Hyun Song Shin

Neoclassical economics
Nationality	South Korean
Institution	Princeton University
Field	Economic theory, Finance
Alma mater	Oxford University
Contributions	global games

Hyun Song Shin (born in 1959) is a South Korean economic theorist and financial economist who did research in the field of global games. In 2006 he became the Hughes-Rogers Professor of Economics at Princeton University.

Contents 1 Biography 2 Research contribution 3 Sources 4 External links

[edit] Biography

Shin obtained a B.A. in Philosophy, Politics and Economics at Oxford University (Magdalen College) in 1985, a MPhil in Economics by Oxford University (Nuffield College) in 1987, and a DPhil in Economics at Oxford University (Nuffield College) in 1988. At Magdalen College, Oxford, Shin became a Research Fellow in 1988 and Tutorial Fellow in 1990. In 1994 he moved to the University of Southampton, where he became a Professor of Economics. He moved back to Oxford in 1996 as a University Lecturer in Economics and Faculty Fellow in Economics at Nuffield College. In 2000 he became a Professor of Finance at the London School of Economics. In 2006 he moved to Princeton University.

In addition to his academic position, Shin served as an advisor to Bank of England (2000 - 2005) and is a member of the Financial Advisory Roundtable at the Federal Reserve Bank of New York and a panel member of the US Monetary Policy Forum since 2007. He is a Research Fellow of the Centre for Economic Policy Research since 1998. Shin was the Chairman of Editorial Board of the Review of Economic Studies from 1999 to 2003.

Shin was elected a Fellow of the Econometric Society and of the European Economic Association in 2004, and a Fellow of the British Academy in 2005. He was awarded the Cho Rakkyo Economics Prize in 2009.

[edit] Research contribution

Global coordination games belong to a subfield of game theory which gained momentum with the article by Morris and Shin (1998). Stephen Morris and Hyun Song Shin considered a stylized currency crises model, in which traders observe the relevant fundamentals with small noise, and show that this leads to the selection of a unique equilibrium. This result is in stark contrast with models of complete information, which feature multiple equilibria.

[edit] Sources

• Stephen Morris and Hyun Song Shin (1998), "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks," American Economic Review, 88 (3): 587–97.

[edit] External links

• Webpage at Princeton
• Curriculum Vitae

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