Sovereign Wealth Funds.


Thomas N. Carson
Bok Engelsk 2008 · Electronic books.
Omfang
1 online resource (381 pages)
Utgave
1st ed.
Opplysninger
Intro -- SOVEREIGN WEALTH FUNDS -- SOVEREIGN WEALTH FUNDS -- CONTENTS -- PREFACE -- SOVEREIGN WEALTH FUNDS:BACKGROUND AND POLICY ISSUESFOR CONGRESS* -- ABSTRACT -- INTRODUCTION -- BACKGROUND -- What Are Sovereign Wealth Funds (SWFs)? -- What Countries Operate SWFs? -- The Size of SWFs -- POLICY ISSUES FOR CONGRESS -- Transparency and Governance-Related Concerns -- Non-Commercial Investment Motives -- U.S. AND INTERNATIONAL POLICY RESPONSES TO SWFS -- United States -- Europe -- Multilateral -- REFERENCES -- CHINA'S SOVEREIGN WEALTH FUND* -- ABSTRACT -- INTRODUCTION -- POLICY RESPONSES TO SWFS -- ADMINISTRATIVE DETAILS OF THE CHINAINVESTMENT CORPORATION -- CIC's Management Team -- CIC's Working Capital -- INVESTMENT ACTIVITIES OF CHINA'SSOVEREIGN WEALTH FUND -- CIC's Existing Investments -- IMPLICATIONS FOR CHINA'S ECONOMY -- IMPLICATIONS FOR GLOBAL FINANCIAL MARKETSAND THE U.S. ECONOMY -- CONGRESSIONAL CONSIDERATIONS -- REFERENCES -- STATE CAPITALISM:THE RISE OF SOVEREIGN WEALTH FUNDS -- 1. THE IMPACT AND IMPLICATIONS -- 1a. Introduction -- 1b. Scale - the Super Seven -- 1c. Rapid Growth Rates and Future Size -- 1d. Secrecy and Accountability -- 1e. Implications - Strategic Behaviour -- 1f. Implications - Protectionist Stance -- 1g. Implications - Market Impact -- 1h. Implications - Need for Ground Rules -- SECTION 2: THE LARGEST SOVEREIGN WEALTH FUNDS -- 2a. Selection Criteria -- 2b. Methodology -- 2c. Summary of Findings -- 2d. Age -- 2e. Source of Funds -- 2f. Scale -- 2g. Aim -- 2h. Governance -- 2i. Investment Activity -- 2k. Growth Rates -- TOP 22 SOVEREIGN WEALTH FUNDS -- 1. Abu Dhabi Investment Authority (UAE) -- 2. Government Pension Fund - Global (Norway) -- 3. Government of Singapore Investment Corporation -- 4. Kuwait Investment Authority -- 5. China Investment Corporation -- 6. Stabilization Fund (Russia).. - 2. Increasing Foreign Government Ownership of Our Market Economy -- CONCLUSION -- FOREIGN GOVERNMENT INVESTMENT IN THE U.S.ECONOMY AND FINANCIAL SECTOR:JOINT HEARING BEFORE THE SUBCOMMITTEE ONDOMESTIC AND INTERNATIONAL MONETARY POLICY,TRADE, AND TECHNOLOGY AND THESUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE,AND GOVERNMENT SPONSORED ENTERPRISES OFTHE COMMITTEE ON FINANCIAL SERVICES -- STATEMENT OF DAVID H.MCCORMICK,UNDER SECRETARY FOR INTERNATIONAL AFFAIRS,U.S. DEPARTMENT OF THE TREASUR -- STATEMENT OF ETHIOPIS TAFARA, DIRECTOR,OFFICE OF INTERNATIONAL AFFAIRS, U.S. SECURITIESAND EXCHANGE COMMISSION -- STATEMENT OF SCOTT G. ALVAREZ, GENERAL COUNSEL,BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM -- STATEMENT OF MARTIN SKANCKE, DIRECTOR GENERAL,ASSET MANAGEMENT DEPARTMENT, NORWEGIANMINISTRY OF FINANCE -- STATEMENT OF