Sovereign wealth funds: the good, the bad or the ugly?
Author(s)
Xu, Yi-chong
Griffith University Author(s)
Year published
2012
Metadata
Show full item recordAbstract
Concerns about sovereign credits in 2007-08 were quickly replaced by concerns over sovereign debts in 2010-11. Sovereign creditor countries might have triggered political outcries in developed countries just before the global financial crisis broke out in 2008; sovereign debt problems in many developed countries placed the global economy in a vulnerable position. This paper examines what these developments tell us about the nature of sovereign wealth funds (SWFs), their performance and their impact on the changing global financial situation and, more importantly, international political economy.Concerns about sovereign credits in 2007-08 were quickly replaced by concerns over sovereign debts in 2010-11. Sovereign creditor countries might have triggered political outcries in developed countries just before the global financial crisis broke out in 2008; sovereign debt problems in many developed countries placed the global economy in a vulnerable position. This paper examines what these developments tell us about the nature of sovereign wealth funds (SWFs), their performance and their impact on the changing global financial situation and, more importantly, international political economy.
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Journal Title
Journal of the Asia Pacific Economy
Volume
17
Issue
2
Subject
Applied economics
Banking, finance and investment
Policy and administration
International relations
Development studies