Hyun Song Shin

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Hughes-Rogers Professor of Economics, Princeton University



Recent Additions




Which Financial Frictions?  Parsing the Evidence from the Financial Crisis of 2007-9 (with Tobias Adrian and Paolo Colla) paper for the 2012 AEA conference in Chicago (presentation slides)


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 (presentation slides) (video)



Global Liquidity and the Future of Banking, presentation at the Financial Leaders' Forum, New York, September 21, 2011



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)



Macroprudential Policies Beyond Basel III (ICFR presentation, New York, September 7th 2011) (background)



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)



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


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), forthcoming in American Economic Journal:  Macroeconomics


Presentation at Brazil/IMF Conference on Managing Capital Flows to Emerging Economies, Rio De Janeiro, May 26-27, 2011



Presentation on global liquidity at the IMF conference on “Macro and Growth Policies in the Wake of the Crisis” March 7-8, 2011 (video)



Fire Sale FDI (with Viral Acharya and Tanju Yorulmazer) (July 2011 version)



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


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