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Who's Afraid of Sovereign Wealth Funds ?

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  • Christopher Balding

Abstract

[eng] 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. "Who's Afraid of Sovereign Wealth Funds ?," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 201-210.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5507
    DOI: 10.3406/ecofi.2009.5507
    Note: DOI:10.3406/ecofi.2009.5507
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    References listed on IDEAS

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    1. Andrew K. Rose & Mark M. Spiegel, 2004. "A Gravity Model of Sovereign Lending: Trade, Default, and Credit," IMF Staff Papers, Palgrave Macmillan, vol. 51(s1), pages 50-63, June.
    2. Laeven, Luc & Chhaochharia, Vidhi, 2008. "Sovereign Wealth Funds: Their Investment Strategies and Performance," CEPR Discussion Papers 6959, C.E.P.R. Discussion Papers.
    3. 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.
    4. 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.).
    5. 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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    Cited by:

    1. Caroline E Nowacki & Ashby Monk & Bertrand Decoster, 2021. "Who do sovereign wealth funds say they are? Using structural topic modeling to delineate variegated capitalism in their official reports," Environment and Planning A, , vol. 53(4), pages 828-857, June.

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    More about this item

    JEL classification:

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

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