Document Type

Book Chapter

Publication Date

2012

DOI

https://doi.org/10.1093/acprof:osobl/9780199937929.003.0006

Abstract

This chapter focuses on a number of specific sovereign wealth funds (SWFs) whose portfolios indicate strong interests in finance both in their home countries and abroad. It first reviews empirical evidence that shows SWFs having been major investors in Western financial intermediaries for decades. It then considers the organization and governance of SWFs, with particular emphasis on the three main schools of thought as well as the predictions one can derive from them vis-à-vis the behavior of individual actors in the global financial network: economic theories, economic sociology, and political economy. It also presents case studies that “test” these theories by analyzing the entry and exit decisions taken by members of the global financial network into and out of relationships with SWFs.

Disciplines

International Law | Law | Political Economy

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