DocumentCode
2547082
Title
Notice of Retraction
Impact and implications of sovereign wealth funds in internaional finance market
Author
Heng Wang
Author_Institution
Sch. of Int. Econ. & Trade, Shandong Univ. of Finance, Jinan, China
fYear
2010
fDate
16-18 April 2010
Firstpage
463
Lastpage
466
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Over the recent period, many emerging market economies and commodity-exporting nations are accumulating unprecedented amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of sovereign wealth fund. Our particular focus will be on exploring whether the investment activities of these sovereign wealth funds were conducive or inimical to financial stability. Also, what are some of the other important implications of the investments of these funds in terms of asset prices, exchange rate movements and emerging new international financial architecture? By outlining sovereign wealth funds possible impact on international financial stability, we conclude that sovereign wealth funds are long-term investors who can play a stabilizing role in financial markets by supplying liquidity and reducing market volatility. Sovereign wealth funds are also contributing to the gradual unwinding of global imbalances as they gradually diversify their portfolios.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Over the recent period, many emerging market economies and commodity-exporting nations are accumulating unprecedented amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of sovereign wealth fund. Our particular focus will be on exploring whether the investment activities of these sovereign wealth funds were conducive or inimical to financial stability. Also, what are some of the other important implications of the investments of these funds in terms of asset prices, exchange rate movements and emerging new international financial architecture? By outlining sovereign wealth funds possible impact on international financial stability, we conclude that sovereign wealth funds are long-term investors who can play a stabilizing role in financial markets by supplying liquidity and reducing market volatility. Sovereign wealth funds are also contributing to the gradual unwinding of global imbalances as they gradually diversify their portfolios.
Keywords
economics; exchange rates; international finance; international trade; investment; asset price; commodity-exporting nation; exchange rate movement; financial stability; foreign exchange reserves; global imbalance; international finance market; international financial architecture; investment activity; long-term investor; market economy; market liquidity; market volatility; sovereign wealth fund; Asset management; Crisis management; Disaster management; Exchange rates; Finance; Financial management; Government; Investments; Portfolios; Stability; capital inflows; financial stability; foreign exchange reserves; investment volume; sovereign wealth funds;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-5263-7
Type
conf
DOI
10.1109/ICIME.2010.5477764
Filename
5477764
Link To Document