Managing public investment funds: best practices and new challenges
"Publicly-held pools of assets have grown dramatically over the last several years, and they are playing an increasingly prominent role in cross-national investments. This paper examines how to better secure prudent and economically sound public fund management practices, focusing on ways to fo...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2008
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
14078 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Publicly-held pools of assets have grown dramatically over the last several years, and they are playing an increasingly prominent role in cross-national investments. This paper examines how to better secure prudent and economically sound public fund management practices, focusing on ways to formulate and build a strong governance structure for managing the assets, how one might protect the assets from political interference, and what sensible investment policy might entail. We compare three distinct forms of public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight similarities and differences between these. We also explore how their management structure relates to governance practices and country-specific characteristics, drawing from the pension and corporate finance literature. Last, we discuss alternative means of managing public reserve funds in aging economies such as Japan, to help meet future social security liabilities in the face of rapid demographic aging"--National Bureau of Economic Research web site |
| Beschreibung: | 60 S. 22 cm |
Internformat
MARC
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| 520 | 8 | |a "Publicly-held pools of assets have grown dramatically over the last several years, and they are playing an increasingly prominent role in cross-national investments. This paper examines how to better secure prudent and economically sound public fund management practices, focusing on ways to formulate and build a strong governance structure for managing the assets, how one might protect the assets from political interference, and what sensible investment policy might entail. We compare three distinct forms of public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight similarities and differences between these. We also explore how their management structure relates to governance practices and country-specific characteristics, drawing from the pension and corporate finance literature. Last, we discuss alternative means of managing public reserve funds in aging economies such as Japan, to help meet future social security liabilities in the face of rapid demographic aging"--National Bureau of Economic Research web site | |
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Datensatz im Suchindex
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| id | DE-604.BV023593959 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:32Z |
| indexdate | 2024-07-09T21:25:16Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016909289 |
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| physical | 60 S. 22 cm |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Mitchell, Olivia S. 1953- Verfasser (DE-588)124552005 aut Managing public investment funds best practices and new challenges Olivia S. Mitchell ; John Piggott ; Cagri Kumru Cambridge, Mass. National Bureau of Economic Research 2008 60 S. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 14078 "Publicly-held pools of assets have grown dramatically over the last several years, and they are playing an increasingly prominent role in cross-national investments. This paper examines how to better secure prudent and economically sound public fund management practices, focusing on ways to formulate and build a strong governance structure for managing the assets, how one might protect the assets from political interference, and what sensible investment policy might entail. We compare three distinct forms of public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight similarities and differences between these. We also explore how their management structure relates to governance practices and country-specific characteristics, drawing from the pension and corporate finance literature. Last, we discuss alternative means of managing public reserve funds in aging economies such as Japan, to help meet future social security liabilities in the face of rapid demographic aging"--National Bureau of Economic Research web site Piggott, John 1947- Verfasser (DE-588)129263117 aut Kumru, Cagri Verfasser aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 14078 (DE-604)BV002801238 14078 http://papers.nber.org/papers/w14078.pdf kostenfrei Volltext |
| spellingShingle | Mitchell, Olivia S. 1953- Piggott, John 1947- Kumru, Cagri Managing public investment funds best practices and new challenges |
| title | Managing public investment funds best practices and new challenges |
| title_auth | Managing public investment funds best practices and new challenges |
| title_exact_search | Managing public investment funds best practices and new challenges |
| title_exact_search_txtP | Managing public investment funds best practices and new challenges |
| title_full | Managing public investment funds best practices and new challenges Olivia S. Mitchell ; John Piggott ; Cagri Kumru |
| title_fullStr | Managing public investment funds best practices and new challenges Olivia S. Mitchell ; John Piggott ; Cagri Kumru |
| title_full_unstemmed | Managing public investment funds best practices and new challenges Olivia S. Mitchell ; John Piggott ; Cagri Kumru |
| title_short | Managing public investment funds |
| title_sort | managing public investment funds best practices and new challenges |
| title_sub | best practices and new challenges |
| url | http://papers.nber.org/papers/w14078.pdf |
| volume_link | (DE-604)BV002801238 |
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