Sovereign wealth funds / Thomas N. Carson and William P. Litmann, editors.

Format:

Book

Contributor:

Carson, Thomas N.

Litmann, William P.

Language:

English

Subjects (All):

Sovereign wealth funds.

Investments, Foreign.

Physical Description:

1 online resource (381 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, c2009.

Language Note:

English

Summary:

Sovereign wealth funds (SWFs) are investment funds owned and managed by national governments. Such funds currently manage between $1.9 and $2.9 trillion and are expected to grow to over $12 trillion by 2015. This is due to the rapid growth of commodity prices and large trade surpluses in several emerging market economies.

Contents:

""SOVEREIGN WEALTH FUNDS""; ""SOVEREIGN WEALTH FUNDS""; ""CONTENTS""; ""PREFACE""; ""SOVEREIGN WEALTH FUNDS:BACKGROUND AND POLICY ISSUES FOR CONGRESS*""; ""ABSTRACT""; ""INTRODUCTION""; ""BACKGROUND""; ""What Are Sovereign Wealth Funds (SWFs)?""; ""What Countries Operate SWFs?""; ""The Size of SWFs""; ""POLICY ISSUES FOR CONGRESS""; ""Transparency and Governance-Related Concerns""; ""Non-Commercial Investment Motives""; ""U.S. AND INTERNATIONAL POLICY RESPONSES TO SWFS""; ""United States""; ""Europe""; ""Multilateral""; ""REFERENCES""; ""CHINA'S SOVEREIGN WEALTH FUND*""; ""ABSTRACT""

""INTRODUCTION""""POLICY RESPONSES TO SWFS""; ""ADMINISTRATIVE DETAILS OF THE CHINA INVESTMENT CORPORATION""; ""CIC's Management Team""; ""CIC's Working Capital""; ""INVESTMENT ACTIVITIES OF CHINA'S SOVEREIGN WEALTH FUND""; ""CIC's Existing Investments""; ""IMPLICATIONS FOR CHINA'S ECONOMY""; ""IMPLICATIONS FOR GLOBAL FINANCIAL MARKETS AND THE U.S. ECONOMY""; ""CONGRESSIONAL CONSIDERATIONS""; ""REFERENCES""; ""STATE CAPITALISM:THE RISE OF SOVEREIGN WEALTH FUNDS""; ""1. THE IMPACT AND IMPLICATIONS""; ""1a. Introduction""; ""1b. Scale - the Super Seven""

""1c. Rapid Growth Rates and Future Size""""1d. Secrecy and Accountability""; ""1e. Implications - Strategic Behaviour""; ""1f. Implications - Protectionist Stance""; ""1g. Implications - Market Impact""; ""1h. Implications - Need for Ground Rules""; ""SECTION 2: THE LARGEST SOVEREIGN WEALTH FUNDS""; ""2a. Selection Criteria""; ""2b. Methodology""; ""2c. Summary of Findings""; ""2d. Age""; ""2e. Source of Funds""; ""2f. Scale""; ""2g. Aim""; ""2h. Governance""; ""2i. Investment Activity""; ""2k. Growth Rates""; ""TOP 22 SOVEREIGN WEALTH FUNDS""; ""1. Abu Dhabi Investment Authority (UAE)""

""2. Government Pension Fund - Global (Norway)""""3. Government of Singapore Investment Corporation""; ""4. Kuwait Investment Authority""; ""5. China Investment Corporation""; ""6. Stabilization Fund (Russia)""; ""7. Temasek Holdings (Singapore)""; ""8. Qatar Investment Authority""; ""9. Revenue Regulation Fund (Algeria)""; ""10. Permanent Reserve Fund (Alaska)""; ""11. Libyan Investment Authority""; ""12. Brunei Investment Agency""; ""13. Khazanah Nasional (Malaysia)""; ""14. Korea Investment Corporation""; ""15. National Development Fund (Venezuela)""

""16. Alberta Heritage Savings Trust Fund (Canada)""""17. National Stabilization Fund (Taiwan)""; ""18. National Fund (Kazakhstan)""; ""19. Economic and Social Stabilization Fund (Chile)""; ""20. Istithmar (Dubai/UAE)""; ""21. Dubai International Capital (UAE)""; ""22. State General Reserve Fund (Oman)""; ""APPENDIX I. THE FUTURE FUND (AUSTRALIA)""; ""II.GOVERNMENT PENSION FUND (THAILAND)""; ""III. PENSION GUARANTEE FUND (CHILE)""; ""IV. BOTSWANA PULA FUND""; ""V. STATE OIL FUND (AZERBAIJAN)""; ""VI.HERITAGE AND STABILIZATION FUND(TRINIDAD &TOBAGO)""

""VII. FUND FOR MACROECONOMIC STABILISATION (VENEZUELA)""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-61324-118-6

OCLC:

923657643