SIMON CLAUDE ISRAEL, EXECUTIVEDIRECTOR, TEMASEK HOLDINGS (PRIVATE) LIMITED -- STATEMENT OF DAVID DENISON, PRESIDENT AND CEO,CANADA PENSION PLAN INVESTMENT BOARD -- STATEMENT OF MATTHEW SLAUGHTER, PROFESSOR,TUCK SCHOOL OF BUSINESS, DARTMOUTH COLLEGE -- APPENDIX -- STATEMENT OF SCOTT G.ALVAREZ, GENERALCOUNSEL, BOARD OF GOVERNORS OF THEFEDERAL RESERVE SYSTEM BEFORE THECOMMITTEE ON BANKING,HOUSING, AND URBANAFFAIRS UNITED STATES SENATE -- SOVEREIGN WEALTH FUNDS -- INVESTMENTS OF SOVEREIGN WEALTH FUNDS IN U.S.FINANCIAL SERVICES COMPANIES -- THRESHOLDS FOR FEDERAL RESERVE REVIEW -- INVESTMENTS OF SOVEREIGN WEALTH FUNDS IN FOREIGNBANKING ORGANIZATIONS -- THE FEDERAL RESERVE'S APPROACH TO FOREIGNGOVERNMENT OWNERSHIP -- REGULATION OF BANK HOLDING COMPANIES -- CONCLUSION -- REFERENCES -- INVESTMENTS AND ACQUISITIONS IN THE UNITEDSTATES BY GOVERNMENT ENTITIES, TESTIMONYBY ALAN LARSON, SENIOR INTERNATIONALPOLICY ADVISOR,COVINGTON &amp -- BURLING LLP,BEFORE THE SENATE COMMITTEE ON BANKING,HOUSING AND URBAN AFFAIRS,NOVEMBER 14, 2007.. - 7. Temasek Holdings (Singapore) -- 8. Qatar Investment Authority -- 9. Revenue Regulation Fund (Algeria) -- 10. Permanent Reserve Fund (Alaska) -- 11. Libyan Investment Authority -- 12. Brunei Investment Agency -- 13. Khazanah Nasional (Malaysia) -- 14. Korea Investment Corporation -- 15. National Development Fund (Venezuela) -- 16. Alberta Heritage Savings Trust Fund (Canada) -- 17. National Stabilization Fund (Taiwan) -- 18. National Fund (Kazakhstan) -- 19. Economic and Social Stabilization Fund (Chile) -- 20. Istithmar (Dubai/UAE) -- 21. Dubai International Capital (UAE) -- 22. State General Reserve Fund (Oman) -- APPENDIX I. THE FUTURE FUND (AUSTRALIA) -- II.GOVERNMENT PENSION FUND (THAILAND) -- III. PENSION GUARANTEE FUND (CHILE) -- IV. BOTSWANA PULA FUND -- V. STATE OIL FUND (AZERBAIJAN) -- VI.HERITAGE AND STABILIZATION FUND(TRINIDAD &amp -- TOBAGO) -- VII. FUND FOR MACROECONOMICSTABILISATION (VENEZUELA) -- VIII. REVENUE EQUALIZATION FUND (KIRIBATI) -- IX. FOREIGN EXCHANGE RESERVE FUND (IRAN) -- REFERENCES -- SOVEREIGN WEALTH FUND ACQUISITIONS ANDOTHER FOREIGN GOVERNMENT INVESTMENTS INTHE UNITED STATES:ASSESSING THE ECONOMICAND NATIONAL SECURITY IMPLICATIONS:TESTIMONY BEFORE THE COMMITTEE ONBANKING,HOUSING, AND URBAN AFFAIRS,UNITEDSTATES SENATE, NOVEMBER 14, 2007 -- APPENDIX. SCOREBOARD FOR SOVEREIGN WEALTH FUNDS -- Structure (8)5 -- Transparency and Accountability (12) -- REFERENCE -- TESTIMONY OF PATRICK A.MULLOY BEFORE THESENATE COMMITTEE ON BANKING, HOUSING &amp -- URBAN AFFAIRS HEARING ON "SOVEREIGNWEALTH FUND ACQUISITIONS AND OTHERFOREIGN GOVERNMENT INVESTMENTS IN THEU.S.:ASSESSING THE ECONOMIC AND NATIONALSECURITY IMPLICATIONS",NOVEMBER 14, 2007 -- INTRODUCTION -- PRIOR OVERSIGHT HEARINGS -- SOVEREIGN WEALTH FUNDS -- PROBLEMS FOR THE U.S. WITH SOVEREIGN WEALTH