Sovereign Investment: Concerns and Policy Reactions
Karl P. Sauvant, Lisa E. Sachs, and Wouter P.F. Schmit Jongbloed
Abstract
This book provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds (SWFs). SWFs currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge funds worldwide, and are predicted to hold nine trillion more by 2015. This relatively new and rapidly expanding phenomenon remains comparatively unregulated, but the International Monetary Fund and the G7 aim to establish temporary and voluntary rules to introduce transparency and uniformity until more permanent regulatory structures are instituted. What permanent rule ... More
This book provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds (SWFs). SWFs currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge funds worldwide, and are predicted to hold nine trillion more by 2015. This relatively new and rapidly expanding phenomenon remains comparatively unregulated, but the International Monetary Fund and the G7 aim to establish temporary and voluntary rules to introduce transparency and uniformity until more permanent regulatory structures are instituted. What permanent rules and procedures should govern SWFs? What bodies should enforce them? Do the current provisional rules answer the national security concerns of host countries? These questions are addressed across the chapters by authors who analyze how SWFs have helped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future.
Keywords:
sovereign wealth funds,
SWFs,
investments,
International Monetary Fund,
G7,
economic crisis,
national security,
transparency,
uniformity
Bibliographic Information
| Print publication date: 2012 |
Print ISBN-13: 9780199937929 |
| Published to Oxford Scholarship Online: April 2015 |
DOI:10.1093/acprof:osobl/9780199937929.001.0001 |
Authors
Affiliations are at time of print publication.
Karl P. Sauvant, author
Resident Senior Fellow and Founding Executive Director, Vale Columbia Center on Sustainable International Investment, White Plains, USA
Lisa E. Sachs, author
Director, Vale Columbia Center on Sustainable International Investment, New York, USA
Wouter P.F. Schmit Jongbloed, author
Associate, Vale Columbia Center on Sustainable International Development, New York, USA
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