Hyun Song Shin

Valentina Bruno · Hyun Song Shin

Bank leverage is the linchpin of a risk-taking channel through which monetary policy travels across borders: in a pre-crisis quarterly VAR a tighter US policy rate raises the VIX, lowers broker-dealer …

Stefan Avdjiev · Cathérine Koch · Hyun Song Shin

Across four econometric approaches and up to 114 borrowing countries, a stronger international funding currency goes with less cross-border bank lending denominated in that currency: a one percentage …

Stephen Morris · Hyun Song Shin

Morris and Shin argue that financial regulation built around ensuring the solvency of each institution individually -- the traditional, risk-based-capital logic of the Basel accords -- cannot by …

Stefan Avdjiev · Wenxin Du · Cathérine Koch · Hyun Song Shin

The strength of the US dollar, the size of covered interest parity deviations and the growth of dollar-denominated cross-border bank lending move together in what the authors call a triangular …

Stephen Morris · Hyun Song Shin

This 1998 American Economic Review paper by Stephen Morris and Hyun Song Shin resolves the multiple-equilibrium indeterminacy of standard self-fulfilling currency-attack models by replacing common …