|
| Clark, Gordon L.; Monk, Ashby H.B.. |
| As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of Anglo-American finance over the late 20th and early 21st centuries. We distinguish between the immediate future for SWFs in the aftermath of the global financial crisis, and two possible long-term scenarios; one of which sees SWFs becoming financial goliaths dominating global markets, while the other sees SWFs morphing into nation-state development institutions that intermediate between financial markets and the long-term commitments of the nation-state sponsors. If... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Sovereign Wealth Funds; Crisis; Market Performance; Long-term Investment; Financial Economics; D02; F36; G15. |
| Ano: 2010 |
URL: http://purl.umn.edu/98098 |
