WorldCat Identities

Bayoumi, Tamim A.

Works: 259 works in 1,359 publications in 1 language and 18,207 library holdings
Genres: History  Conference papers and proceedings  Commercial treaties 
Roles: Author, Editor, Other, Honoree
Classifications: HG3894, 332.4566
Publication Timeline
Most widely held works by Tamim A Bayoumi
Post-bubble blues : how Japan responded to asset price collapse by Tamim A Bayoumi( )

21 editions published between 1999 and 2000 in English and held by 1,509 WorldCat member libraries worldwide

Japans accounts for over half the output of the Asian region, but for muchof the 1990s its economy was virtually stagnant, and it is only just emerging from its worst recession since the Second World War
Managing complexity : economic policy cooperation after the crisis by Tamim A Bayoumi( )

13 editions published between 1996 and 2016 in English and held by 1,278 WorldCat member libraries worldwide

A critical look at the challenges facing international policy cooperation in the new postcrisis environment. The global financial crisis of 200709 highlighted the economic interdependencies between all major countries, raising the issues of international cooperation. "Managing Complexity: Economic Policy Cooperation after the Crisis" looks at how, following the global financial crisis, countries have changed the way they cooperate with each other on matters of economic policy. In this volume, the result of a joint research project of Chatham House and the International Monetary Fund, researchers and policymakers who were directly involved in the crisis take a critical look at the challenges facing international policy cooperation in the new postcrisis environment and at how the theory and practice of cooperation have evolved as a result of the crisis.--
Structural change in Japan : macroeconomic impact and policy challenges by Tamim A Bayoumi( )

13 editions published in 1998 in English and held by 1,164 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
Leverage? What leverage? : a deep dive into the U.S. flow of funds in search of clues to the global crisis by A Bhatia( )

7 editions published in 2012 in English and held by 848 WorldCat member libraries worldwide

Cover; Contents; Glossary; Executive Summary; I. Introduction: Our Search for the Smoking Gun; Figures; 1. Leverage? What Leverage?; II. The Flow of Funds Accounts: From the Macro to the Financial; A. Nonfinancial Private Sector Net Worth: A Rational Gambit; 2. Was it Debtor Leverage?; B. Household Finances: Let the Good Times Roll; 3. Was it Households as Net Debtors?; C. Nonfinancial Business Finances: The Cash Cow; 4. Was it a Borrowing Spree by Firms?; D. Government Finances: Use that Firepower; 5. Was it Foreigners Buying U.S. Treasuries?
Aftershocks of monetary unification : hysteresis with a financial twist by Tamim A Bayoumi( )

14 editions published in 2017 in English and held by 661 WorldCat member libraries worldwide

Once upon a time, in the 1990s, it was widely agreed that neither Europe nor the United States was an optimum currency area, although moderating this concern was the finding that it was possible to distinguish a regional core and periphery (Bayoumi and Eichengreen, 1993). Revisiting these issues, we find that the United States is remains closer to an optimum currency area than the Euro Area. More intriguingly, the Euro Area shows striking changes in correlations and responses which we interpret as reflecting hysteresis with a financial twist, in which the financial system causes aggregate supply and demand shocks to reinforce each other. An implication is that if the Euro Area wishes to avoid financial booms and busts it will need vigorous, coordinated regulation of its banking and financial systems by a single supervisor--that monetary union without banking union will be prone to economic and financial instability
Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Joseph E Gagnon( )

4 editions published in 2017 in English and held by 578 WorldCat member libraries worldwide

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets. Domestic asset purchases have an effect on current accounts only when capital mobility is low. We also find that rising US bond yields drive foreign yields, stock prices and depreciations, but less so on days of policy announcements. We develop a theoretical model that is broadly consistent with our results
Unfinished business : the unexplored causes of the financial crisis and the lessons yet to be learned by Tamim A Bayoumi( Book )

23 editions published between 2017 and 2018 in English and held by 521 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
Shocking aspects of Canadian labor markets by Tamim A Bayoumi( )

19 editions published between 2006 and 2008 in English and held by 519 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( )

13 editions published in 2006 in English and held by 509 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( )

15 editions published in 2008 in English and held by 507 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
Today versus tomorrow : the sensitivity of the non-oil current account balance to permanent and current income by Alun H Thomas( )

14 editions published in 2009 in English and held by 498 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
Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model by Tamim A Bayoumi( )

17 editions published in 2006 in English and held by 486 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
Credit matters : empirical evidence on U.S. macro-financial linkages by Tamim A Bayoumi( )

13 editions published between 2005 and 2008 in English and held by 471 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
On impatience and policy effectiveness by Tamim A Bayoumi( )

13 editions published between 2004 and 2009 in English and held by 465 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
One money or many? : analyzing the prospects for monetary unification in various parts of the world by Tamim A Bayoumi( Book )

20 editions published between 1993 and 1994 in English and held by 449 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)
Modern perspectives on the gold standard( Book )

19 editions published between 1996 and 2008 in English and held by 439 WorldCat member libraries worldwide

This book explores current exchange rate instability in the light of the operation of the gold standard in the years prior to 1914
GEM : a new international macroeconomic model by Tamim A Bayoumi( Book )

13 editions published in 2004 in English and held by 342 WorldCat member libraries worldwide

"A nontechnical overview of the Global Economic Model (GEM), a new multicountry model based on strong microeconomic underpinnings developed in the Research Department of the IMF." - preface
Financial integration and real activity by Tamim A Bayoumi( Book )

11 editions published in 1997 in English and held by 287 WorldCat member libraries worldwide

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

14 editions published in 2007 in English and held by 263 WorldCat member libraries worldwide

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses: 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 applied in other economies.--Publisher's description
Macroeconomic model spillovers and their discontents by Tamim A Bayoumi( )

5 editions published in 2013 in English and held by 247 WorldCat member libraries worldwide

The Great Recession underlined that policies in some countries can have profound spillovers elsewhere. Sadly, the solution of simulating large macroeconomic models to measure these spillovers has been found wanting. Typical models generate lower international correlations of output and financial asset prices than are seen in even pre-crisis data. Imposing higher financial market correlations creates more reasonable cross-country spillovers, and is likely to become the norm in policy modeling despite weak theoretical underpinnings, as is already true of sticky wages. We propose using event stud
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One money or many? : analyzing the prospects for monetary unification in various parts of the world
Structural change in Japan : macroeconomic impact and policy challengesOne money or many? : analyzing the prospects for monetary unification in various parts of the worldModern perspectives on the gold standardGEM : a new international macroeconomic modelFinancial integration and real activityNorthern star : Canada's path to economic prosperity
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 econoom

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

English (281)