Economics at your fingertips  

The Rise and Fall of Sovereign Wealth Accumulation: Causes and Consequences

Matthew Higgins () and Thomas Klitgaard

Revue d'Économie Financière, 2009, vol. 9, issue 1, 179-193

Abstract: [eng] This paper examines the sources of the rapid build-up in official foreign assets of recent years. Foreign exchange intervention and burgeoning petrodollar receipts - the two main sources of financing for recent official outflows - have very different implications for domestic monetary management and for the risk-return outlook facing sovereign investors. The paper then considers how the crisis has affected the outlook for official cross-border investment, arguing that we are unlikely to see an early return to the heavy official outflows of recent years. . JEL Classification : F21, F30, F31

Date: 2009
Note: DOI:10.3406/ecofi.2009.5504
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html) (text/html)

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:

Access Statistics for this article

Revue d'Économie Financière is currently edited by Association d'Économie Financière

More articles in Revue d'Économie Financière from Programme National Persée
Bibliographic data for series maintained by Equipe PERSEE ().

Page updated 2021-04-17
Handle: RePEc:prs:recofi:ecofi_1767-4603_2009_hos_9_1_5504