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Sovereign Wealth - No Fund: The decisive role of domestic veto players

Posted on 08 January 2010

From Polsoz.fu-berlin.de: Sovereign Wealth Funds (SWFs), government-owned investment funds, are of growing importance in international finance. They are a vehicle to manage foreign exchange reserves and wealth which have been accumulating in the emerging world, particularly in the BRICs.
However, while China and Russia set up SWFs over the last decade, India and Brazil still lack such funds. In analysing thoroughly the Indian case, this paper seeks to contribute to recent literature on the determinants of SWFs with two main findings:…………………………………….Full Article: Source


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