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dc.contributor.authorUrban, Dariuszen
dc.date.accessioned2015-04-28T08:40:17Z
dc.date.available2015-04-28T08:40:17Z
dc.date.issued2009en
dc.identifier.issn1508-2008
dc.identifier.urihttp://hdl.handle.net/11089/8205
dc.description.abstractThe objective of this paper is analysis of Sovereign Wealth Funds, which are becoming increasingly important players in the international monetary and financial system. Those funds are attracting growing attention not only due to last investment activities in brand-name global firms, but also due to lack of transparency and information about themselves. The article consists of two part. In the first part of the paper based on the latest literature the author presents definitions of Sovereign Wealth Funds and main factors responsible for the rise and growth of those funds. The second part of the paper deals with investment characteristics made by the largest of them. The main conclusion of this paper is that empirical analysis do not prove the thesis that investment made by SWF's has a political background. The latest available data suggest that those funds avoid investing in sensitive sectors like defense, aerospace, high technology and transportation.en
dc.publisherWydawnictwo Uniwersytetu Łódzkiego
dc.relation.ispartofseriesComparative Economic Research. Central and Eastern Europe;1-2en
dc.rightsThis content is open access.en
dc.titleSovereign Wealth Funds - new players on global financial marketsen
dc.typeArticleen
dc.page.number115-128en
dc.contributor.authorAffiliationen
dc.identifier.eissn2082-6737
dc.referencesBeck R., Fidora M., (2008), The impact of Sovereign Wealth Funds on Global Financial Markets, ECB, Occasional Paper Series No.91en
dc.referencesEizenman J., Glick R. (2007), Sovereign Wealth Funds: Stumbling Blocks or Stepping Stones to Financial Globalization?, FRBSF Economic Letter, Number 2007-38en
dc.referencesGieve J., (2008), Sovereign Wealth Funds and Global Imbalances, Bank of Englanden
dc.referencesGilson R.J., Milhaupt C.J. (2008), Sovereign Wealth Funds and Corporate Governance: A Minimalist Response to the New Mercantilism, ‘Stanford Law Review’, Vol.60en
dc.referencesHeyward P. (2008), Sovereign Wealth Fund Investment in US Financial Institutions: Too Much or Not Enough?, ‘Banking & Financial Services Policy Report’, Volume 27, Number 5en
dc.referencesInternational Monetary Fund, (2008), Sovereign Wealth Funds - A Work Agendaen
dc.referencesLyons G. (2007), State capitalism- The rise of Sovereign Wealth Funds, ‘Journal of Management Research’, Volume 7, Number 3en
dc.referencesMiracky W., Dyer D., Fisher D., Goldner T., Legarde L., Piedrahita V., (2008), Assessing the Risk, The behaviors of sovereign wealth funds in the global economy, Monitor Company Groupen
dc.referencesMorgan Stanley (2007), How Big Could Sovereign Wealth Funds be by 2015?, Morgan Stanley Research Globalen
dc.referencesOECD, (2008), Sovereign Developments Funds, OECD Development Centre Policy Insights, No. 58en
dc.referencesTruman E.M., (2008), The Rise of Sovereign Wealth Funds: Impact on US Foreign Policy and Economic Interests, Peterson Institute for International Economics, Washington, DCen
dc.identifier.doi10.2478/v10103-009-0007-6en
dc.relation.volume12


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