WorldCat Identities

Bayoumi, Tamim A.

Works: 201 works in 1,273 publications in 1 language and 15,463 library holdings
Genres: History  Conference papers and proceedings 
Roles: Author, Editor, Other, Honoree
Publication Timeline
Most widely held works by Tamim A Bayoumi
One money or many? : analyzing the prospects for monetary unification in various parts of the world by Tamim A Bayoumi( Book )

19 editions published between 1993 and 1994 in English and held by 445 WorldCat member libraries worldwide

The literature on optimal currency areas identifies the size and symmetry of disturbances and the speed with which economies adjust as key criteria affecting the decision of whether to form a monetary union. This paper uses structural vector autoregression techniques to examine these issues for three regions: Western Europe, the Americas, and East Asia. The results suggest three country groupings that best satisfy these criteria: Northern Europe (Germany, France, the Netherlands, Belgium, Denmark, Austria, and possibly Switzerland); Northeast Asia (Japan, Taiwan, and Korea); and Southeast Asia (Hong Kong, Singapore, Malaysia, Indonesia, and possibly Thailand)
GEM : a new international macroeconomic model by Tamim A Bayoumi( Book )

13 editions published in 2004 in English and Undetermined and held by 313 WorldCat member libraries worldwide

This publication sets out the Global Economic Model (GEM), a new multicountry macroeconomic model developed by IMF research department staff, based on an explicit microeconomic framework. The paper explains how GEM differs from its predecessor model Multimod, outlines how its new features can improve IMF policy analysis, and discusses three simulation exercises completed
Financial integration and real activity by Tamim A Bayoumi( Book )

11 editions published in 1997 in English and held by 284 WorldCat member libraries worldwide

Northern star : Canada's path to economic prosperity by Vladimir Klyuev( Book )

16 editions published in 2007 in English and held by 235 WorldCat member libraries worldwide

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be fru
Unfinished business : the unexplored causes of the financial crisis and the lessons yet to be learned by Tamim A Bayoumi( Book )

8 editions published in 2017 in English and held by 226 WorldCat member libraries worldwide

A penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis-with a prescription for preventing another meltdown There have been numerous books examining the 2008 financial crisis from either a U.S. or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and U.S. housing crash were, in fact, parasitically intertwined. Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and U.S. financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the U.S. market and financed unsustainable bubbles on both continents. U.S. banks increasingly sold sub-par loans to under-regulated European and U.S. shadow banks and, when the bubbles burst, the losses whipsawed back to the core of the European banking system. A much-needed, fresh look at the origins of the crisis, Bayoumi's analysis concludes that policy makers are ignorant of what still needs to be done both to complete the cleanup and to prevent future crises
Post-bubble blues : how Japan responded to asset price collapse by Tamim A Bayoumi( Book )

21 editions published between 1999 and 2000 in English and held by 217 WorldCat member libraries worldwide

In this volume, a team from the International Monetary Fund examines the causes of the lingering economic problems of Japan, the crisis in its banking system, the reasons for weak business investment, and the government's efforts to kick-start the economy throught a series of stimulus packages
Structural change in Japan : macroeconomic impact and policy challenges by Bijan B Aghevli( Book )

11 editions published in 1998 in English and held by 153 WorldCat member libraries worldwide

This volume is based on a seminar on structural change in Japan held in early 1997 and chaired by the IMF's First Deputy Managing Director, Stanley Fischer. The seminar provided a forum for the IMF staff to discuss their views on the Japanese economy with a distinguished list of outside experts. Discussion of the day-to-day management of the standard levers of fiscal and monetary policy is interlinked with consideration for the more deep-seated structural issues
R & D spillovers and global growth by Tamim A Bayoumi( Book )

31 editions published in 1996 in English and held by 127 WorldCat member libraries worldwide

Abstract: We examine the growth promoting roles of R & D, international R & D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R & D. But countries can also boost their productivity by trading with other countries that have large stocks of knowledge from their cumulative R & D activities. We use a special version of MULTIMOD that incorporates R & D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R & D, R & D spillovers, and trade play important roles in boosting growth in industrial and developing countries
Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model by Tamim A Bayoumi( Book )

15 editions published in 2006 in English and held by 27 WorldCat member libraries worldwide

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20 percent a year and fiscal multipliers of 0.15-0.4-depending on the permanence of the change in taxes/transfers, and is much superior to one that assumes some consumers are fully Ricardian and others follow simple rules of thumb. The implied high private sector rate of discount has wide implications for policymakers
Shocking aspects of Canadian labor markets by Tamim A Bayoumi( Book )

