Artikel
Macroeconomic considerations and motives of sovereign wealth funds activity
Sovereign wealth funds are entities regarded as an institutional innovation in the international financial market. Due to the nature of the ownership rights, the investment activity of such entities is still highly controversial. Objections against sovereign wealth funds included the alleged extraeconomic goals of their activity. This article attempts to show that the establishment development and operation of sovereign wealth funds are determined by economic factors. The study presents a description of the international monetary system and the motives for building foreign exchange reserves by countries. It has been evidenced on the basis of the most recent data that some countries have reserves considerably exceeding the level regarded as optimal for the economy. The article presents benefits for the economy from the use of sovereign wealth funds to manage excessive foreign exchange reserves.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Contemporary Economics ; ISSN: 1897-9254 ; Volume: 5 ; Year: 2011 ; Issue: 2 ; Pages: 42-53 ; Warsaw: Vizja Press & IT
- Classification
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
International Monetary Arrangements and Institutions
- Subject
-
sovereign wealth funds
foreign exchange reserves
international monetary system
- Event
-
Geistige Schöpfung
- (who)
-
Urban, Dariusz
- Event
-
Veröffentlichung
- (who)
-
Vizja Press & IT
- (where)
-
Warsaw
- (when)
-
2011
- DOI
-
doi:10.5709/ce.1897-9254.11
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Urban, Dariusz
- Vizja Press & IT
Time of origin
- 2011
Other Objects (12)
Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation
Parametric Meta-Technology Frameworks to Study Technical Efficiency and Macro-Economic Effects in the European Banking System
Selected Macroeconomic Variables and Stock Market Movements: Empirical evidence from Thailand
Modeling and estimating shadow sovereign ratings
Merger and acquisition in the banking sector
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Chosen Tax-Related and Economic Aspects of Choosing the Method of Equity Financing in Relation to Thin Capitalisation in the Countries of OECD
Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation
Parametric Meta-Technology Frameworks to Study Technical Efficiency and Macro-Economic Effects in the European Banking System
Selected Macroeconomic Variables and Stock Market Movements: Empirical evidence from Thailand
Modeling and estimating shadow sovereign ratings
Merger and acquisition in the banking sector
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Chosen Tax-Related and Economic Aspects of Choosing the Method of Equity Financing in Relation to Thin Capitalisation in the Countries of OECD
Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation
Parametric Meta-Technology Frameworks to Study Technical Efficiency and Macro-Economic Effects in the European Banking System
Selected Macroeconomic Variables and Stock Market Movements: Empirical evidence from Thailand
Modeling and estimating shadow sovereign ratings
Merger and acquisition in the banking sector
Divided co-ownership and matrimonial property in legal regulations of Slovak Republic
Multicriterial hierarchy methods applied in consumption demand analysis: The case of Romania
Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Complementary person-environment fit as a predictor of job pursuit intentions in the service industry
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange