Research Article
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Year 2019, , 1 - 38, 31.01.2019
https://doi.org/10.25295/fsecon.2019.01.001

Abstract

References

  • Ahmadov, Ingilab, Tsani, Stela, & Aslanli, Kenan (2011). “Sovereign Wealth Funds as the emerging players in the global financial arena: Characteristics, risks and governance”. In Sovereign Wealth Funds: New challenges for the Caspian countries. Bakü: Revenue Watch Institute.
  • Al-Hassan, Abdullah and Papaioannou, Michael and Skancke, Martin and Sung, C. Chih, (2013). Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management. IMF Working Paper No. 13/231.
  • Alsweilem, Khalid A.; Cummine, Angela; Rietveld, Malan; Tweedie, Katherine (2015). “A comparative study of sovereign investor models: Sovereign fund profiles”. Center For International Development at Harvard University. https://projects.iq.harvard.edu/files/sovereignwealth/files/fund_profiles_final.pdf 18 Şubat 2017 Tarihinde Erişildi.
  • Amar, Jeanne (2016). “Sovereign Wealth Funds: major actors in the global economy”. http://www.oee.fr/files/swfs_briefing_paper_oee_2016.pdf 07 Mayıs 2017 Tarihinde Erişildi.
  • Anthopoulos Ilias., Pitelis, Christos and Liakou, C. (2016). The Nature, Performance and Economic Impact of Sovereign Wealth Funds. FESSUD Working Paper Series, No 135. http://fessud.eu/wp-content/uploads/2015/03/The-Nature-Performance-and-Economic-Impact-of-Sovereign-Wealth-Funds-working-paper-135.pdf 15 Ekim 2017 Tarihinde Erişildi.
  • Balaam, David N. ve Dillman, Bradford (2015). Uluslararası Ekonomi Politiğe Giriş. Ankara: Adres Yayınları.
  • Boratav, Korkut (2008). Türkiye İktisat Tarihi 1908-2007. Ankara: İmge Yayıncılık.
  • Bortolotti Bernardo, Fotak Veljko, Megginson William L. (2015). “The Rise of Sovereign Wealth Funds: Definition, Organization, and Governance”. In: Caselli S., Corbetta G., Vecchi V. (eds) Public Private Partnerships for Infrastructure and Business Development. New York: Palgrave Macmillan.
  • Braunstein, Juergen (2017). “The domestic drivers of state finance institutions: evidence from sovereign wealth funds”. Review of International Political Economy, DOI: 10.1080/09692290.2017.1382383
  • Bremmer, Ian (2010). The End Of The Free Market. New York: Portfolio.
  • Castelli, Massimiliano ve Scacciavillani, Fabio (2015). “SWFs and State investments: A preliminary general overview” In Research Handbook on Sovereign Wealth Funds and International Investment Law, Ed. Fabio Bassan, UK and USA: Edward Elgar Publishing, 9-37.
  • Clark, Peter B. ve Monk, Ashby H.B. (2015). Sovereign Development Funds: Designing High-Performance, Strategic Investment Institutions. https://papers.ssrn.com/ sol3/papers.cfm?abstract_id=2667974 06 Şubat 2017 Tarihinde Erişildi.
  • Csoma, Robert (2015).“Appreciation of the Role of Sovereign Wealth Funds in the Global Economy”. Public Finance Quarterly 2: 270-287.
  • Cummine, Angela (2015). How Temasek has driven Singapore’s development. East Asia Forum. http://www.eastasiaforum.org/2015/02/17/how-temasek-has-driven-singapores-development/ 15 Ocak 2018 Tarihinde Erişildi.
  • Çolak, Ömer Faruk (2017). “Finansal Serbestleşmenin Tıkanıklığı ve Türkiye Varlık Fonu”. İktisat ve Toplum Dergisi 76: 8-13.
  • Eğilmez, Mahfi (2016). Kendime Yazılar, Varlık Fonu, 25 Ağustos 2016, http://www.mahfiegilmez.com/2016/08/varlk-fonu.html 25 Ocak 2018 Tarihinde Erişildi.
  • Gelb Alan, Tordo, Silvana, Halland, Håvard, Arfaa, Noora ve Smith, Gregory Smith (2014), Sovereign Wealth Funds and Long-Term Development Finance Risks and Opportunities. World Bank Policy Research Working Paper, 6776.
