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Economics of Sovereign Wealth Funds.
The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2010.
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| Colección: | Books.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover Page; Copyright Page; Content Page; Boxes; Tables; Figures; Foreword; Acknowledgments; Introduction; Abbreviations and Acronyms; Section I Role And Macrofinancial Relevance; 1 Demystifying Sovereign Wealth Funds; Understanding the Rise of SWFs; Figure 1.1. Petrodollar and Asian SWFs Rank Among the Largest; Figure 1.2. Foreign Reserves in Central Banks Account for 90 Percent of Asian Sovereign Foreign Assets; The Diverse Aims and Investment Strategies of SWFs; Figure 1.3. SWF Investment Strategies Vary Widely; SWFs Remain Powerful, Despite the Financial Crisis.
- Figure 1.4. SWF Assets Held Steady in 2008SWFs Will Remain Long-Term Investors, but the Crisis Has Prompted Some Shifts; SWFs Will Continue to Grow; Figure 1.5. SWF Assets Could Reach US4.3 Trillion by 2013; References; 2 From Reserves Accumulation to Sovereign Wealth Fund: Policy and Macrofinancial Considerations; Adequate Level of Foreign Reserves; Options for Ample Reserves; Support from the SWF in a Financial Crisis; Macrofinancial Linkages Associated with Management of an SWF; Conclusion; References; 3 Sovereign Wealth Funds: New Economic Realities and the Political Responses.
- Cross-Border Investments: Toward a Global Diffusion of Corporate Ownership?Figure 3.1. Regional Distribution of Assets Held by Sovereign Investors, Percentage of Total, May 2010; Figure 3.2. Financial Assets and Markets Worldwide, by Volume; Figure 3.3. Sovereign Investments and Asset Sales, 1995-2009; Figure 3.4. Sovereign Investments by Size of Acquired Stakes; Figure 3.5. Projected Growth in SWF Assets through 2020; SWFs as Foreign Investors in the United States and the EU: The Policy Issues; Figure 3.6. Effects of SWF Investments on Bank Share Prices.
- Policy Responses: A Danger of Protectionist Reflexes?The International Dimension: Ensuring Open Markets in a Fragmented Regulatory Environment; Good Conduct by SWFs: The Key to Greater Acceptance in Recipient Countries; Conclusion: The Global Perspective; References; 4 Sovereign Wealth Funds and Economic Policy at Home; The Role of an SWF Within the Overall Macroeconomic Policy Framework; Box 4.1. SWFs' Objectives: Selected Examples; Box 4.2. SWFs and the Global Financial Crisis; Accountability; Conclusion; References; Section II Institutional Factors.
- 5 Sovereign Wealth Funds and the Santiago PrinciplesSWFs: Objectives and Taxonomy; Issues Surrounding SWFs; The IWG and the Development of the Santiago Principles; The Key Features of the Santiago Principles; Box 5.1. The Santiago Principles: Elements Addressing Issues Raised; Concluding Observations and the Road Ahead; References; 6 Legal Underpinnings of Capital Account Liberalization for Sovereign Wealth Funds; Domestic Law; International Law; International Law Under the IMF's Articles of Agreement; IMF Jurisdiction over Restrictions on Current Payments.