SOVEREIGN INVESTMENT FUNDS, OPPORTUNITY WITHIN THE CONTEXT OF THE GLOBAL ECONOMIC CRISIS

Doina Draniceanu
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Doina Draniceanu: Head of Training Unit, Romanian Court of Accounts

Studii Financiare (Financial Studies), 2013, vol. 17, issue 2, 53-63

Abstract: Emergent countries’ governments which have at their disposal huge amounts of money from external balances of trade strongly in excess became foreground investors, influential players on the financial markets by means of sovereign funds, often with political component. The economic crisis triggered in 2008 made the sovereign investment funds to adopt an active position in the financial markets, contributing through their massive interventions in the European and American banks, to the rescue of world economy, consolidating their position within the global financial sector. The consequences of the sovereign investment funds’ strengthening are both economic and political, influencing the pregnant change within the world power ratios in the new multi-polar world, from political and military point of view, with significant growth of interdependence of national economies.

Keywords: emergent countries; financial markets; economic crisis; sovereign funds; world economy (search for similar items in EconPapers)
JEL-codes: F33 F59 F65 G24 (search for similar items in EconPapers)
Date: 2013
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