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Columbia University Press

book: Sovereign Wealth Funds in Resource Economies
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Sovereign Wealth Funds in Resource Economies

Institutional and Fiscal Foundations
  • and
Language: English
Published/Copyright: 2017

About this book

Sovereign Wealth Funds in Resource Economies explains the fiscal rules and institutional structures that can make SWFs thrive, providing a practical and theoretical guide to their optimal use in resource-revenue management. Khalid Alsweilem and Malan Rietveld's institutional perspective examines both investment and disbursement strategies.

Author / Editor information

Khalid Alsweilem is a visiting scholar with Stanford University Global Projects Center. He is a former fellow at the Belfer Center at Harvard University. Alsweilem is the former chief counselor and head of investment at the Saudi Arabian Monetary Agency (SAMA). He is one of the longest serving and most successful sovereign investment practitioners, having held senior investment positions at SAMA for over two decades. Alsweilem was a lead author for three recent papers on sovereign funds models and institutions that were published by Harvard University.

Malan Rietveld is a fellow at the Columbia Center on Sustainable Investment at Columbia University and was previously a fellow at the Center for International Development at the Harvard Kennedy School. He is the editor of several books on sovereign wealth funds, including The New Frontiers of Sovereign Investment (Columbia, 2017, with Perrine Toledano). He has advised several sovereign wealth funds on governance, management, and strategic issues.

Reviews

Ashby Monk, Stanford University:
The authors reminds us that while sovereign funds often make headlines for their investments, it's their role in ensuring fiscal sustainability that is often the most impactful. It's through this important link to national objectives that this book guides the reader. It's a great read

Paul Rose, Ohio State University:
This book is the closest thing we have seen to a manual for the successful implementation of a sovereign wealth fund. It will be of great value to those thinking about how to structure and govern one.

Gary Samore, Executive Director for Research, Belfer Center for Science and International Affairs, Harvard University:
The Belfer Center has been delighted to support this significant research. Rarely has an academic research product resulted in such immediate and important impact in the real world.

Gordon L. Clark, University of Oxford:
In linking the theoretical and practical issues regarding sovereign wealth funds, the authors provide insight and knowledge few others can match. This is a readable and ambitious book—a manifesto for how to think about sovereign wealth funds in the twenty-first century.

Martin Feldstein, George F. Baker Professor of Economics, Harvard University:
This is a must-read book for anyone responsible for a sovereign wealth fund, showing how the key decisions should be part of an overall fiscal policy. There is also no better guide to how sovereign wealth funds are managed around the world.

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  • Part One. An Institutional Perspective on Resource Economies and the Role of Sovereign Wealth Funds
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  • Part Two. Rule- Based Fiscal Policies for Sovereign Wealth Funds
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  • Part Three. The Governance of Operationally Independent Sovereign Investment Institutions
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Publishing information
Pages and Images/Illustrations in book
eBook published on:
July 9, 2018
eBook ISBN:
9780231544993
Pages and Images/Illustrations in book
Other:
14 graphs
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