LEADER 05085nam 2200637 450 001 9910826529603321 005 20230725054606.0 010 $a0-85719-152-7 035 $a(CKB)3710000000077444 035 $a(StDuBDS)AH15188024 035 $a(SSID)ssj0001149325 035 $a(PQKBManifestationID)11728980 035 $a(PQKBTitleCode)TC0001149325 035 $a(PQKBWorkID)11166520 035 $a(PQKB)11310673 035 $a(MiAaPQ)EBC3299664 035 $a(Au-PeEL)EBL3299664 035 $a(CaPaEBR)ebr10818412 035 $a(OCoLC)923107569 035 $a(EXLCZ)993710000000077444 100 $a20131220d2010 uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSovereign wealth funds $ea complete guide to state-owned investment funds /$fby Alberto Quadrio Curzio and Vaeria Miceli 205 $aReprint edition. 210 1$aPetersfield [Great Britain] :$cHarriman House,$d2010. 215 $a1 online resource (xv, 233 p. ) $cill 225 0$aHarriman finance essentials 300 $aOriginally published as "I fondi sovrani" in Italy in 2009. 300 $aIncludes bibliographical references. 311 $a1-906659-96-6 320 $aIncludes bibliographical references. 327 $aList of Figures and TablesAbout the AuthorsIntroduction1. How and When Sovereign Wealth Funds Came About2. What Are Sovereign Wealth Funds?3. The Most Representative Actors4. Strategies and Effects on Global Financial Markets5. Geoeconomics and Geopolitics6. The United States and the European Union Confronted with SWFs7. The Principles of the IMF and the OECD: Towards a Multilateral FrameworkConclusionAppendix - The Santiago PrinciplesNotesBibliographyAbbreviations and Acronyms 330 8 $aSovereign Wealth Funds (SWFs) are state investment vehicles based on balance of payment surpluses. This book answers such key questions as: What defines a SWF? When and how did SWFs emerge? What investment strategies do SWFs pursue? What are the main financial, economic and political consequences of the operations of SWFs? And more.$bSovereign Wealth Funds (SWFs) - state investment vehicles based on balance of payment surpluses - have come increasingly under the scrutiny of public opinion over the past decade. Their remarkable investments in developed economies have also attracted the attention of politicians, academics and financial operators.At first ignored, then seen as a cause for concern, they finally came to be viewed as stabilising agents amid the troubles of the 2007-2009 financial tsunami. Having sponsored the bailouts of some significant Western banks, SWFs underwent a phase of retrenchment concomitant with the shrinking of economic growth, the bursting of financial and real-estate bubbles and the emphasis on refocusing liquidity on domestic markets that followed in the wake of the crisis. Since the second half of 2009, however, SWFs have adjusted targets and strategies to the new financial paradigm and re-engaged in the global economy, proving to be major players in the international financial markets.The universe of SWFs symbolises a shift in the balance of economic power, with the dominant areas being the Gulf Council countries, China, Singapore, Russia, Libya and Norway. It is also an area of finance that has hitherto remained - and not accidentally - profoundly obscure. This book presents comprehensive research and analysis of this shift, as well as the related issue of transparency. It furthermore brings together the best research and information available on the activities of SWFs, detailing previously hard to find operational information.In this book the authors answer key questions, such as:- What defines a SWF?- When and how did SWFs emerge?- What investment strategies do SWFs pursue?- What are the main financial, economic and political consequences of the operations of SWFs?- What reactions have SWFs triggered in their domicile countries and abroad?- Is transparency in SWFs really important and for whom?- What approach has been taken by international organisations towards SWFs?'Sovereign Wealth Funds' provides a detailed guide to an area of finance worth trillions of dollars, involving many of the world's governments, and affecting a wide array of sectors. It should prove essential reading for anyone looking to understand this international financial phenomenon. 410 0$aHarriman finance essentials. 606 $aSovereign wealth funds 606 $aInvestment of public funds 606 $aInvestments, Foreign 606 $aInternational finance 615 0$aSovereign wealth funds. 615 0$aInvestment of public funds. 615 0$aInvestments, Foreign. 615 0$aInternational finance. 676 $a254 700 $aQuadrio Curzio$b Alberto$027982 701 $aMiceli$b Valeria$0437580 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826529603321 996 $aSovereign wealth funds$9760644 997 $aUNINA