Lazaros E. Molho, Advisor, Asia and Pacific Department (APD), is currently mission head for Sri Lanka. He was Chief of Division 7 (covering Cambodia, Lao P.D.R., and Vietnam) and mission head for Vietnam during February 2005-September 2007, and previously led missions to several program and near-program countries, including Bangladesh and Mongolia. Prior to joining APD, he served in the European Department, focusing on surveillance in Southern Europe (Cyprus, Greece, Italy, and Portugal), and in the former Central Banking Department, taking part in technical assistance missions to a range of Asian and Latin American countries. Research interests include monetary theory and policy, economics of transition, and European economic and financial integration.
Fluent In: French, Greek, Italian, Spanish.
1980, Ph.D., Economics, Yale University
1976, M.A., Economics, Yale University
1975, B.A., Economics and Mathematics, Yale University
October 1983-September 1985, Economist Program, Central Banking and Western Hemisphere Departments
October 1985-April 1990, Economist, Central Banking and European Departments
May 1990-April 1993, Senior Economist, European and Southeast Asia and Pacific Departments
May 1993-August 1999, Deputy Division Chief, Southeast Asia and Pacific/Asia and Pacific Department
September 1999-February 2005, Advisor, Asia and Pacific Department (APD)
February 2005-September 2007, Division Chief, APD
1977-78, Teaching Fellow, Yale University
1979-83, Instructor/Assistant Professor, Fordham University
“The Italian Lira in the Narrow Exchange Rate Mechanism Band: The Challenge of Credibility,” Giornale degli Economisti e Annali di Economia, 49, 501-25 (November-December 1990).
“European Financial Integration and Revenue from Seigniorage: The Case of Italy,” Giornale degli Economisti e Annali di Economia, 48, 541-68 (November-December 1989).
“Financial Reform in Indonesia,” (with V. Sundararajan), Finance and Development, 25, 43-45 (December 1988).
“Selective Credit Controls in Greece: A Test of Their Effectiveness,” IMF Staff Papers, 33, 3, 477-508 (September 1986).
“Interest Rates, Saving, and Investment in Developing Countries: A Re-examination of the McKinnon-Shaw Hypotheses,” IMF Staff Papers, 33, 90-116 (March 1986).
“Loan Rates as a Selective Credit Control,” Journal of Banking and Finance, 8, 79-98 (March 1984).
“Determinants of Commercial Bank Loan Supply in Greece: An Empirical Investigation,” Greek Economic Review, 5, 65-88 (April 1983).
"On Testing the Efficacy of Selective Credit Controls: A Comment," Journal of Money Credit and Banking, 15, 120-22 (February 1983).
“Financial Reform and Monetary Control in Indonesia,” (with V. Sundararajan) in Hang-Sheng Cheng, ed., Monetary Policy in Pacific Basin Countries: Papers Presented in a Conference Sponsored by the Federal Reserve Bank of San Francisco, 321-51, Norwell, Mass. : Kluwer Academic Publishers, 1988.