Sovereign Wealth Funds: The New Intersection of Money and Politics
Christopher Balding
Published:
2012
Online ISBN:
9780199932498
Print ISBN:
9780199842902
Contents
- < Previous chapter
- Next chapter >
Sovereign Wealth Funds: The New Intersection of Money and Politics
Christopher Balding
Chapter
Get access
Christopher Balding
Christopher Balding
Find on
Oxford Academic
Pages
27–51
-
Published:
February 2012
- Annotate
Cite Icon Cite
Cite
Balding, Christopher, 'The Economics of Sovereign Wealth Funds', Sovereign Wealth Funds: The New Intersection of Money and Politics (2012; online edn, Oxford Academic, 24 May 2012), https://doi.org/10.1093/acprof:oso/9780199842902.003.0002, accessed 8 Mar. 2024.
Close
Search
Close
Search
Advanced Search
Search Menu
Abstract
Sovereign wealth funds are designed to solve specific economic and financial problems. Surplus capital inflows, primarily from commodity dependent states, threaten to cause currency appreciation and increase inflation. This chapter will focus on the economics of sovereign wealth funds and the common policy dilemmas facing these countries. Drawing upon the extensive economics literature focusing on commodity dependent states, this chapter focuses on why do sovereign wealth funds exist, what problems are they designed to solve, and how well do sovereign wealth funds address these problems. Contrary to popular belief, sovereign wealth funds are not political creations, but were created for economic reasons to address specific economic problems and are created in countries with very specific challenges. Countries with large current account surpluses, primarily from natural resource exporting, need to stabilize their inflows and investment patterns to smooth volatile commodity prices. The impact of these structural inflows has not been considered and what economic policies might better suit countries with surpluses has not been fully considered in the sovereign wealth fund debate. This chapter will study, in non-technical language, sovereign wealth funds and the unique set of economic issues faced by their domestic economies.
Keywords: sovereign wealth funds, foreign reserves, balance of payment, capital account, commodities, oil dependence, inflation
Subject
Economic History Financial Markets International Financial Markets
Collection: Oxford Scholarship Online
You do not currently have access to this chapter.
Sign in
Get help with access
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
Sign in Register
Institutional access
- Sign in through your institution
- Sign in with a library card Sign in with username/password Recommend to your librarian
Institutional account management
Sign in as administrator
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
- Click Sign in through your institution.
- Select your institution from the list provided, which will take you to your institution's website to sign in.
- When on the institution site, please use the credentials provided by your institution. Do not use an Oxford Academic personal account.
- Following successful sign in, you will be returned to Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
- Click Sign in through society site.
- When on the society site, please use the credentials provided by that society. Do not use an Oxford Academic personal account.
- Following successful sign in, you will be returned to Oxford Academic.
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
- View your signed in personal account and access account management features.
- View the institutional accounts that are providing access.
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing information
Advertisem*nt
Metrics
Metrics
Total Views 86
62 Pageviews
24 PDF Downloads
Since 10/1/2022
Month: | Total Views: |
---|---|
October 2022 | 3 |
November 2022 | 2 |
December 2022 | 7 |
January 2023 | 15 |
March 2023 | 7 |
April 2023 | 5 |
May 2023 | 6 |
June 2023 | 7 |
July 2023 | 2 |
August 2023 | 6 |
October 2023 | 3 |
November 2023 | 1 |
January 2024 | 7 |
February 2024 | 13 |
March 2024 | 2 |
Citations
Powered by Dimensions
Altmetrics
More from Oxford Academic
Economic History
Economics
Financial Markets
International Financial Markets
Social Sciences
Books
Journals
Advertisem*nt