New Wealth, New Wisdom: Understanding the Changing Profile of Countries Creating Sovereign Wealth Funds

Abstract

Sovereign wealth funds (SWFs) are among the most innovative and least-studied economic policy tools governments have at their disposal. At its essence, the question of why a country creates a SWF is about whether a government should save or spend.Despite the importance of SWFs to governments and global markets, the economic and x

The Electoral Temptations of Natural Resource Revenues: Towards a Theory on the Origins of Sovereign Wealth Funds in Canada

“…As Gouett (2016) Canada's SWFs should also be independently managed. As provinces do not have central banks to which they can vest the responsibility for fund management, they should create independent organizations that are completely free from political interference.…”