Sovereign wealth funds : threat or salvation? / / Edwin M. Truman

• Record Nr.: UNINA9910828868003321
• Autore: Truman Edwin M
• Pubbl/distr/stampa: Washington, DC, : Peterson Institute for International Economics, 2010
• ISBN: 1-282-88299-6; 9786612882999; 0-88132-575-9
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (218 p.)
• Disciplina: 332.67/252
• Soggetti: Sovereign wealth funds; Investment of public funds; Investments, Foreign; International finance
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover -- Contents -- Preface -- Acknowledgments -- Ch 1 Sovereign Wealth Funds and the Global Economy -- Sovereign Wealth Funds and the Global Financial Crisis -- Response to Sovereign Wealth Funds -- Structure of the Book -- Ch 2 What Are Sovereign Wealth Funds? -- What, When, and How? -- Potential for Growth -- Sovereign Wealth Funds and the International Financial System -- Ch 3 Issues and Concerns -- Mismanagement of Investments -- Pursuit of Political or Economic Power Objectives -- Financial Protectionism -- Market Turmoil and Uncertainty -- Conflicts of Interest -- Concluding Comments -- Ch 4 Possible Policy Responses to Sovereign Wealth Funds -- Comprehensive Regulation -- Prohibition of Specific Investments -- Limitations on Investment Activities -- Reciprocal Arrangements -- Ch 5 Accountability and Transparency: The Sovereign Wealth Fund Scoreboard -- The Scoreboard -- Elements of the Scoreboard -- Evidence of Progress -- Comparison with Other Indices and Indicators -- Arguments against the Scoreboard Approach -- The Scoreboard and Concerns about Sovereign Wealth Funds -- Appendix 5A Scoreboard for Sovereign Wealth Funds -- Ch 6 The Santiago Principles -- International Working Group -- Assessment of the ; Santiago Principles -- Discussion of the Santiago Principles -- Next Steps -- Ch 7 Host-Country Responses to Sovereign Wealth Funds -- OECD Response -- Assessment of Collective Actions -- Actions by Individual Countries -- Reciprocal Responsibility -- Ch 8 The Future for Sovereign Wealth Funds -- Upgrading the Santiago Principles -- Augmented Reciprocal Responsibility -- Improving Data Collection and Related Disclosures -- A Comprehensive Investment Framework as the Ultimate Goal -- References -- Index.