 Setting Up a Sovereign Wealth Fund: Some Policy and Operational ConsiderationsChristian Mulder (), Amadou Sy, Yinqiu Lu and Udaibir Das No 2009/179, IMF Working Papers from International Monetary Fund Abstract: This paper offers a policy and operational "roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to review their existing policies and operations. Finally, it offers an opportunity to identify areas where research in macroeconomics and finance should give further answers as to the adequacy of existing practice related to the setting up and management of SWFs, an area where practical considerations often lead theoretical research. For instance, policymakers should optimally consider both their sovereign assets and liabilities together with their macroeconomic objectives, when setting up an SWF. Keywords: WP; asset; investment; SWF; asset class; fund; Sovereign wealth fund; SWF’s policy objective; investment policy; investment horizon; SWFS assets; risk tolerance; Policy objective; Commodity prices; International reserves; Asset allocation; Global (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2009/179 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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