Sovereign wealth funds in the global economy
Sovereign wealth funds in the global economy

Summary/Abstract: This paper is devoted to the explanation of the role of sovereign wealth funds (SWFs) in the global economy. SWFs are special governmental organisations aimed at managing strategic reserves of sovereign capital. The author focused on the institutions originating mostly in emerging countries. The main goal of this work is to present the impact of this new type of financial institutions on targeted firms and host economies. The topic is important from both the economic and the policy point of view, as SWFs are simultaneously financial and political entities. To provide an empirical context, the author will analyse two Asian SWFs: China Investment Corporation from China and Tamasek Holdings from Singapore.

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