Sheet Quantities

Downloads 116 (201,939)
Citation 11

Macro Risk Premium and Intermediary Balance Sheet Quantities

FRB of New York Staff Report No. 428
Number of pages: 39 Posted: 03 Feb 2010
Tobias Adrian, Emanuel Moench and Hyun Song Shin
International Monetary Fund, Deutsche Bundesbank and Bank for International Settlements
Downloads 91 (240,905)
Citation 11

Abstract:

monetary policy, financial intermediation, capital markets

Macro Risk Premium and Intermediary Balance Sheet Quantities

IMF Economic Review, Vol. 58, Issue 1, pp. 179-207, 2010
Number of pages: 29 Posted: 18 Oct 2010
Tobias Adrian, Emanuel Moench and Hyun Song Shin
International Monetary Fund, Deutsche Bundesbank and Bank for International Settlements
Downloads 25 (436,176)
Citation 11
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Abstract:

58.

The International Monetary and Financial System: A Capital Account Historical Perspective

BIS Working Paper No. 457
Number of pages: 32 Posted: 12 Sep 2014
Claudio E. V. Borio, Harold James and Hyun Song Shin
Bank for International Settlements (BIS) - Research and Policy Analysis, Princeton University - Department of History and Bank for International Settlements
Downloads 105 (106,957)

Abstract:

excess financial elasticity, banking glut, current account, capital account, financial cycle, financial crises

59.

Bank Capital and Dividend Externalities

Downloads 99 (226,153)
Citation 2

Bank Capital and Dividend Externalities

BIS Working Paper No. 580
Number of pages: 56 Posted: 15 Sep 2016
Viral V. Acharya, Hanh Le and Hyun Song Shin
New York University - Leonard N. Stern School of Business, University of Illinois at Chicago and Bank for International Settlements
Downloads 78 (265,575)
Citation 2

Abstract:

bank dividends, capital erosion, systemic risk

Bank Capital and Dividend Externalities

NBER Working Paper No. w19707
Number of pages: 61 Posted: 10 Dec 2013
Viral V. Acharya, Hanh Le and Hyun Song Shin
New York University - Leonard N. Stern School of Business, University of Illinois at Chicago and Bank for International Settlements
Downloads 14 (499,845)
Citation 2

Abstract:

Bank Capital and Dividend Externalities

CEPR Discussion Paper No. DP9479
Number of pages: 53 Posted: 24 May 2013
Viral V. Acharya, Hanh T. Le and Hyun Song Shin
New York University - Leonard N. Stern School of Business, New York University (NYU) - Leonard N. Stern School of Business and Bank for International Settlements
Downloads 6 (544,194)
Citation 2
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Abstract:

externalities, financial crises, franchise value, risk-shifting

Bank Capital and Dividend Externalities

CEPR Discussion Paper No. DP9865
Number of pages: 62 Posted: 02 Jun 2014
Viral V. Acharya, Hanh T. Le and Hyun Song Shin
New York University - Leonard N. Stern School of Business, New York University (NYU) - Leonard N. Stern School of Business and Bank for International Settlements
Downloads 1 (579,951)
Citation 2
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Abstract:

externalities, financial crises, franchise value, risk-shifting

60.

Leverage Asset Pricing

FRB of New York Staff Report No. 625
Number of pages: 45 Posted: 05 Sep 2013
Tobias Adrian, Emanuel Moench and Hyun Song Shin
International Monetary Fund, Deutsche Bundesbank and Bank for International Settlements
Downloads 88 (162,906)
Citation 1

Abstract:

return predictability, cross-sectional asset pricing, financial intermediation, macro-finance

61.

Debt Maturity Structure with Pre-emptive Creditors

Bank of England Working Paper No. 201
Number of pages: 28 Posted: 08 Sep 2004
Prasanna Gai and Hyun Song Shin
Bank of England and Bank for International Settlements
Downloads 86 (240,787)
Citation 3

Abstract:

Debt maturity, international financial architecture, creditor pre-emption

62.

Capital Flows and the Risk-Taking Channel of Monetary Policy

Downloads 78 (263,113)
Citation 4

Capital Flows and the Risk-Taking Channel of Monetary Policy

BIS Working Paper No. 400
Number of pages: 43 Posted: 12 Apr 2013 Last Revised: 10 May 2014
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 73 (276,226)
Citation 4

Abstract:

Capital flows, exchange rate appreciation, credit booms

Capital Flows and the Risk-Taking Channel of Monetary Policy

NBER Working Paper No. w18942
Number of pages: 46 Posted: 05 Apr 2013
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 5 (549,291)
Citation 4

Abstract:

63.

