A Paradox of Risk Aversion

Robert Johnson

Challenge, 2011, vol. 54, issue 3, 38-55

Abstract: The quantity of funds managed by sovereign states is now enormous. Efficient and productive investment of these funds may be critical to returning the globe to a period of rapid economic growth. But widespread risk aversion, due to exchange instability and capital flow imbalances, the author argues, may impede that solution and is now one of the major dangers to the world.

Date: 2011
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DOI: 10.2753/0577-5132540302

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