Framing Sovereign Wealth Funds: What We Know and Need to Know
Peking University - HSBC School of Business; ESADE University Faculties - ESADEgeo
January, 30 2009
Sovereign wealth funds are poorly understood by policy makers and scholars. Research has provided valuable insights into their behavior and impact on financial markets. To further our understanding of sovereign wealth funds, it is important that we gain a better understanding of the economics and political landscape. Sovereign wealth fund 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 sovereign wealth funds within the principle of equal treatment and scholar must make appropriate comparisons of investment behavior rather than theoretical unreliable assertions about profit motives.
Number of Pages in PDF File: 11
Keywords: sovereign wealth funds, sovereign wealth fund, equal treatment, international financial architecture, home bias
JEL Classification: F30, F50
Date posted: January 31, 2009