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Qui a peur des fonds souverains ?

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  • Christopher Balding

Abstract

[fre] L'indépendance des fonds souverains répond à des objectifs bien précis des économies dépendantes des matières premières et représentent des défis pour les pays qui sont les cibles de leurs investissements. Les sorties rhétoriques de leurs adversaires obscurcit la question de l'égalité de traitement, qui est la clé de voûte du système économique international. Les responsables politiques doivent s'efforcer de répondre aux fonds souverains dans le cadre du principe d'égalité de traitement et les universitaires doivent effectuer des comparaisons pertinentes de leurs comportements d'investissement plutôt que des déclarations invérifiables sur leurs motivations de profit. . Classification JEL : F30, G29 [eng] Who's Afraid of Sovereign Wealth Funds ? . Sovereign wealth funds (SWFs) independence target specific issues faced by commodity dependent economies and represent challenges to investment target countries. The rhetorical impulses of critics obscures the issue of equal treatment, the cornerstone of the international economic system. Policy makers must work to deal with SWFs within the principle of equal treatment and scholar must make appropriate comparisons of investment behavior rather than theoretical unreliable assertions about profit motives. . JEL Classification : F30, G29

Suggested Citation

  • Christopher Balding, 2009. "Qui a peur des fonds souverains ?," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 215-227.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_hos_9_1_5433
    DOI: 10.3406/ecofi.2009.5433
    Note: DOI:10.3406/ecofi.2009.5433
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    References listed on IDEAS

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    1. Bong‐Chan Kho & René M. Stulz & Francis E. Warnock, 2009. "Financial Globalization, Governance, and the Evolution of the Home Bias," Journal of Accounting Research, Wiley Blackwell, vol. 47(2), pages 597-635, May.
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    4. Glassman, Debra A. & Riddick, Leigh A., 2001. "What causes home asset bias and how should it be measured?," Journal of Empirical Finance, Elsevier, vol. 8(1), pages 35-54, March.
    5. Jason Kotter & Ugur Lel, 2008. "Friends or foes? The stock price impact of sovereign wealth fund investments and the price of keeping secrets," International Finance Discussion Papers 940, Board of Governors of the Federal Reserve System (U.S.).
    6. Karsten Jeske, 2001. "Equity home bias: Can information cost explain the puzzle?," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q3), pages 31-42.
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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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