Sovereign Wealth Funds and Global Imbalances
Year: 2009
Type: article
Abstract: Much of the debate on sovereign wealth funds (SWFs) has focused on political questions : do they reintroduce the failings of public ownership into market economies by the back door ? will SWFs use their ownership rights to pursue political ends ? and will resistance to foreign ownership lead to a new wave of protectionism ? In this article, the author concentrates on some economic issues : why have they become so prominent recently ? how does that relate to imbalances in the world economy ? how are they affecting financial markets and what are the policy implications of their growth ? JEL Classification : F21, F30, F32
Author: John Gieve
Institution: Bank of England
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2098788940