W. Raphael Lam

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

18

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CITATIONS
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18

Scholarly Papers (18)

1.

Bank of Japan’s Monetary Easing Measures: Are They Powerful and Comprehensive?

IMF Working Paper No. 11/264
Number of pages: 19 Posted: 20 Dec 2011
W. Raphael Lam
International Monetary Fund (IMF)
Downloads 280 (107,916)
Citation 1

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Capital markets, Central banks, Financial assets, Monetary policy, Private sector

2.

Understanding Residential Real Estate in China

IMF Working Paper No. 15/84
Number of pages: 26 Posted: 26 May 2015
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), London School of Economics & Political Science (LSE) - Department of Economics and International Monetary Fund (IMF)
Downloads 188 (159,858)

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Real estate prices, China, Supply and demand, Economic growth, Property, Investment, cities, market, housing, construction, inventory, sales, buildings, land, markets

3.

The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis

IMF Working Paper No. 13/228
Number of pages: 22 Posted: 10 Dec 2013
International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 141 (204,400)

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Currencies, Japan, Exchange rate appreciation, Capital flows, Monetary policy, Risk management, Safe Haven, Yen Volatility, Derivatives, foreign exchange, real exchange rate, exchange rates, exchange rate movements, currency swaps, exchange rate volatility, exchange markets, spot exchange rate, effective exchange rate, foreign exchange swaps, currency appreciation, foreign exchange market, currency risk, foreign exchange markets, capital inflows, real effective exchange rate, exchange rate appreciations, real exchange rate appreciation, alternative exchange rate, hedging, real exchange rate appreciations, foreign exchange transactions, risk aversion

4.

Outlook for Interest Rates and Japanese Banks’ Risk Exposures Under Abenomics

IMF Working Paper No. 13/213
Number of pages: 27 Posted: 30 Oct 2013
Serkan Arslanalp and W. Raphael Lam
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 139 (206,773)

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Interest rates, Japan, Banks, Risk premium, Fiscal reforms, Monetary policy, Abenomics, interest rate risks, sovereign yields, unconventional monetary policy, Japanese government bonds (JGB)., debt, public debt, government debt, financial assets, financial institutions, government securities, net public debt, financial stability, balance sheet, central banks, financial markets, financial system, local government, government financing, balance sheets, gross public debt, gross debt, fiscal balance, financial sector, government funding, domestic market, fiscal deficits, debt projections, government finance, debt crisis, baseline scenario, debt financing, public finance, domestic debt, financial

5.

Future of Asia's Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?

IMF Working Paper No. 14/126
Number of pages: 27 Posted: 07 Aug 2014
Ding Ding, W. Raphael Lam and Shanaka Peiris
International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF) - African Department
Downloads 125 (224,801)

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Financial sector, Asia, Public investment, Infrastructure, Government expenditures, Economic integration, Capital flows, Demographic transition, bond, financial markets, financial sector development, bonds, bond markets, corporate bond, bond market, financial instruments, financial innovation, corporate bond markets, financial resources, demographics, sovereign bond, financial stability, financial market, financial systems, working age population, international finance, infrastructure bonds, demographic change, crowding out, life expectancies, derivative market, financial intermediation, international capital, sovereign bonds, demographic trends, equity finance, term bonds, infrastructure bo

6.

Resolving China's Corporate Debt Problem

IMF Working Paper No. 16/203
Number of pages: 44 Posted: 09 Dec 2016
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF) - Fiscal Affairs Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 104 (256,717)

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Corporate debt, China, Credit expansion, Credit booms, Debt strategy, Corporate Debt Overhang; Credit; Restructuring; Hardening Budget Constraints

7.

China: How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth?

IMF Working Paper No. 15/66
Number of pages: 31 Posted: 14 Apr 2015
W. Raphael Lam and Philippe Wingender
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Fiscal Affairs Department
Downloads 97 (268,968)

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Tax revenues, China, Tax reforms, Fiscal reforms, Inclusive growth, Tax systems, fiscal Policy, government debt, social security, taxes, local government, local governments, income tax, government finances, budget

8.

Assessing the Risks to the Japanese Government Bond (JGB) Market

IMF Working Paper No. 11/292
Number of pages: 19 Posted: 20 Dec 2011
W. Raphael Lam and Kiichi Tokuoka
International Monetary Fund (IMF) and Ministry of Finance - Japan
Downloads 76 (312,807)
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9.

