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The Political Economy of Sovereign Wealth FundsSovereign Wealth Funds in the United Arab Emirates

The Political Economy of Sovereign Wealth Funds: Sovereign Wealth Funds in the United Arab Emirates [The phantom of sovereign wealth funds (SWFs) looms ominously over the United Arab Emirates (UAE) because it allegedly controls a significant portion of all such global funds. Simply stated, it is mistakenly assumed that the UAE is one of those countries that holds ‘foreign assets far in excess of anything needed to respond to financial contingencies’ and, consequently, because Emirati leaders may ‘feel pressure to deploy them strategically or at least to earn higher returns than those available in US Treasury bills or their foreign equivalents’ (Summers 2007, p. 10).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Sovereign Wealth FundsSovereign Wealth Funds in the United Arab Emirates

Part of the International Political Economy Series Book Series
Editors: Yi-chong, Xu; Bahgat, Gawdat
Kéchichian, Joseph A
The Political Economy of Sovereign Wealth Funds — Aug 7, 2010
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2010
ISBN
978-1-349-31681-6
Pages
88 –112
DOI
10.1057/9780230290648_5
Publisher site
See Chapter on Publisher Site

Abstract

[The phantom of sovereign wealth funds (SWFs) looms ominously over the United Arab Emirates (UAE) because it allegedly controls a significant portion of all such global funds. Simply stated, it is mistakenly assumed that the UAE is one of those countries that holds ‘foreign assets far in excess of anything needed to respond to financial contingencies’ and, consequently, because Emirati leaders may ‘feel pressure to deploy them strategically or at least to earn higher returns than those available in US Treasury bills or their foreign equivalents’ (Summers 2007, p. 10).]

Published: Aug 7, 2010

Keywords: United Arab Emirate; Private Equity; Foreign Asset; Gulf Cooperation Council; Investment Company

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