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The new economics of sovereign wealth funds [[electronic resource] /] / Massimiliano Castelli, Fabio Scacciavillani
| The new economics of sovereign wealth funds [[electronic resource] /] / Massimiliano Castelli, Fabio Scacciavillani |
| Autore | Castelli Massimiliano |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Hoboken, NJ, : Wiley, c2012 |
| Descrizione fisica | 1 online resource (229 p.) |
| Disciplina | 332.67/252 |
| Altri autori (Persone) | ScacciavillaniFabio |
| Collana | The Wiley Finance Series |
| Soggetto topico |
Sovereign wealth funds
Investment of public funds |
| ISBN |
1-119-97345-7
1-119-97347-3 1-283-60400-0 9786613916457 1-119-97344-9 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Title page; Copyright page; Contents; Foreword; List of Tables and Figures; List of Abbreviations; Acknowledgements; Introduction; A few stylized facts; SWFs under the spotlight; Defining SWFs; Misplaced fears; The plan of the book; 1: The Macroeconomic Dynamics Behind SWFs; 1.1 Persistent current account surpluses translate into accumulation of foreign assets; 1.2 Absorption constraints: the rationale for establishing SWFs and FWFs; 1.3 The management of natural resources windfall; 1.4 Commodities demand and the super-cycle theory
1.5 SWFs as alternative to an income tax system: what if Norway becomes like Saudi Arabia?2: Size and Growth of SWFs Assets; 2.1 Size and clusters of SWFs; 2.2 Drivers of SWFs asset growth; 2.3 The optimal level of foreign exchange reserves; 2.4 Future growth in FX reserves: commodity- versus non-commodity-exporting countries; 2.5 Size of SWFs by 2016; Appendix: How big could SWFs be by 2016?; 3: SWFs as Investors in Global Markets; 3.1 Clustering SWFs by objectives and investment profiles; 3.2 SWFs as strategic investors in domestic and global markets 3.3 Geographical and sector distribution of SWF strategic investments: the 2007-2008 surge of investments in Western financials 3.4 Investment performance of SWFs and the impact of the financial crisis; 3.5 Explicit and implicit liabilities of SWFs; 3.6 Long-term investments: SWFs as the ultimate risk bearers; 4: Risk Management for SWFs; 4.1 The crisis in retrospect; 4.2 The complex qualitative nature of risk: uncertainty, chaos, black swans and fat tails; 4.3 Banking regulation, herd behaviour and contagion; 4.4 The evolution of the regulatory framework 4.5 Sketches of risk management for SWFs 4.6 An unconventional dimension of risk management: shareholders vs stakeholders; 5: SWFs in the Geopolitics of the Twenty-first Century; 5.1 The shift to the East of the global economy: the New Silk Route; 5.2 The law of unintended consequences? China's influence through financial muscle; 5.3 SWFs investing in the less developed economies: Africa as the last investment frontier; 5.4 The new financial geography: the emerging multipolar financial architecture; 5.5 The dominance of the US in global financial markets: SWFs as US diversifiers 5.6 SWFs and the new regulatory environment for financial institutions: the upcoming 'war for capital'6: The Politics of SWFs Engagement; 6.1 National responses to the growing role of SWFs; 6.2 International response to the growing role of SWFs; 6.3 SWFs' response to international pressure; 6.4 Santiago Principles: rationale, implementation and reality; 6.5 A digression on public versus private role in the economy; 7: Wrapping Up; 7.1 Towards a multipolar world; 7.2 Governments' activism in economic and financial affairs; 7.3 Barbarian at the gates or welcome partners? 7.4 The end of the savings gluts and the coming era of capital scarcity |
| Record Nr. | UNINA-9910141392603321 |
Castelli Massimiliano
|
||
| Hoboken, NJ, : Wiley, c2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The new economics of sovereign wealth funds / / Massimiliano Castelli, Fabio Scacciavillani
| The new economics of sovereign wealth funds / / Massimiliano Castelli, Fabio Scacciavillani |
| Autore | Castelli Massimiliano |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Hoboken, NJ, : Wiley, c2012 |
| Descrizione fisica | 1 online resource (229 p.) |
| Disciplina | 332.67/252 |
| Altri autori (Persone) | ScacciavillaniFabio |
| Collana | The Wiley Finance Series |
| Soggetto topico |
Sovereign wealth funds
Investment of public funds |
| ISBN |
9786613916457
9781119973454 1119973457 9781119973478 1119973473 9781283604000 1283604000 9781119973447 1119973449 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Title page; Copyright page; Contents; Foreword; List of Tables and Figures; List of Abbreviations; Acknowledgements; Introduction; A few stylized facts; SWFs under the spotlight; Defining SWFs; Misplaced fears; The plan of the book; 1: The Macroeconomic Dynamics Behind SWFs; 1.1 Persistent current account surpluses translate into accumulation of foreign assets; 1.2 Absorption constraints: the rationale for establishing SWFs and FWFs; 1.3 The management of natural resources windfall; 1.4 Commodities demand and the super-cycle theory
1.5 SWFs as alternative to an income tax system: what if Norway becomes like Saudi Arabia?2: Size and Growth of SWFs Assets; 2.1 Size and clusters of SWFs; 2.2 Drivers of SWFs asset growth; 2.3 The optimal level of foreign exchange reserves; 2.4 Future growth in FX reserves: commodity- versus non-commodity-exporting countries; 2.5 Size of SWFs by 2016; Appendix: How big could SWFs be by 2016?; 3: SWFs as Investors in Global Markets; 3.1 Clustering SWFs by objectives and investment profiles; 3.2 SWFs as strategic investors in domestic and global markets 3.3 Geographical and sector distribution of SWF strategic investments: the 2007-2008 surge of investments in Western financials 3.4 Investment performance of SWFs and the impact of the financial crisis; 3.5 Explicit and implicit liabilities of SWFs; 3.6 Long-term investments: SWFs as the ultimate risk bearers; 4: Risk Management for SWFs; 4.1 The crisis in retrospect; 4.2 The complex qualitative nature of risk: uncertainty, chaos, black swans and fat tails; 4.3 Banking regulation, herd behaviour and contagion; 4.4 The evolution of the regulatory framework 4.5 Sketches of risk management for SWFs 4.6 An unconventional dimension of risk management: shareholders vs stakeholders; 5: SWFs in the Geopolitics of the Twenty-first Century; 5.1 The shift to the East of the global economy: the New Silk Route; 5.2 The law of unintended consequences? China's influence through financial muscle; 5.3 SWFs investing in the less developed economies: Africa as the last investment frontier; 5.4 The new financial geography: the emerging multipolar financial architecture; 5.5 The dominance of the US in global financial markets: SWFs as US diversifiers 5.6 SWFs and the new regulatory environment for financial institutions: the upcoming 'war for capital'6: The Politics of SWFs Engagement; 6.1 National responses to the growing role of SWFs; 6.2 International response to the growing role of SWFs; 6.3 SWFs' response to international pressure; 6.4 Santiago Principles: rationale, implementation and reality; 6.5 A digression on public versus private role in the economy; 7: Wrapping Up; 7.1 Towards a multipolar world; 7.2 Governments' activism in economic and financial affairs; 7.3 Barbarian at the gates or welcome partners? 7.4 The end of the savings gluts and the coming era of capital scarcity |
| Record Nr. | UNINA-9910818568903321 |
|
Castelli Massimiliano
|
||
| Hoboken, NJ, : Wiley, c2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||