Sovereign Wealth Funds: a Solution to the Crisis ?

Jean-Paul Betbèze

Revue d'Économie Financière, 2009, vol. 9, issue 1, 157-162

Abstract: [eng] The sovereign wealth funds (SWFs) do find themselves at the crux of a new situation. They are in the process of playing a strategic role in a crisis that the developed countries, starting with the United States, created. And they are going to take advantage of it. This is how the great world imbalance took hold : on the one hand, the wealthy countries, led by the United States, were not saving, and on the other the so-called poor countries were financing them, while at the same time importing disinflation from them, fueling low long-term nominal rates. Within this context, it may be reasoned that the best answer to SWFs is that of European funds themselves. . JEL Classification : F21, F30, G01, G29

Date: 2009
Note: DOI:10.3406/ecofi.2009.5502
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