Should India join the sovereign-wealth-fund herd?

Kavaljit Singh, 31 October 2011

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New Delhi will soon take a final call on the issue of setting up of a sovereign wealth fund. The idea of setting up an Indian sovereign wealth fund has been going around since 2007 when China established its major sovereign wealth fund, China Investment Corporation (CIC), with an initial capital fund of $200 billion.

Topics: International finance, International trade
Tags: China, India, sovereign wealth funds

Sovereign wealth funds: government as institutional investor

Josh Lerner interviewed by Romesh Vaitilingam, 12 Feb 2010

Josh Lerner of Harvard Business School talks to Vox about sovereign wealth funds, which are the focus of a chapter in his new book, Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed – and What to Do About It. The interview was recorded in London in January 2010.

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Topics: Financial markets, Institutions and economics
Tags: entrepreneurship, sovereign wealth funds, venture capital

Are sovereign wealth fund investments politically biased? Comparing mutual and sovereign funds

Javier Santiso, Rolando Avendaño, 3 February 2010

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Sovereign wealth funds have long provoked controversy (Hillebrand 2008, Truman 2008). The recent debate on sovereign wealth funds culminated with the promulgation of the Santiago Principles on fund transparency, investment orientation, and accountability.

Topics: International finance, Politics and economics
Tags: financial regulation, political bias, sovereign wealth funds

Sovereign wealth funds and financial stability

Tao Sun, Heiko Hesse, 30 March 2009

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Sovereign wealth funds (SWFs) are defined as special-purpose investment funds or arrangements owned by the general government. They are often funded by balance of payments surpluses, official foreign currency operations, proceeds of privatisations, fiscal surpluses, or receipts resulting from commodity exports.

Topics: International finance
Tags: sovereign wealth funds

Sovereign wealth funds, governance, and reserve accumulation

Joshua Aizenman, Reuven Glick, 16 January 2009

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Sovereign wealth funds (SWFs) are saving funds controlled by sovereign governments that hold and manage foreign assets.

Topics: International finance
Tags: foreign exchange reserves, governance, sovereign wealth funds

A European framework for foreign investment

Nicolas Véron, Lars-Hendrik Röller, 6 December 2008

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Europeans have long prided themselves of their ability to remove border signs. For themselves, they have achieved the EU’s own internal market, first for coal and steel and then for all other goods – even though the job remains to be finished on certain services – as well as, increasingly, for labour and capital.

Topics: EU policies, International finance
Tags: illiberal countries, protectionism, sovereign wealth funds

Europe doesn’t need sovereign wealth funds

Kavaljit Singh, 20 November 2008

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In a hard-hitting speech to the European Parliament in Strasbourg on October 21, French President Nicolas Sarkozy proposed that European countries create sovereign wealth funds to protect national companies from foreign

Topics: Financial markets
Tags: EU, sovereign wealth funds

Asian exchange rate asymmetry

Victor Pontines, Ramkishen S. Rajan, 19 November 2008

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Following Calvo and Reinhart (2002), it has become commonplace to argue that there is a “fear of floating” among emerging economies in Asia and elsewhere.

Topics: Exchange rates, Macroeconomic policy
Tags: Asia, fear of floating, reserves, sovereign wealth funds

Harnessing windfall revenues in developing economies

Rick van der Ploeg, Anthony Venables, 2 October 2008

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A temporary windfall of foreign aid or natural resource revenues poses interesting policy challenges. Should the revenues be used for government investment in public infrastructure to stimulate economic activity? Should the government use the windfall income to reduce government debt and thereby lower interest rates and boost private sector investment?

Topics: Development, Macroeconomic policy
Tags: sovereign wealth funds, Windfall revenues

Four myths about sovereign wealth funds

Edwin M. Truman, 14 August 2008

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Sovereign wealth fund, a generic description of governmental investment activities, is a term that was coined just three years ago by Andrew Rozanov (2005). I identify sovereign wealth funds (SWFs) as separate pools of government-owned or government-controlled financial assets that include some international assets, which total at least $4 trillion by my latest count.

Topics: International finance
Tags: sovereign wealth funds

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