Sovereign Wealth Funds in Resource Economies : : Institutional and Fiscal Foundations / / Khalid Alsweilem, Malan Rietveld.

Sovereign wealth funds (SWFs) have reached a transitional moment. Created as a way to direct excess wealth toward economic development and long-term financial returns, some countries are now seeing a decline in revenue from sources such as oil. Many SWFs are now facing a new challenge-how to spend s...

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Superior document:Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017
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Place / Publishing House:New York, NY : : Columbia University Press, , [2018]
©2017
Year of Publication:2018
Language:English
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Physical Description:1 online resource :; 14 graphs
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245 1 0 |a Sovereign Wealth Funds in Resource Economies :  |b Institutional and Fiscal Foundations /  |c Khalid Alsweilem, Malan Rietveld. 
264 1 |a New York, NY :   |b Columbia University Press,   |c [2018] 
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505 0 0 |t Frontmatter --   |t Contents --   |t Acknowledgments --   |t List of Tables and Figures --   |t Introduction --   |t Part One. An Institutional Perspective on Resource Economies and the Role of Sovereign Wealth Funds --   |t Chapter One. The Most Disadvantageous Lottery in the World --   |t Chapter Two. Getting to Denmark --   |t Chapter Three. Guardians of the Future Against the Claims of the Present --   |t Chapter Four. To Be Boring --   |t Part Two. Rule- Based Fiscal Policies for Sovereign Wealth Funds --   |t Chapter Five. It's (Still) Mostly Fiscal --   |t Chapter Six. Integrated Fiscal Rules for Sovereign Wealth Funds --   |t Chapter Seven. Governing the Fiscal Rule --   |t Part Three. The Governance of Operationally Independent Sovereign Investment Institutions --   |t Chapter Eight. Public Footprints in Private Markets --   |t Chapter Nine. Shadows and Siren Calls --   |t Chapter Ten. Summary --   |t Notes --   |t References --   |t Index 
506 0 |a restricted access  |u http://purl.org/coar/access_right/c_16ec  |f online access with authorization  |2 star 
520 |a Sovereign wealth funds (SWFs) have reached a transitional moment. Created as a way to direct excess wealth toward economic development and long-term financial returns, some countries are now seeing a decline in revenue from sources such as oil. Many SWFs are now facing a new challenge-how to spend sustainably without depleting the funds. Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management.Khalid Alsweilem and Malan Rietveld put forward an institutional perspective of SWFs as quasi-independent political and economic entities charged with managing national resource wealth, examining both investment and disbursement strategies. They advance a systematic, rule-based approach, suggesting when to accumulate and when to begin countercyclical spending based on concrete case studies. More than a mere financial portfolio, SWFs must be embedded in a credible fiscal and institutional framework if they are to contribute to improved economic performance. Alsweilem and Rietveld consider the variety of relationships that exist between SWFs and their governments, exploring the legal and policy side of the institutional approach. Their rule-based description of SWFs, since it allows tailoring and adjustment and invokes rules of thumb and best practices, is intended to be widely applicable across the diverse spectrum of global SWFs. Bringing together the practitioner perspective and scholarly expertise, this book will be invaluable for global policy makers and scholars working with sovereign wealth funds. 
530 |a Issued also in print. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) 
650 0 |a Natural resources. 
650 0 |a Sovereign wealth funds. 
650 7 |a BUSINESS & ECONOMICS / Industries / Natural Resource Extraction.  |2 bisacsh 
700 1 |a Rietveld, Malan,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
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776 0 |c print  |z 9780231183543 
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