Oil and Debt

BIS Quarterly Review March 2015
Number of pages: 11 Posted: 01 Apr 2015
Dietrich Domanski, Jonathan Kearns, Marco J. Lombardi and Hyun Song Shin
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) - Monetary and Economic Department and Bank for International Settlements
Downloads 76 (126,831)

Abstract:

64.

Procyclicality and the Search for Early Warning Indicators

IMF Working Paper No. 13/258
Number of pages: 17 Posted: 09 Jan 2014
Hyun Song Shin
Bank for International Settlements
Downloads 66 (269,336)
Citation 2

Abstract:

Business cycles, Capital markets, Credit, Demand for money, China, Banks, Monetary aggregates, Non-core liabilities, credit cycles, financial stability, discount rates, monetary fund, international capital markets, money stock, capital flow reversals, access to capital markets, money demand, capital inflows, global capital markets, eurodollar market, equity prices, open capital markets, monetary authority, long-term interest rates, hong kong monetary authority, capital market funding, hedging, monetary stability, excess liquidity, monetary analysis

65.

Exploring the Dynamics of Global Liquidity

IMF Working Paper No. 12/246
Number of pages: 48 Posted: 01 Nov 2012
Sally Chen, Philip Liu, Andrea Michaela Maechler, Chris Marsh, Sergejs Saksonovs and Hyun Song Shin
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), affiliation not provided to SSRN, International Monetary Fund (IMF) and Bank for International Settlements
Downloads 64 (253,434)
Citation 3

Abstract:

Liquidity, Demand, Supply, Monetary aggregates, International monetary system, Liquidity, core and noncore financial liabilities, shadow banking, growth

66.

Non-Financial Corporations from Emerging Market Economies and Capital Flows

BIS Quarterly Review December 2014
Number of pages: 11 Posted: 11 Dec 2014
Stefan Avdjiev, Michael K.F. Chui and Hyun Song Shin
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 51 (150,226)

Abstract:

67.

Global Liquidity Through the Lens of Monetary Aggregates

IMF Working Paper No. 14/9
Number of pages: 50 Posted: 20 Feb 2014
Kyuil Chung, Jong-Eun Lee, Elena Loukoianova, Hail Park and Hyun Song Shin
Institute for Monetary & Economic Research, Sejong University - Department of Economics, International Monetary Fund (IMF), Kyung Hee University and Bank for International Settlements
Downloads 48 (322,398)

Abstract:

Monetary aggregates, Corporate sector, International capital markets, Capital inflows, Liquidity, Exchange rate appreciation, Banking sector, Corporate deposits, money supply, offshore bond issuance, capital flows, debt securities, global capital markets, open capital markets, index options, hedging, securities markets, international capital flows, corporate bonds, capital market financing, corporate bond market, hoarding, subsidiaries, border capital flows, net capital, real effective exchange rate

68.

Comparative Assessment of Macroprudential Policies

BIS Working Paper No. 502
Number of pages: 56 Posted: 12 Jun 2015
Valentina Bruno, Ilhyock Shim and Hyun Song Shin
American University - Department of Finance and Real Estate, Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 47 (223,141)

Abstract:

macroprudential policy, capital flow management policy, interest rate policy, complementarity, Asia-Pacific

69.

Cross-Border Banking and Global Liquidity

BIS Working Paper No. 458
Number of pages: 47 Posted: 12 Sep 2014
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 45 (275,592)
Citation 6

Abstract:

cross-border banking flows, bank leverage, global banks

70.

Liquidity and Twin Crises

Economic Notes, Vol. 34, No. 3, pp. 257-277, November 2005
Number of pages: 21 Posted: 06 Dec 2005
Hyun Song Shin
Bank for International Settlements
Downloads 22 (439,008)
Citation 3
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Abstract:

71.

Disclosures and Asset Returns

CEPR Discussion Paper No. 3345
Number of pages: 39 Posted: 04 Jun 2002
Hyun Song Shin
Bank for International Settlements
Downloads 21 (444,167)
Citation 21
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Abstract:

Binomial trees, disclosure games, residual uncertainty

72.