China's Labor Market in the 'New Normal'

IMF Working Paper No. 15/151
Number of pages: 35 Posted: 31 Aug 2015
W. Raphael Lam, Xiaoguang Liu and Alfred Schipke
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 68 (332,785)

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China, Labor Markets, Unemployment, Migration, Mobility

10.

What Role Can Financial Policies Play in Revitalizing SMEs in Japan?

IMF Working Paper No. 12/291
Number of pages: 25 Posted: 11 Jan 2013
W. Raphael Lam and Jongsoon Shin
International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 50 (386,259)
Citation 1

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Corporate sector, Japan, Financial sector, Credit policy, Small and medium-sized enterprises (SMEs), credit guarantees

11.

Resolving China's Zombies: Tackling Debt and Raising Productivity

IMF Working Paper No. 17/266
Number of pages: 27 Posted: 18 Jan 2018
W. Raphael Lam, Alfred Schipke and Tan Zhibo
International Monetary Fund (IMF), International Monetary Fund (IMF) and Fudan University - School of Economics
Downloads 44 (407,168)

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Corporate debt, Debt restructuring, Asia and Pacific, China, state-owned enterprises, and zombie firms, zombie firms, General, Firm Behavior: Empirical Analysis

12.

Assessing China's Residential Real Estate Market

IMF Working Paper No. 17/248
Number of pages: 27 Posted: 01 Dec 2017
Ding Ding, Xiaoyu Huang, Tao Jin and W. Raphael Lam
International Monetary Fund, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and International Monetary Fund (IMF)
Downloads 42 (414,577)

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Asia and Pacific, Macroprudential Policy, Central banks and their policies, China real estate market, housing bubbles, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets, Bayesian Analysis, Time-Series Models

13.

China's Local Government Bond Market

IMF Working Paper No. 18/219
Number of pages: 21 Posted: 16 Oct 2018
W. Raphael Lam and Jingsen Wang
International Monetary Fund (IMF) and Government of the People's Republic of China - Ministry of Finance - China
Downloads 36 (438,416)

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Asia and Pacific, China; Local Government; Subnational fiscal balance; bond market, China, Local Government, Subnational fiscal balance, bond market, Other, General, State and Local Borrowing, Government Policy and Regulation

14.

The Great Divide: Regional Inequality and Fiscal Policy

IMF Working Paper No. 19/88
Number of pages: 42 Posted: 10 Jul 2019
William Gbohoui, W. Raphael Lam and Victor Lledo
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 24 (496,266)

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Cost of living, National income, Social security, Development, Social indicators, Regional inequality, fiscal redistribution, mobility, intergovernmental relations, regional disparity, means-testing, lead region, OECD country

15.

Cross-Border Activity of Japanese Banks

IMF Working Paper No. 13/235
Number of pages: 19 Posted: 24 Dec 2013
W. Raphael Lam
International Monetary Fund (IMF)
Downloads 22 (507,582)

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Banks, Japan, Financial institutions, Nonbank financial sector, Bank supervision, Banking systems, cross-border banking, Abenomics, funding risks, bank of japan, capital adequacy, financial services, bonds, financial stability, financial system, banking crises, nonperforming loan, return on assets, bank assets, asset bubbles, government bond, convertible bonds, banking sector, tier 1 capital, banks ’ balance sheets, equity markets, net interest margin, banking statistics, international capital, domestic interest rates, denominated bonds, financial intermediation, government bonds

16.

The Residential Real Estate Market in China: Assessment and Policy Implications

Annals of Economics and Finance, Vol. 18, No. 2 (November, 2017), 411-442.
Number of pages: 32 Posted: 19 Jan 2019
Ding Ding, Xiaoyu Huang, Tao Jin and W. Raphael Lam
International Monetary Fund, Tsinghua University - PBC School of Finance, Tsinghua University - PBC School of Finance and International Monetary Fund (IMF)
Downloads 19 (525,076)

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China Real Estate Market, Housing Bubbles, Macro-Prudential Policy

17.

Japanese Financial Institutions Expanding Abroad: Opportunities and Risks

Journal of Financial Perspectives, Vol. 1, No. 3, 2013
Number of pages: 18 Posted: 29 Nov 2017
W. Raphael Lam
International Monetary Fund (IMF)
Downloads 14 (554,411)

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18.

A Generalized Okun's Law: Uncovering the Myth of China's Labor Market Resilience

Review of Development Economics, Vol. 22, Issue 3, pp. 1195-1216, 2018
Number of pages: 22 Posted: 29 Aug 2018
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and Central University of Finance and Economics (CUFE)
Downloads 1 (648,804)
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