Sovereign Wealth Funds and Financial Stability-An Event Study Analysis /

This paper examines financial stability issues that arise from the increased presence of sovereign wealth funds (SWFs) in global financial markets by assessing whether and how stock markets react to the announcements of investments and divestments to firms by SWFs using an event study approach. Base...

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Détails bibliographiques
Auteur principal: Hesse, Heiko
Autres auteurs: Sun, Tao
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2009.
Collection:IMF Working Papers; Working Paper ; No. 2009/239
Accès en ligne:Full text available on IMF