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Bullion

Keywords

Sovereign wealth fund, Global perspective.

Abstract

The study explores the the global rise in the operation of sovereign wealth funds in a number of commodity and non commodity exporting counties has been of tremendous magnitude. The fact that, most, if not all the oil exporting countries of the world today have SWF clearly confirms the many benefits of having a sovereign wealth fund. Section two of the paper provides a brief review of literature. Section three discusses the rationale for SWFs with some stylized facts. The impact of SWFs on the economy is discussed in section four, section five discusses the significance of SWFs while, an overview of other countries' SWFs is discussed in section six and section seven concludes the paper.

Author Bio

The author is a staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Bullion.

Issue

2 - 4

Volume

38

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