SOVEREIGN WEALTH FUNDS. DIFFERENT ORIGINS, THE SAME GROWTH OF SIGNIFICANCE (Suwerenne fundusze inwestycyjne. Rózny rodowód, jednakowy wzrost znaczenia.)

• Authors: Slota Mateusz S.
• Languages of publication: PL

Abstracts

EN

The article provides a brief definition of the sovereign wealth funds (SWF )and a deep analysis of two SWF institutions: Abu Dhabi Investment Authority and China Investment Corporation, and their main sources of capital,the so called petrodollars and the excess currency reserves resulting from trade surpluses, respectively. The author uses these examples to illustrate the role of SWF, both those financed by the petrodollar capital and those generated thanks to the excess foreign exchange reserves, in the world economy and the current global migration of capital, as well as in the context of the latest financial crisis caused by the credit crunch in United States. Moreover, the author of the article tries to discuss the possible scenarios of sovereign wealth funds' future, not only in terms of their recent expansion, but also in the circumstances of many fears of western countries and actions that they take to prevent their economies from capital flows coming from state owned investment funds from the Middle East and Asia. The question here is whether SWF are going to maintain the position of dominant institutional investors on world's financial markets for a longer period of time or their significance is going to be diminished by the pressures from the West.

Keywords

EN

ABU DHABI INVESTMENT AUTHORITY; CHINA INVESTMENT CORPORATION; GLOBAL CAPITAL MIGRATION; PETRODOLLARS; SOVEREIGN WEALTH FUNDS; TRADE SURPLUSES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2010
• Volume: 13
• Issue: 1(46)
• Pages: 94-102
• Document type: ARTICLE

Contributors

author

Slota Mateusz S.

• Mateusz S. Slota, for postal address contact the journal editor

Identifiers

CEJSH db identifier

10PLAAAA08097