Sovereign wealth fund as an instrument for primary commodity-producing countries.

Sovereign Wealth Funds (SWFs) are institutional investors in the hands of the States that have experienced substantial growth in recent years. This article primarily presents the SWFs as stabilization funds, as savings funds for intergenerational equity and as instruments within the framework of dev...

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Detalles Bibliográficos
Autores principales: Ramírez Cendrero, Juan Manuel, Wirth, Eszter
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2016
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1553
Descripción
Sumario:Sovereign Wealth Funds (SWFs) are institutional investors in the hands of the States that have experienced substantial growth in recent years. This article primarily presents the SWFs as stabilization funds, as savings funds for intergenerational equity and as instruments within the framework of development strategies, especially in commodities dependent countries. This research is complemented with the analysis of two SWF (Saudi Arabia and Norway) and their challenges in the financial turmoil and drop of commodities prices; likewise, with some thoughts for primary exporter economies for encouraging the use of this economic instrument.