Odd Lots

Hyun Song Shin Explains Why This Dollar Shock Is So Unique

Oct 31, 2022

Hyun Song Shin, Economic Adviser and Head of Research for the Bank for International Settlements, sheds light on the unique dynamics of the current dollar rally. He explains how this cycle differs from past trends, examining its significant impact on global markets. Shin discusses the implications for trade and investment, exploring how the dollar's strength affects commodity prices and inflation. Policymakers are challenged to navigate these complexities, especially in emerging markets, while the dollar's position as the dominant currency remains a focal point.

42:39

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Hyun Song Shin

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Episode notes

Intro

2min

The Dollar Dynamic: Trends and Impacts

9min

Navigating Unprecedented Economic Challenges

5min

The Dollar's Impact on Commodity Prices

10min

The Resilient Ecosystem of Dollar Dominance

5min

Navigating Dollar Strength: Impacts and Implications

13min

Analyzing Global Market Dynamics Amid Dollar Rally

3min

It's no secret that a strong US dollar causes the rest of the world pain, but the impact of this year's rally is shaping up to be a bit different than previous episodes of dollar strength. Hyun Song Shin is the Economic Adviser and Head of Research for the Bank for International Settlements, which has just published a bulletin outlining why this particular dollar cycle is so unique. Shin has also done a ton of previous academic research on this exact topic — examining what happens to global trade and business investment when the dollar hits its highs. In this conversation, we talk to him about the impact of the dollar rally, what could stop it and what policymakers around the world can do to cope.

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