  • Halland, Håvard, Noel, M., Tordo, S. ve Owens-Kloper, J. J. (2016). Strategic Investment Funds Opportunities and Challenges. World Bank Policy Research Working Paper 7851.
  • Held, David ve McGrew, Anthony (2008). Küresel dönüşümler. (Çev. A. R. Güngen, A. S. Mercan, B. Özçelik, C. Boyraz, vd.). Ankara: Phoenix Yayınları. (Eserin orijinali 2000’de yayımlandı).
  • Helleiner, Eric (2009). “The geopolitics of sovereign wealth funds: An introduction”. Geopolitics 14 (2): 300-304.
  • IMF (2008). Sovereign Wealth Funds—A Work Agenda. https://www.imf.org/ external/np/pp/eng/2008/022908.pdf 15 Şubat 2017 Tarihinde Erişildi.
  • IMF (2013). Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management. https://www.imf.org/external/pubs/ft/wp/2013/ wp13231.pdf 15 Şubat 2017 Tarihinde Erişildi.
  • Kayıran, Meltem (2016). “Türkiye Varlık Fonu’nun Kuruluş Amaçları ve Yapısı Üzerine Bir Değerlendirme”. Eğitim Bilim Toplum Dergisi 14 (56): 55-90.
  • Konukman Aziz ve Şimşek, Orhan (2017). “Ulusal Varlık Fonları ve Türkiye Uygulaması”. Çalışma ve Toplum Dergisi 55: 1913-1944.
  • Kurlantzick, Joshua (2016). State Capitalism: How the Return of Statism Is Transforming the World. USA: Oxford University Press.
  • PWC (2015). The taxonomy of Sovereign Investment Funds. https://www.pwc. com/gx/en/sovereign-wealth-investment-funds/publications/assets/pwc-the-taxonomy-of-sovereign-investment-funds.pdf 10 Ekim 2017 Tarihinde Erişildi.
  • PWC (2018). The rising attractiveness of alternative asset classes for sovereign wealth funds. https://www.pwc.lu/en/alternative-investments/docs/pwc-sovereign-wealth- funds.pdf 01 Şubat 2018 Tarihinde Erişildi.
  • RDIF (2017). Successful investments with RDIF Opening the new Russia, Annual Review 2016.
  • Rozanov, Andrew (2005). “Who Holds the Wealth of Nations?” Central Banking Journal 15 (November): 52-57.
  • Schena, Patrick ve Ali, Asim (2017). Sovereign Wealth Fund Investment in Economic Transformation: Toward an Institutional Framework. World Economics, 18(1): 123-144.
  • Scholte, Jan A. (2005). Globalization a critical introduction. (Second Edition). New York: Palgrave Macmillan.
  • SIL (2016). The Sky Did Not Fall. Sovereign Wealth Fund Annual Report. http://www.ifswf.org/sites/default/files/Bocconi%20SIL%202016%20Report.pdf 07 Mayıs 2017 Tarihinde Erişildi.
  • SIL (2017). Hunting Unicorns. Sovereign Wealth Fund Annual Report. http:// www.ifswf.org/sites/default/files/report_SIL_2017.pdf 30 Eylül 2017 Tarihinde Erişildi.
  • SWF Institute, http://www.swfinstitute.org/ 05 Kasım 2017 ve 25 Ocak 2018 Tarihinde Erişildi.
  • Şenses, Fikret (2017). İktisada (Farklı Bir) Giriş. İstanbul: İletişim Yayınları.
  • Şimşek, Orhan (2017). Küreselleşme ve Yeni Devlet Kapitalizminin Yükselişi. Ankara: Türk Metal Sendikası Araştırma ve Eğitim Yayınları, No. 7.
  • Temasek (2017). Review 2017. http://www.temasek.com.sg/documents/download/ downloads/20170709011245/temasek-review-2017.pdf 10 Ocak 2018 Tarihinde Erişildi.
  • TVF, http://turkiyevarlikfonu.com.tr 20 Ocak 2018 Tarihinde Erişildi.
  • TÜİK, http://www.tuik.gov.tr/ 20 Ocak 2018 Tarihinde Erişildi.
  • UNIDO (2016). Unlocking domestic investment for industrial development. Working Paper.
  • Wang, Huiyao, & Miao, Lu (2016). China Goes Global: How China’s Overseas Investment is Transforming its Business Enterprises. Palgrave Macmillan.
  • Went, Robert (2001). Küreselleşme neoliberal iddialar, radikal yanıtlar. (Çev. E. Dinç). İstanbul: Yazın Yayıncılık.

