Business, Management and Accounting
4 years ago

Sovereign Wealth Funds Proven to Have No Destabilizing Effect on Markets

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RePEc: Research Papers in Economics
Sovereign Wealth Funds and Financial Stability—An Event Study Analysis
Heiko Hesse, Tao Sun

Paper Summary

The paper looks at how sovereign wealth funds affect global financial markets by studying how stock markets react to their investments and divestments. They analyzed 166 events from 1990 to 2009 and found that SWFs did not have a significant destabilizing effect on equity markets.

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