The Role of Sovereign Wealth Funds

Pierre-Ignace Bernard and Jean-Christophe Mieszala

Revue d'Économie Financière, 2009, vol. 9, issue 1, 219-231

Abstract: [eng] The role of sovereign wealth funds (SWFs) is a subject of intense debate both within the international financial community and beyond, giving rise to sharply divided views. ln particular, this question generates concerns as to potential risks of unintentional capital market distortions and increased market volatility, geopolitical influence or destabilization, potential control over strategic assets and barriers to competition. If the debate is refocused around issues directly linked to the activities of SWFs, these risks appear to be relatively limited. There remain, on the other hand, some core challenges : governance, disclosure and operating protocols. This article suggests a solution framework to improve these three areas and most effectively reconcile the interests of all parties. . JEL Classification : F21, F30, G29

Date: 2009
Note: DOI:10.3406/ecofi.2009.5509
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Persistent link: https://EconPapers.repec.org/RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5509

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