Investor Redemptions and Fund Manager Sales of Emerging Market Bonds: How are They Related?

BIS Working Paper No. 509
Number of pages: 52 Posted: 25 Aug 2015
Jimmy Shek, Ilhyock Shim and Hyun Song Shin
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 18 (240,787)

Abstract:

Emerging market, sudden stop, financial crisis, global liquidity reversal, investor redemption

73.

Procyclicality and Monetary Aggregates

NBER Working Paper No. w16836
Number of pages: 28 Posted: 28 Feb 2011
Hyun Song Shin and Kwanho Shin
Bank for International Settlements and Korea University
Downloads 16 (444,167)
Citation 6

Abstract:

74.

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9

NBER Working Paper No. w18335
Number of pages: 56 Posted: 01 Sep 2012
Tobias Adrian, Paolo Colla and Hyun Song Shin
International Monetary Fund, Bocconi University - Department of Finance and Bank for International Settlements
Downloads 15 (475,431)
Citation 12

Abstract:

75.

Macroprudential Policies in Open Emerging Economies

NBER Working Paper No. w17780
Number of pages: 62 Posted: 27 Jan 2012
Joon-Ho Hahm, Frederic S. Mishkin, Hyun Song Shin and Kwanho Shin
Yonsei University - Graduate School of International Studies, Columbia Business School - Finance and Economics, Bank for International Settlements and Korea University
Downloads 12 (428,675)
Citation 1

Abstract:

76.

Discussion of Assessing the Information Content of Mark-to-Market Accounting with Mixed Attributes: The Case of Cash Flow Hedges and Market Transparency and the Accounting Regime

Journal of Accounting Research, Vol. 45, Issue 2, pp. 277-287, May 2007
Number of pages: 12 Posted: 11 Dec 2007
Hyun Song Shin
Bank for International Settlements
Downloads 11 (491,128)
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Abstract:

77.

Carry Trades, Monetary Policy and Speculative Dynamics

CEPR Discussion Paper No. DP8224
Number of pages: 41 Posted: 09 Feb 2011
Guillaume Plantin and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE) and Bank for International Settlements
Downloads 7 (511,098)
Citation 37
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Abstract:

currency crises, emerging market bubbles, speculation

78.

The Squam Lake Report: Fixing the Financial System

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 8-21, Summer 2010
Number of pages: 16 Posted: 04 Oct 2010
Kenneth R. French, Martin Neil Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Anil K. Kashyap, Frederic S. Mishkin, Raghuram G. Rajan, David S. Scharfstein, Robert J. Shiller, Hyun Song Shin, Matthew J. Slaughter, Jeremy C. Stein and René M. Stulz
Tuck School of Business at Dartmouth, Institute for International Economics, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, University of Chicago - Booth School of Business, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Bank for International Settlements, Tuck School of Business at Dartmouth, Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 7 (515,819)
Citation 19
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Abstract:

79.

Fire Sales, Foreign Entry and Bank Liquidity

CEPR Discussion Paper No. DP6309
Number of pages: 62 Posted: 27 May 2008
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 6 (520,357)
Citation 19
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Abstract:

crises, distress, limited pledgeability, liquidation cost, systemic risk

80.

Non-Core Bank Liabilities and Financial Vulnerability

NBER Working Paper No. w18428
Number of pages: 54 Posted: 29 Sep 2012
Joon-Ho Hahm, Hyun Song Shin and Kwanho Shin
Yonsei University - Graduate School of International Studies, Bank for International Settlements and Korea University
Downloads 5 (470,220)
Citation 6

Abstract:

81.

Assessing Macroprudential Policies: Case of Korea

NBER Working Paper No. w19084
Number of pages: 37 Posted: 31 May 2013
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 4 (501,232)

Abstract:

82.

Procyclical Leverage and Value-at-Risk

NBER Working Paper No. w18943
Number of pages: 43 Posted: 05 Apr 2013
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements
Downloads 3 (524,851)
Citation 45

Abstract:

83.

Securitisation and Financial Stability

The Economic Journal, Vol. 119, Issue 536, pp. 309-332, March 2009
Number of pages: 24 Posted: 27 Apr 2009
Hyun Song Shin
Bank for International Settlements
Downloads 3 (534,385)
Citation 22
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Abstract:

84.

