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Sovereign Development Funds : Key Financial Actors of the Shifting Wealth of Nations

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  • Javier Santiso

Abstract

[eng] The emergence of sovereign wealth funds (SWFs) has signaled a major reshaping of the world's economy : financial actors from developing countries playing on an equal footing with the financial giants of OECD countries. Beyond this spectacular emergence also lies promising news for the wealth of (developing) nations. SWFs may grow to become major actors of development finance : sovereign development funds. The international investment of SWFs is already increasing. If . domestically, some SWFs tend to behave as development finance institutions, working to boost economic diversification or build strong national champions, in their international investment strategies their behavior resembles traditional investment funds, seeking performance and solid returns. . JEL Classification : F30, O16

Suggested Citation

  • Javier Santiso, 2009. "Sovereign Development Funds : Key Financial Actors of the Shifting Wealth of Nations," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 291-315.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5515
    DOI: 10.3406/ecofi.2009.5515
    Note: DOI:10.3406/ecofi.2009.5515
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    References listed on IDEAS

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    Cited by:

    1. Alexander Dyck & Adair Morse, 2011. "Sovereign Wealth Fund Portfolios," Working Papers 2011-003, Becker Friedman Institute for Research In Economics.

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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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