IDEAS home Printed from https://ideas.repec.org/p/fes/wpaper/wpaper123.html
   My bibliography  Save this paper

The potential role of Sovereign Wealth Funds in the context of the EU crisis

Author

Listed:
  • Lefteris Tserkezis

    (National & Kapodistrian University of Athens)

  • Christos N.Pitelis

    (National & Kapodistrian University of Athens, and University of Brunel)

Abstract

The present study constitutes an inquiry into potential sources of funding for euro zone member states in the context of the present crisis and the role that they could play in overcoming it. Specifically, it emphasizes on the refinancing needs of Southern European member states over the following decade taking into account both the maturity profile of these nations’ debt and the relationship between short-term and long-term securities. On the side of the possible funding sources, emphasis is given on Sovereign Wealth Funds (SWF) and on their capacity to assist indebted European nations mainly through bond purchases, but also through other means like private equity or acquisitions. The ensuing relationship between Euro zone member states and SWF is analyzed both on purely economic and on political grounds, the analysis starting from the respective motives of both aforementioned sides, so that the possibility of an intervention by SWF in European debt markets can be properly assessed and its potential impact estimated.

Suggested Citation

  • Lefteris Tserkezis & Christos N.Pitelis, 2015. "The potential role of Sovereign Wealth Funds in the context of the EU crisis," Working papers wpaper123, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper123
    as

    Download full text from publisher

    File URL: http://fessud.eu/wp-content/uploads/2015/03/The-potential-role-of-Sovereign-Wealth-Funds-in-the-context-of-the-EU-crisis-working-paper-123.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Sovereign Wealth Funds; EU crisis;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fes:wpaper:wpaper123. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Helen Evans (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.