标题：RETRACTED ARTICLE: Impact and implications of sovereign wealth funds in internaional finance market
作者机构：[Wang, Heng ] School of International Economics and Trade, Shandong University of Finance, Jinan, China
会议名称：2010 2nd IEEE International Conference on Information Management and Engineering, ICIME 2010
会议日期：April 16, 2010 - April 18, 2010
来源：ICIME 2010 - 2010 2nd IEEE International Conference on Information Management and Engineering
摘要：Over the recent period, many emerging market economies and commodity-exporting nations are accumulating unprecedented amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of sovereign wealth fund. Our particular focus will be on exploring whether the investment activities of these sovereign wealth funds were conducive or inimical to financial stability. Also, what are some of the other important implications of the investments of these funds in terms of asset prices, exchange rate movements and emerging new international financial architecture? By outlining sovereign wealth funds possible impact on international financial stability, we conclude that sovereign wealth funds are long-term investors who can play a stabilizing role in financial markets by supplying liquidity and reducing market volatility. Sovereign wealth funds are also contributing to the gradual unwinding of global imbalances as they gradually diversify their portfolios. © 2010 IEEE.