Sovereign wealth funds in resource economies : institutional and fiscal foundations
- New York Columbia University Press 2018
- 285 p.
Contiene: Introduction.- I. An Institutional Perspective on Resource Economies and the Role of Sovereign Wealth Funds: 1. The Most Disadvantageous Lottery in the World: Historic Controversies Around Natural Resources and Economic Prosperity.- 2. Getting to Denmark: Institutional and Political Problems of Resource-Dependent Economies.- 3. Guardians of the Future Against the Claims of the Present: Sovereign Wealth Funds as an Institutional Response to the Resource Curse.- 4. To Be Boring: Institutional Lessons from the Modern Monetary Consensus for Sovereign Wealth Funds.-- II. Rule-Based Fiscal Policies for Sovereign Wealth Funds: 5. It's (Still) Mostly Fiscal: Simple Fiscal Rules for Accumulating Windfall Resource Revenues in a Sovereign Wealth Fund.- 6. Integrated Fiscal Rules for Sovereign Wealth Funds: Spending, Saving, and Stabilizing Resource Revenues.- 7. Governing the Fiscal Rule: The Design and Institutional Infrastructure of Fiscal Rules for Resource Revenues.-- III. The Governance of Operationally Independent Sovereign Investment Institutions.- 8. Public Footprints in Private Markets: Institutional Arrangements in Delegated Sovereign Investment Management.- 9. Shadows and Siren Calls: Rules and Contracts in Delegated Sovereign Wealth Fund Management.- 10. Summary.