Sovereign Wealth Funds: Threat Or Salvation?
Sovereign wealth funds (SWFs)--special-purpose investment funds or arrangements owned by the general governmen--are not a new phenomenon in international finance. But recently, they have become a reoccurring headline, due in part to their influence on corporate governance practices. These funds also have a large impact on international markets. This timely book first traces the origins of SWFs and the buildup of international reserves. It then describes the potential political and economic power issues raised by these large holdings of cross-border assets for three entities: the countries that own them, host countries, and the international financial system. Truman presents an updated "scoreboard" of these funds, and assesss them based on structure, governance, transparency and accountability, and behavioral rules. Finally, he discusses the role of SWFs in the context of the global economic and financial crisis and its aftermath.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Ch 3 Issues and Concerns
Ch 4 Possible Policy Responses to Sovereign Wealth Funds
The Sovereign Wealth Fund Scoreboard
Ch 6 The Santiago Principles
Other editions - View all
Abu Dhabi accessed on July accountability and transparency ADIA best practices billion capital central bank CFIUS chapter China compliance countries with SWFs country’s currency Development domestic Dubai economic and financial entities Exchange Rate financial crisis financial market financial protectionism foreign assets foreign direct investment foreign exchange reserves foreign investment Fred Bergsten fund’s GAPP Gary Clyde Hufbauer Group guidelines hedge funds host countries IFSWF International Economics International Monetary Fund international reserves Investment Corporation investment strategy investors ISBN issues Jeffrey John Williamson July 12 Korea Kuwait Investment Authority Marcus Noland ment Morris Goldstein national security nonpension SWFs OECD pension funds Pension Reserve Fund pension SWFs percent Peterson Institute political portfolio Posen potential private equity protectionism regime Santiago Principles Schott score sector SOVEREIGN WEALTH FUNDS Stabilization Fund standards SWF investments SWF scoreboard SWF’s THREAT OR SALVATION Trade trillion Truman United Arab Emirates vestment World