Sovereign Investment: Concerns and Policy Reactions

Sovereign Investment: Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. Sovereign wealth funds currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge funds worldwide, and are predicted to hold nine trillion more by 2015. This relatively new and rapidly expanding phenomenon remains relatively unregulated, but the International Monetary Fund and the G7 aim to establish temporary and voluntary rules to introduce transparency and uniformity until more permanent regulatory structures are instituted. What permanent rules and procedures should govern sovereign wealth funds? What bodies should enforce them? Do the current provisional rules answer the national security concerns of host countries? Editors Karl P. Sauvant, Lisa Sachs, and Wouter P.F. Schmit Jongbloed address these questions in a collection of essays by leading authorities from the IMF, academic institutions, law firms, multi-national corporations, and think tanks. Together, these authors analyze how sovereign wealth funds have helped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future. Available in OSO: Contributors to this volume - Jose E. Alvarez, New York University School of Law Rolando Avendano, Organisation for Economic Co-operation and Development Alexander A. Berengaut, Covington & Burling LLP Julien Chaisse, Chinese University of Hong Kong Mark Clodfelter, Foley Hoag LLP Udaibir S. Das, International Monetary Fund Patrick DeSouza, Plain Sight Group of Companies David Fagan, Covington & Burling LLP David Gaukrodger, Organisation for Economic Co-operation and Development Steven Globerman, Western Washington University Kathryn Gordon, Organisation for Economic Co-operation and Development Mark Gordon, Wachtell, Lipton, Rosen & Katz Stephany Griffith-Jones, Columbia University Francesca Mariana Soria Guerrero, Winston & Strawn LLP Philippe Gugler, University of Fribourg Thomas Jost, University of Applied Sciences Aschaffenburg Alan Larson, Covington & Burling LLP Adnan Mazarei, International Monetary Fund James Mendenhall, Sidley Austin LLP Sabastian V. Niles, Wachtell, Lipton, Rosen & Katz Jose Antonio Ocampo, Columbia University School of International and Public Affairs Katharina Pistor, Columbia Law School Mark E. Plotkin, Covington & Burling LLP W. Michael Reisman, Yale Law School Alan M. Rugman, Henley Business School of the University of Reading Jeffrey D. Sachs, Columbia University Lisa E. Sachs, Vale Columbia Center on Sustainable International Investment A. Edward Safarian, Rotman School of Business, University of Toronto Javier Santiso, ESADE Business School Karl P. Sauvant, Vale Columbia Center at Columbia Law School Wouter P.F. Schmit Jongbloed, Columbia Law School Daniel M. Shapiro, Simon Fraser University Maya Steinitz, The University of Iowa College of Law Paola Subacchi, Chatham House at the Royal Institute of International Affairs Edwin M. Truman, Peterson Institute for International Economics