The potential role of Sovereign Wealth Funds in the context of the EU crisis

Lefteris Tserkezis and Christos Pitelis
Additional contact information
Lefteris Tserkezis: National & Kapodistrian University of Athens

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: The present study constitutes an inquiry into potential sources of funding for euro zone member states in the context of the present crisis and the role that they could play in overcoming it. Specifically, it emphasizes on the refinancing needs of Southern European member states over the following decade taking into account both the maturity profile of these nations’ debt and the relationship between short-term and long-term securities. On the side of the possible funding sources, emphasis is given on Sovereign Wealth Funds (SWF) and on their capacity to assist indebted European nations mainly through bond purchases, but also through other means like private equity or acquisitions. The ensuing relationship between Euro zone member states and SWF is analyzed both on purely economic and on political grounds, the analysis starting from the respective motives of both aforementioned sides, so that the possibility of an intervention by SWF in European debt markets can be properly assessed and its potential impact estimated.

Keywords: Sovereign Wealth Funds; EU crisis (search for similar items in EconPapers)
Pages: 40 pages
Date: 2015-11-30
New Economics Papers: this item is included in nep-eec
References: Add references at CitEc
Citations:

Downloads: (external link)
http://fessud.eu/wp-content/uploads/2015/03/The-po ... orking-paper-123.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper123

Access Statistics for this paper

More papers in Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project FESSUD Co-ordinator (Malcolm Sawyer) Leeds University Business School Maurice Keyworth Buidling Leeds LS2 9JT.
Bibliographic data for series maintained by Helen Evans ( this e-mail address is bad, please contact ).