Publication detail

Sovereign wealth funds in theory and practice

Author(s): prof. PhDr. Petr Teplý Ph.D., Ing. Jan Ander
Type: Monograph
Year: 2014
Number: 0
ISSN / ISBN: ISBN 978-80-246-2420-4, ISBN 978-80-246-2442-6 (pdf)
Published in: Karolinum Press, Czech Republic
Publishing place: Prague, Czech Republic
Keywords: finance, globalisation, risk, sovereign wealth fund
JEL codes:
Suggested Citation: Ander, J., Teplý, P. (2014). Sovereign wealth funds in theory and practice. Prague: Karolinum Press
Grants: GACR 14-02108S The nexus between sovereign and bank crises VŠE IP100040
Abstract: Sovereign Wealth Funds (SWFs) have been currently becoming a more and more important part of the international financial system. These institutions administrated more than USD 6 trillion under their asset management as of the end of 2013. SWFs are the funds owned by a state, set up for various macroeconomic purposes. Usually, they are financed through the transfer of foreign currency assets which are mainly long-term investments abroad. This book focuses on global SWFs from both the theoretical and empirical point of view. Moreover, it discusses a theoretical set-up of a SWF in the Czech Republic. However, there is no offer made by politicians to set up a SWF in the Czech Republic, nor any demand from the side of their voters. The simple language of the book renders it accessible for both experts and the public.

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