Hyun Song Shin

          
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Working Capital, Trade and Macro Fluctuations (with Se-Jik Kim) (May 2013 version) (presentation slides)


Assessing Macroprudential Policies:  Case of Korea (with Valentina Bruno) (April 2013 version) (link to press articles mentioned in the paper)



Capital Flows, Cross-Border Banking and Global Liquidity (with Valentina Bruno) (May 2013 version)


Exploring the Dynamics of Global Liquidity (with Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh and Sergejs Saksonovs) IMF working paper 12/246


Capital Flows and the Risk-Taking Channel of Monetary Policy (with Valentina Bruno) (on-line appendix) (link to BIS conference webpage with discussants' comments)


Non-Core Bank Liabilities and Financial Vulnerability (with Joon-Ho Hahm and Kwanho Shin) (on-line appendix) NBER working paper 18428, forthcoming in Journal of Money, Credit and Banking


Which Financial Frictions?  Parsing the Evidence from the Financial Crisis of 2007-9 (with Tobias Adrian and Paolo Colla) (presentation slides) (on-line appendix) forthcoming in the NBER Macroeconomics Annual


A Theory of Arbitrage Capital (with Viral Acharya and Tanju Yorulmazer) forthcoming in Review of Corporate Finance Studies


Monetary Aggregates and the Central Bank's Financial Stability Mandate (with Hyun Jeong Kim and Jaeho Yun) (presentation slides) paper for the Federal Reserve conference in honor of Don Kohn  (press comment) forthcoming in the International Journal of Central Banking



Procyclical Leverage and Endogenous Risk (with Jon Danielsson and Jean-Pierre Zigrand)


Financing Growth without Banks:  Korean Housing Repo Contract (with Se-Jik Kim)


Risk Appetite and Exchange Rates (with Tobias Adrian and Erkko Etula) (June 2011 version)


Procyclical Leverage and Value-at-Risk (with Tobias Adrian) (presentation slides)


Carry Trades, Monetary Policy and Speculative Dynamics (with Guillaume Plantin)


Procyclicality and Monetary Aggregates (with Kwanho Shin) NBER working paper w16836


Financial Intermediation, Asset Prices, and Macroeconomic Dynamics (with Tobias Adrian and Emanuel Moench) August 2010 version (link to paper)

A Financial System Perspective on Japan’s Experience in the Late 1980s (with Masazumi Hattori and Wataru Takahashi) (BOJ 2009 conference version) (August 2010 version) (presentation slides)

Monetary Cycles, Financial Cycles, and the Business Cycle (with Tobias Adrian and Arturo Estrella) (link to paper)

Illiquidity Component of Credit Risk (with Stephen Morris) (link to paper) (presentation slides) (October 2009 version)

Common Belief Foundations of Global Games (with Stephen Morris) (paper)

Do Derivatives Disclosures Impede Sound Risk Management? (with Haresh Sapra) (link to paper)

Measuring Strategic Uncertainty (with Stephen Morris) (pdf file of paper)