FUNDS -- 1. Purchases of Strategic Assets and Technologies.. - THE BENEFITS FOR FOREIGN INVESTMENTIN THE UNITED STATES -- GOVERNMENT INVESTMENT ENTITIES: NOT A NEWPHENOMENON, A VARIETY OF SHAPES -- REASONS FOR FOREIGN GOVERNMENT ENTITIES TO INVEST INTHE UNITED STATES -- THE DEMAND FOR INVESTMENTS AND ACQUISITIONS IN THEUNITED STATES IS LIKELY TO GROW -- POLICY ISSUES:GLOBAL IMBALANCES AND TRANSPARENCY -- POLICY ISSUES: THE FOREIGN INVESTMENT AND NATIONALSECURITY ACT OF 2007 (FINSA) -- CONCLUSION -- SOVEREIGN WEALTH FUNDS AND IMPLICATIONSFOR POLICY, TESTIMONY BY JAGDISH BHAGWATI,BEFORE THE SENATE FOREIGN RELATIONSCOMMITTEE,WEDNESDAY,11THJUNE 2008* -- SOVEREIGN WEALTH FUNDS -- ANXIETY OVER SWFS -- PUBLIC POLICY ON SW FS: PUTTING IT INTO CONTEXT -- WHICH WAY FOR US POLICY ON SWFS -- U.S. REGULATORY FRAMEWORK FOR ASSESSINGSOVEREIGN INVESTMENTS, TESTIMONY BYJEANNE S. ARCHIBALD, DIRECTOR,INTERNATIONAL TRADE PRACTICE, HOGAN &amp -- HARTSON LLP, BEFORE THE SENATECOMMITTEE ON BANKING, HOUSING AND URBANAFFAIRS,APRIL 24, 2008 -- THE FOREIGN POLICY IMPLICATIONS OFSOVEREIGN WEALTH FUNDS -- BACKGROUND -- THE PATTERN OF SOVEREIGN WEALTH FUND INVESTMENTS -- OVERALL EFFECTS ON U.S. FOREIGN POLICY -- EFFECTS ON DEMOCRACY PROMOTION -- TESTIMONY OF DAVID MARCHICK,MANAGINGDIRECTOR AND GLOBAL HEAD OF REGULATORYAFFAIRS, THE CARLYLE GROUP, BEFORE THE UNITEDSTATES SENATE,COMMITTEE ON FOREIGNRELATIONS,JUNE 11, 2008* -- HISTORICAL CONTEXT FOR THIS DEBATE -- SWFS AND FOREIGN POLICY -- CARLYLE'S EXPERIENCE WITH GOVERNMENTINVESTMENT ORGANIZATIONS -- SUMMARY -- TESTIMONY OF DAVID MARCHICK,MANAGINGDIRECTOR AND GLOBAL HEAD OF REGULATORYAFFAIRS, THE CARLYLE GROUP, BEFORE THEUNITED STATES SENATE, COMMITTEE ONBANKING, HOUSING, AND URBAN AFFAIRS,APRIL 24, 2008.. - THE REGULATORY FRAMEWORK FOR SOVEREIGNINVESTMENTS, TESTIMONY BEFORE THECOMMITTEE ON BANKING, HOUSING, AND URBANAFFAIRS, UNITED STATES SENATE,APRIL 24, 2008,BY ETHIOPIS TAFARA, DIRECTOR, OFFICE OFINTERNATIONAL AFFAIRS, U.S. SECURITIES ANDEXCHANGE COMMISSION -- U.S. SENATE COMMITTEE ON FOREIGNRELATIONS, SENATOR RICHARD G.LUGAR,OPENING STATEMENT FOR HEARING ONSOVEREIGN WEALTH FUNDS, JUNE 11, 2008 -- STATEMENT OF CHAIRMAN DODD, "TURMOIL INU.S. CREDIT MARKETS: EXAMINING THE U.S.REGULATORY FRAMEWORK FOR ASSESSINGSOVEREIGN INVESTMENTS"* -- THE COMMITTEE ON FOREIGN INVESTMENT INTHE UNITED STATES (CFIUS)* -- ABSTRACT -- BACKGROUND -- ESTABLISHMENT OF CFIUS -- THE "EXON-FLORIO" PROVISION -- TREASURY DEPARTMENT REGULATIONS -- THE "BYRD AMENDMENT" -- THE AMENDED CFIUS PROCESS -- Procedures -- Factors for Consideration -- Confidentiality Requirements -- Mitigation and Tracking -- CFIUS SINCE EXON-FLORIO -- IMPACT OF THE EXON-FLORIO PROCESS ON CFIUS -- CONCLUSIONS -- REFERENCES -- INDEX.
Emner
Sjanger
ISBN
9781613241189
ISBN(galt)

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