Sovereign Wealth Funds in an Evolving Global Financial System

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Sovereign Wealth Funds in an Evolving Global
Financial System

• Hosted by
• Centre for Applied Macroeconomic Analysis, ANU
• and
• Lowy Institute for International Policy
• 24-25 September 2008

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Platinum Sponsor
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Gold Sponsors

UBS (Australia)
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Questions

• What is a sovereign wealth fund (SWF)?
• How large are SWFs and how do they influence the
  global economy and national economies?
• Macroeconomic, financial, political

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Questions

• What are the sources of funds in SWFs?
• Current/capital account surpluses
• Commodity income funds
• Fiscal surpluses for future liabilities

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Questions

• What determines the investment strategy of SWFs
  and does it matter?
• Time horizons
• Risk taking
• Leverage
• Does this help or worsen system stability?

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Questions

• What are the Governance Arrangements of SWFs and
  does it matter?
• How Transparent are SWFs and does it matter?

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Questions

• Are there Global Policy Issues?
• Global competition policy
• Global financial management
• International Relations and the multilateral
  system

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Questions

• Are their National Policy Issues in Recipient
  Countries?
• Anti competition effects
• Foreign Investment policy
• Under developed economies with weak regulatory
  frameworks

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Conference Structure

• Presentations for 1.5 days
• Open session at 1pm Friday