16 editions published in 2006 in English and held by 26 WorldCat member libraries worldwide

We analyze the flexibility of the Canadian labor market across provinces in both an interand intra-national context using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that Canadian labor markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro area countries. Within Canada, the results indicate that labor markets in Ontario and provinces further west are more flexible, particularly with regard to migration, while those further east are less so
Energy, the exchange rate, and the economy : macroeconomic benefits of Canada's oil sands production by Tamim A Bayoumi( Book )

11 editions published in 2006 in English and held by 22 WorldCat member libraries worldwide

This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influence on the Canadian dollar, and some upward pressure on the exchange rate would therefore be expected. Model results suggest, however, that the impact on other tradable goods exports is limited
Spillovers across NAFTA by A Swiston( Book )

11 editions published in 2008 in English and held by 18 WorldCat member libraries worldwide

This paper examines linkages across North America by estimating the size of spillovers from the major regions of the world-the United States, euro area, Japan, and the rest of the world-to Canada and Mexico, and decomposing the impact of these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real GDP shifts Canadian real GDP by some 3/4 of a percentage point in the same direction- with financial spillovers more important than trade in recent decades. Thus, a large proportion of the reduction in Canadian output volatility since the 1980s can be accounted for by the "Great Moderation" in U.S. growth. Before 1996, domestic volatility in Mexico swamped the contribution of external factors to the business cycle. After 1996, the response of Mexican GDP is 11/2 times the size of the U.S. shock-"when the U.S. sneezes, Mexico catches a cold". These spillovers are transmitted through both trade and financial channels
Credit matters : empirical evidence on U.S. macro-financial linkages by Tamim A Bayoumi( Book )

14 editions published between 2005 and 2008 in English and held by 12 WorldCat member libraries worldwide

This paper develops a framework for analyzing macro-financial linkages in the United States. We estimate the effects of a negative shock to banks' capital/asset ratio on lending standards, which in turn affect consumer credit, mortgages, and corporate loans, and the corresponding components of private spending (consumption, residential investment and business investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage point reduces real GDP by some 1 1/2 percent through its effects on credit availability, while an exogenous fall in demand of 1 percent of GDP is gradually magnified to around 2 percent through financial feedback effects
Today versus tomorrow : the sensitivity of the non-oil current account balance to permanent and current income by Alun H Thomas( Book )

14 editions published in 2009 in English and held by 10 WorldCat member libraries worldwide

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balance coefficients sum to unity is accepted for all specifications that adjust the return on wealth for future population changes. For oil-exporting countries outside Africa, around half of the fluctuations in the private sector non-oil balance are driven by considerations of changes in permanent income (the return on oil wealth) rather than current income. By contrast, for the public sector and African countries permanent income has little or no effect
On impatience and policy effectiveness by Tamim A Bayoumi( Book )

14 editions published between 2004 and 2009 in English and held by 8 WorldCat member libraries worldwide

An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen private sectors' planning horizon. In an overlapping-generations model, in which individuals discount the future more rapidly than implied by the market rate of interest, we find indeed evidence of a falling degree of impatience, providing empirical support for this hypothesis. The degree of persistenc
Leverage? What leverage? a deep dive into the U by A Bhatia( Book )

8 editions published in 2012 in English and held by 3 WorldCat member libraries worldwide

This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment banks was the fatal link between the collapse of structured finance and the global malfunction of funding markets that turbocharged the downdraft; and, second, that this insight (and others) can be decrypted from the Flow of Funds Accounts of t
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Audience Level
  Kids General Special  
Audience level: 0.48 (from 0.02 for Structural ... to 0.75 for R & D spil ...)

One money or many? : analyzing the prospects for monetary unification in various parts of the world
Alternative Names
Bayoumi, T.

Bayoumi, Tamim.

Bayoumi, Tamin

Bayūmī, Tamīm

Bayūmī, Tamīm A.

Bayyūmī, Tamīm

Bayyūmī, Tamīm A.

Tamim A. Bayoumi economist (International Monetary Fund (IMF))

Tamim A. Bayoumi Wirtschaftswissenschaftler (Tätig bei der Maritime Div., European Dep., Internat. Monetary Fund (IMF))

English (232)

GEM : a new international macroeconomic modelFinancial integration and real activityNorthern star : Canada's path to economic prosperityPost-bubble blues : how Japan responded to asset price collapseStructural change in Japan : macroeconomic impact and policy challenges