Hyun Song Shin

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Hughes-Rogers Professor of Economics, Princeton University



Recent Additions




Is the Euro Crisis Over?  presentation at Princeton BCF spring alumni event, New York, April 18, 2012



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)


Capital Flows, Cross-Border Banking and Global Liquidity (with Valentina Bruno) (presentation slides)


Working Capital, Inventories and Optimal Offshoring (with Se-Jik Kim)


Which Financial Frictions?  Parsing the Evidence from the Financial Crisis of 2007-9 (with Tobias Adrian and Paolo Colla) paper for the 2012 NBER Macro Annual conference (presentation slides) (on-line appendix)


Global Savings Glut or Global Banking Glut?  VoxEU blog post, December 20, 2011


Sustaining Production Chains Through Financial Linkages (with Se-Jik Kim) paper for the 2012 AEA conference in Chicago (longer working paper version) (presentation slides)


Global Banking Glut and Loan Risk Premium, Mundell-Fleming Lecture, presented at the IMF Annual Research Conference, November 10-11, 2011 (conference slides) (video) (updated slides)


Rethinking Central Banking, September 2011 report of the Committee on International Economic and Policy Reform
(
Barry Eichengreen, Mohamed El-Erian, Arminio Fraga, Takatoshi Ito, Jean Pisani-Ferry, Eswar Prasad, Raghuram Rajan, Maria Ramos, Carmen Reinhart, Helene Rey, Dani Rodrik, Kenneth Rogoff, Hyun Song Shin, Andres Velasco, Beatrice Weder di Mauro, Yongding Yu)



Balance Sheet Capacity and Endogenous Risk (with Jon Danielsson and Jean-Pierre Zigrand) (presentation slides)


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



Non-Core Bank Liabilities and Financial Vulnerability (with Joon-Ho Hahm and Kwanho Shin)



Contagious Adverse Selection (with Stephen Morris)  (presentation slides at the Keynes Conference, June 2011)



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


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