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Sovereign Wealth Funds

In: The International Handbook of Public Financial Management

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  • Jon Shields

Abstract

Good stewardship of the government’s wealth is a hallmark of effective public financial management. But prudent administration of the nation’s financial and physical assets has in the past received much less technical or political attention than the budget process itself or, for example, detailed public spending or debt issues. Furthermore, the implications for the economy of transactions in the government’s financial asset holdings are often neglected in public debate.

Suggested Citation

  • Jon Shields, 2013. "Sovereign Wealth Funds," Palgrave Macmillan Books, in: Richard Allen & Richard Hemming & Barry H. Potter (ed.), The International Handbook of Public Financial Management, chapter 29, pages 619-637, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31530-4_30
    DOI: 10.1057/9781137315304_30
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