Yen Carry Trade and the Subprime Crisis

IMF Staff Papers, Vol. 56, No. 2, pp. 384-409, 2009
Number of pages: 26 Posted: 19 Oct 2010
Masazumi Hattori and Hyun Song Shin
London School of Economics & Political Science (LSE) - Financial Markets Group and Bank for International Settlements
Downloads 2 (541,415)
Citation 6
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Abstract:

85.

Global Banking Glut and Loan Risk Premium

IMF Economic Review, Vol. 60, Issue 2, pp. 155-192, 2012
Number of pages: 38 Posted: 30 Jun 2012
Hyun Song Shin
Bank for International Settlements
Downloads 1 (529,367)
Citation 16
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Abstract:

86.

Global Liquidity: A Selective Review

Annual Review of Economics, Vol. 9, pp. 587-612, 2017
Posted: 14 Aug 2017
Benjamin H. Cohen, Dietrich Domanski, Ingo Fender and Hyun Song Shin
Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements

Abstract:

87.

Redemption Risk and Cash Hoarding by Asset Managers

BIS Working Paper No. 608
Number of pages: 47 Posted: 01 Feb 2017
Stephen Morris, Ilhyock Shim and Hyun Song Shin
Princeton University - Department of Economics, Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (259,226)

Abstract:

asset manager, bond market liquidity, cash hoarding, global game, investor redemption, strategic complementarity

88.

Currency Depreciation and Emerging Market Corporate Distress

Number of pages: 50 Posted: 12 Dec 2016 Last Revised: 15 May 2017
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 0 (209,948)

Abstract:

emerging market corporate debt, currency mismatch, China

89.

The Dollar, Bank Leverage and the Deviation from Covered Interest Parity

BIS Working Paper No. 592
Number of pages: 43 Posted: 16 Nov 2016
Stefan Avdjiev, Wenxin Du, Catherine Koch and Hyun Song Shin
Bank for International Settlements (BIS), Federal Reserve Board, Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (193,226)

Abstract:

exchange rates, bank leverage, cross-currency basis

90.

Dynamic Leverage Asset Pricing

CEPR Discussion Paper No. DP11466
Number of pages: 49 Posted: 30 Aug 2016
Tobias Adrian, Emanuel Moench and Hyun Song Shin
International Monetary Fund, Deutsche Bundesbank and Bank for International Settlements
Downloads 0 (565,802)
Citation 1
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Abstract:

intermediary asset pricing, Leverage Cycles, Macro-Finance

91.

Welfare Effects of Public Information

Bundesbank Series 1 Discussion Paper No. 2000,07
Number of pages: 23 Posted: 08 Jun 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 0 (524,851)
Citation 9

Abstract:

92.

Why Bank Capital Matters for Monetary Policy

BIS Working Paper No. 558
Number of pages: 34 Posted: 08 Apr 2016
Leonardo Gambacorta and Hyun Song Shin
Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (137,704)

Abstract:

Bank capital, book equity, monetary transmission mechanisms, funding, bank lending

93.

Sovereign Yields and the Risk-Taking Channel of Currency Appreciation

BIS Working Paper No. 538
Number of pages: 47 Posted: 19 Jan 2016
Boris Hofmann, Ilhyock Shim and Hyun Song Shin
Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (190,820)

Abstract:

bond spread, capital flow, credit risk, emerging market, exchange rate

94.

Exchange Rates and Monetary Spillovers

BIS Working Paper No. 537
Number of pages: 43 Posted: 19 Jan 2016
Guillaume Plantin and Hyun Song Shin
University of Toulouse 1 - Toulouse School of Economics (TSE) and Bank for International Settlements
Downloads 0 (251,508)

Abstract:

currency appreciation, capital flows, global games

95.

Risk Premium Shifts and Monetary Policy: A Coordination Approach

Princeton University William S. Dietrich II Economic Theory Center Research Paper No. 075_2016
Number of pages: 25 Posted: 14 Jan 2016
Stephen Morris and Hyun Song Shin
Princeton University - Department of Economics and Bank for International Settlements
Downloads 0 (161,986)

Abstract:

market liquidity, risk-taking channel, runs

96.

Risk Appetite and Exchange Rates

FRB of NY Staff Report No. 750
Number of pages: 22 Posted: 10 Dec 2015 Last Revised: 30 Aug 2017
Tobias Adrian, Erkko Etula and Hyun Song Shin
International Monetary Fund, Independent and Bank for International Settlements
Downloads 0 (85,652)
Citation 17

Abstract:

asset pricing, financial intermediaries, exchange rates

97.

