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Sovereign Wealth Funds : New Economic Realities and the Political Responses

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  • Steffen Kern

Abstract

[eng] From a global perspective, sovereign wealth funds (SWFs) and their investments are one facet of a new phase of globalization, which is about ownership of assets globally and a new quality in terms of the participation of emerging markets in the global economy. This is a positive and highly welcome development. The growing international investments by emerging markets are likely ta help them achieve a more established role in world finance which is more commensurate with their importance in the global economy. This calls for early and coordinated policy approaches. The IMF' s coordinating strategy on SWF transparency and governance is a very positive example of how a swift and targeted policy response brought emerging markets ta the negotiating table, actually making them the drivers of the process. . JEL Classification : F30, G29

Suggested Citation

  • Steffen Kern, 2009. "Sovereign Wealth Funds : New Economic Realities and the Political Responses," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 255-269.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5512
    DOI: 10.3406/ecofi.2009.5512
    Note: DOI:10.3406/ecofi.2009.5512
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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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