Columbia University Press
Sovereign Wealth Funds in Resource Economies
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About this book
Author / Editor information
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
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.
Topics
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Frontmatter
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Contents
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Acknowledgments
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List of Tables and Figures
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Introduction
1 - Part One. An Institutional Perspective on Resource Economies and the Role of Sovereign Wealth Funds
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Chapter One. The Most Disadvantageous Lottery in the World
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Chapter Two. Getting to Denmark
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Chapter Three. Guardians of the Future Against the Claims of the Present
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Chapter Four. To Be Boring
88 - Part Two. Rule- Based Fiscal Policies for Sovereign Wealth Funds
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Chapter Five. It’s (Still) Mostly Fiscal
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Chapter Six. Integrated Fiscal Rules for Sovereign Wealth Funds
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Chapter Seven. Governing the Fiscal Rule
156 - Part Three. The Governance of Operationally Independent Sovereign Investment Institutions
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Chapter Eight. Public Footprints in Private Markets
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Chapter Nine. Shadows and Siren Calls
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Chapter Ten. Summary
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Notes
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References
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Index
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