Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management /

This paper presents in a systematic (normative) manner the salient features of a SWF's governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the various...

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Bibliografski detalji
Glavni autor: Al-Hassan, Abdullah
Daljnji autori: Papaioannou, Michael, Skancke, Martin, Sung, Cheng Chih
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2013.
Serija:IMF Working Papers; Working Paper ; No. 2013/231
Online pristup:Full text available on IMF
Opis
Sažetak:This paper presents in a systematic (normative) manner the salient features of a SWF's governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the various governing bodies and analyzes key aspects of the investment policy and setting of the risk tolerance level in order to ensure consistent risk-bearing capacity and greater accountability. Further, it discusses the important role of SWFs in macroeconomic management and the need for close coordination with other macroeconomic and financial policies as well as their role in global financial stability.
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Opis:1 online resource (34 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students