IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-25081-9_13.html
   My bibliography  Save this book chapter

Public Investment Funds and Value-Based Generational Accounting

In: Central Bank Reserves and Sovereign Wealth Management

Author

Listed:
  • Roy P. M. M. Hoevenaars
  • Roderick D. J. Molenaar
  • Eduard H. M. Ponds

Abstract

Governments in various countries are holding large pools of resources managed for public goals. These pools are known under different names, like sovereign wealth funds, public investment funds, pension funds, saving funds, intergenerational funds and so on, reflecting their different historical roots and orientation. Mitchell et al. (2008) make a distinction between three types of publicly held funds, or of public investment funds as they call these funds: (i) reserve funds held for currency stabilization and macroeconomic stabilization purposes; (ii) sovereign wealth funds (SWF) accumulated from natural resource taxes or from fiscal surpluses aimed at sharing the revenues of the exploitation of natural resources with future generations (Norway, Kuwait, Abu Dhabi); and (iii) public pension funds built up either through an explicitly funded arrangement or the result of prefunding the foreseeable increase in social security benefits because of ageing (Japan, Canada).

Suggested Citation

  • Roy P. M. M. Hoevenaars & Roderick D. J. Molenaar & Eduard H. M. Ponds, 2010. "Public Investment Funds and Value-Based Generational Accounting," Palgrave Macmillan Books, in: Arjan B. Berkelaar & Joachim Coche & Ken Nyholm (ed.), Central Bank Reserves and Sovereign Wealth Management, chapter 13, pages 328-348, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25081-9_13
    DOI: 10.1057/9780230250819_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Platanakis, Emmanouil & Sutcliffe, Charles, 2016. "Pension scheme redesign and wealth redistribution between the members and sponsor: The USS rule change in October 2011," Insurance: Mathematics and Economics, Elsevier, vol. 69(C), pages 14-28.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-25081-9_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.