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The role of sovereign wealth funds in global financial intermediation

By Surendranath R. Jory, Mark J. Perry and Thomas A. Hemphill


Sovereign wealth funds (SWFs) have experienced tremendous growth lately. Their combined wealth is currently estimated at $3 trillion, and the International Monetary Fund estimates that they will continue to grow to $10 trillion by 2012. SWFs' recent investments in the United States and Europe have been the focus of media and government scrutiny, given that a number of SWFs are not transparent, and emanate from authoritarian regimes, which are not political allies of the West. In this article, we provide a comprehensive overview, along with detailed summary statistics on various aspects of SWFs. We also provide recommendations to facilitate SWFs' role in global financial intermediation. © 2010 Wiley Periodicals, Inc

Publisher: Wiley Subscription Services, Inc., A Wiley Company
Year: 2010
DOI identifier: 10.1002/tie.20381
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