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
Recommended Citation
Katharina Pistor,
Sovereign Wealth Funds and Global Finance,
Sovereign Investment: Concerns and Policy Reactions, Karl P. Sauvant, Lisa E. Sachs & Wouter P.F. Schmit Jongbloed (Eds.), Oxford University Press
(2012).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/4345