Breaking Free of the Triple Coincidence in International Finance

BIS Working Paper No. 524
Number of pages: 41 Posted: 21 Oct 2015
Stefan Avdjiev, Robert N. McCauley and Hyun Song Shin
Bank for International Settlements (BIS), Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (259,226)

Abstract:

capital flows, global liquidity, international currencies

98.

Effectiveness of Macroprudential and Capital Flow Measures in Asia and the Pacific

BIS Paper No. 82k
Number of pages: 8 Posted: 19 Oct 2015
Valentina Bruno, Ilhyock Shim and Hyun Song Shin
American University - Department of Finance and Real Estate, Bank for International Settlements (BIS) and Bank for International Settlements
Downloads 0 (331,209)

Abstract:

banking inflow, bond inflow, domestic macroprudential measure, capital flow measure

99.

On the Scale of Financial Intermediaries

FRB of NY Staff Report No. 743
Number of pages: 37 Posted: 06 Oct 2015
Tobias Adrian, Nina Boyarchenko and Hyun Song Shin
International Monetary Fund, Federal Reserve Bank of New York and Bank for International Settlements
Downloads 0 (215,673)

Abstract:

financial intermediation, macro-finance, capital regulations

100.

Globalization of Corporate Risk Taking

Journal of International Business Studies, Vol. 45, Issue 7, pp. 800-820, 2014
Number of pages: 21 Posted: 04 Sep 2014
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 0 (565,802)
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Abstract:

101.

Assessing Macroprudential Policies: Case of South Korea

The Scandinavian Journal of Economics, Vol. 116, Issue 1, pp. 128-157, 2014
Number of pages: 30 Posted: 31 Dec 2013
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 0 (551,404)
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Abstract:

Capital flows, credit booms, macroprudential policy

102.

Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 37-40, 2013
Number of pages: 6 Posted: 23 Dec 2013
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University, Tuck School of Business at Dartmouth, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Tuck School of Business at Dartmouth, Bank for International Settlements and Ohio State University (OSU) - Department of Finance
Downloads 0 (565,802)
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Abstract:

103.

Endogenous Extreme Events and the Dual Role of Prices

Annual Review of Economics, Vol. 4, pp. 111-129, 2012
Posted: 01 Sep 2012
Jon Danielsson, Hyun Song Shin and Jean-Pierre Zigrand
London School of Economics - Systemic Risk Centre, Bank for International Settlements and London School of Economics - Department of Finance, Systemic Risk Centre, and Financial Markets Group

Abstract:

104.

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09

FRB of New York Staff Report No. 528, Economic Theory Center Working Paper No. 36-2012
Posted: 24 Dec 2011 Last Revised: 04 Oct 2012
Tobias Adrian, Paolo Colla and Hyun Song Shin
International Monetary Fund, Bocconi University - Department of Finance and Bank for International Settlements

Abstract:

financial intermediation, credit supply

105.

The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009

Annual Review of Economics, Vol. 2, pp. 603-618, 2010
Posted: 18 Oct 2010
Tobias Adrian and Hyun Song Shin
International Monetary Fund and Bank for International Settlements

Abstract:

106.

Beauty Contests and Iterated Expectations in Asset Markets

The Review of Financial Studies, Vol. 19, Issue 3, pp. 719-752, 2006
Posted: 29 Feb 2008
Franklin Allen and Hyun Song Shin
Imperial College London and Bank for International Settlements

Abstract:

107.

A Theory of the Onset of Currency Attacks

CEPR Discussion Paper Series No. 2025
Posted: 07 Apr 1999
Hyun Song Shin and Stephen Morris
Bank for International Settlements and Princeton University - Department of Economics

Abstract:

108.

Adversarial and Inquisitorial Procedures in Arbitration

REF: 3233
Posted: 09 Mar 1998
Hyun Song Shin
Bank for International Settlements

Abstract:

109.

A Violation of Dominance and the Consumption Value of Gambling

University of Southampton Discussion Paper Number 95-106
Posted: 15 Nov 1995
Johnnie E.V. Johnson and Hyun Song Shin
University of Southampton and Bank for International Settlements

Abstract:

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