Hyun Song Shin (@HyunSongShin) / X

Hyun Song Shin

2,817 posts

Hyun Song Shin

@HyunSongShin

Governor, Bank of Korea @bok_hub

Seoul, Rep. of Korea

Joined February 2014

Hyun Song Shin
@HyunSongShin
Mar 24, 2022
A quiet revolution in the monetary system started in November 2020, when Brazil launched its Pix instant payment system In little over a year, it signed up two-thirds of Brazil's adult population The latest #BIS_Bulletin tells the amazing story A thread bis.org/publ/bisbull52…
Hyun Song Shin
@HyunSongShin
Aug 9, 2024
We have received many queries on what the BIS banking statistics say about the scale of the yen carry trade Here is a short thread on the topic
398K
Hyun Song Shin
@HyunSongShin
Feb 18, 2023
Inspired by the debate between @nfergus and @adam_tooze on the current state of globalisation, I devoted my lecture at Columbia this week to take the pulse on global value chains: "Global value chains under the shadow of Covid" bis.org/speeches/sp230…
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Hyun Song Shin
@HyunSongShin
Nov 11, 2021
The inflation surge has brought #bottlenecks under the spotlight Today's #BIS_Bulletin takes a closer look at what's going on and what we might encounter going forward A short thread follows bis.org/publ/bisbull48…
Hyun Song Shin
@HyunSongShin
May 2, 2014
My new coordinates at the BIS
Hyun Song Shin - Former Economic Adviser and Head of the Monetary and Economic Department
From bis.org
Hyun Song Shin
@HyunSongShin
Oct 3, 2023
Global value chains (GVCs) are in the midst of a far-reaching realignment Today's #BIS_Bulletin takes the pulse of the latest developments (since December 2021) A thread follows
Bank for International Settlements
@BIS_org
Oct 3, 2023
Mapping out the firm-level network of global value chains lets us look at both direct and indirect supplier-to-customer linkages, providing a more complete & timely picture of the overall dependencies in #GVCs #BISBulletin bis.org/publ/bisbull78…
Mapping the realignment of global value chains
From bis.org
161K
Hyun Song Shin
@HyunSongShin
May 22, 2025
I gave a lecture at the London School of Economics on the structural changes in the global financial system and how they shed light on recent events Some highlights:
148K
Hyun Song Shin
@HyunSongShin
Dec 17, 2022
"There is a bitter irony in the turmoil currently gripping the crypto universe..." My op-ed in the FT on the great unravelling of crypto
The great crypto crisis is upon us
From ft.com
177K
Hyun Song Shin
@HyunSongShin
Mar 24, 2022
Replying to @HyunSongShin
The trajectory of adoption by users has been phenomenal since the launch of Pix in November 2020
Hyun Song Shin
@HyunSongShin
May 18, 2022
Will commodity prices tip the global economy into a 1970s-style stagflation? Today's #BIS_Bulletin weighs the arguments and does some number crunching in search of an answer A thread: bis.org/publ/bisbull54…
Hyun Song Shin
@HyunSongShin
Jun 7, 2021
The BIS is expanding coverage of its government bonds statistics A thread follows
Hyun Song Shin
@HyunSongShin
Mar 24, 2022
Replying to @HyunSongShin
Pix is free for individuals and virtually free for merchants (in yellow in the chart below) The contrast with credit card fees is very stark
Hyun Song Shin
@HyunSongShin
Mar 24, 2022
Replying to @HyunSongShin
The trajectory is even clearer in this chart which shows the relative adoption by comparison to other retail fast payment systems
Hyun Song Shin
@HyunSongShin
Mar 24, 2022
Replying to @HyunSongShin
The Central Bank of Brazil provides the payment infrastructure but also sets the rule book for service providers; digital ID and technical standards for data exchange (through APIs) ensure interoperability