We survey the literature documenting the rise of sovereign wealth funds (SWFs), which, with
assets under management of over $5.4 trillion at year‐end 2014, are a major force in global …

This article reviews the existing literature on SWFs and the firm, focusing particular attention
on the implications of the rise of SWFs strategic agility and HRM. This paper outlines three …

We estimate an open‐economy vector autoregressive (VAR) model to study the effect of
capital‐inflow shocks on the US housing market. We look at different external shocks that …

This paper explores how the uneven recourse by national banking systems in the euro area
to the ECB's unconventional refinancing operations that led to the accumulation of large …

This paper examines whether the international role of the dollar as main global reserve
currency has contributed to persistent current account imbalances. To this end, we analyse …

Purpose This paper aims to systematically review all available evidence on the implications
of sovereign wealth funds (SWFs) for various stakeholders (recipients of sovereign …

传统的开放宏观经济学认为一国的外部财富是贸易调整的结果, 但是随着各国持有外部资产负债
总量的迅速攀升, 汇率和资产价格波动所产生的估值效应对外部财富的作用越来越显著. 近年来 …

Global Imbalances, Financial Crises, and Central Bank Policies assesses the relationships
between global imbalances, financial crises, and central bank policies, with a specific focus …

In an economy with a sovereign wealth fund (SWF), the government may draw on the fund to
supplement other government revenues. If the fund is invested in risky assets, this …

Abstract SWF surpassed US $5.5 trillion in assets in 2014, growing nine-fold since 2002.
Typically, SWFs have the choice to pursue either domestic (home) investments or abroad …