Sovereign Wealth Funds, the New Actors of Global Economy

Year 2019, , 1 - 38, 31.01.2019
https://doi.org/10.25295/fsecon.2019.01.001

Abstract

Sovereign wealth funds, which provide a new dimension to the forms of state intervention in the economy, are the basis of this work. These state-owned funds for various macroeconomic targets are increasingly weighted in the global economy. Therefore, in the study, the rise of sovereign wealth funds will be analyzed in the context of the state's role in the economy. However, the assessments will be made about both the sovereign wealth funds operating in the national development context and Turkiye Wealth Fund.

References

  • Ahmadov, Ingilab, Tsani, Stela, & Aslanli, Kenan (2011). “Sovereign Wealth Funds as the emerging players in the global financial arena: Characteristics, risks and governance”. In Sovereign Wealth Funds: New challenges for the Caspian countries. Bakü: Revenue Watch Institute.
  • Al-Hassan, Abdullah and Papaioannou, Michael and Skancke, Martin and Sung, C. Chih, (2013). Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management. IMF Working Paper No. 13/231.
  • Alsweilem, Khalid A.; Cummine, Angela; Rietveld, Malan; Tweedie, Katherine (2015). “A comparative study of sovereign investor models: Sovereign fund profiles”. Center For International Development at Harvard University. https://projects.iq.harvard.edu/files/sovereignwealth/files/fund_profiles_final.pdf 18 Şubat 2017 Tarihinde Erişildi.
  • Amar, Jeanne (2016). “Sovereign Wealth Funds: major actors in the global economy”. http://www.oee.fr/files/swfs_briefing_paper_oee_2016.pdf 07 Mayıs 2017 Tarihinde Erişildi.
  • Anthopoulos Ilias., Pitelis, Christos and Liakou, C. (2016). The Nature, Performance and Economic Impact of Sovereign Wealth Funds. FESSUD Working Paper Series, No 135. http://fessud.eu/wp-content/uploads/2015/03/The-Nature-Performance-and-Economic-Impact-of-Sovereign-Wealth-Funds-working-paper-135.pdf 15 Ekim 2017 Tarihinde Erişildi.
  • Balaam, David N. ve Dillman, Bradford (2015). Uluslararası Ekonomi Politiğe Giriş. Ankara: Adres Yayınları.
  • Boratav, Korkut (2008). Türkiye İktisat Tarihi 1908-2007. Ankara: İmge Yayıncılık.
  • Bortolotti Bernardo, Fotak Veljko, Megginson William L. (2015). “The Rise of Sovereign Wealth Funds: Definition, Organization, and Governance”. In: Caselli S., Corbetta G., Vecchi V. (eds) Public Private Partnerships for Infrastructure and Business Development. New York: Palgrave Macmillan.
  • Braunstein, Juergen (2017). “The domestic drivers of state finance institutions: evidence from sovereign wealth funds”. Review of International Political Economy, DOI: 10.1080/09692290.2017.1382383
  • Bremmer, Ian (2010). The End Of The Free Market. New York: Portfolio.
  • Castelli, Massimiliano ve Scacciavillani, Fabio (2015). “SWFs and State investments: A preliminary general overview” In Research Handbook on Sovereign Wealth Funds and International Investment Law, Ed. Fabio Bassan, UK and USA: Edward Elgar Publishing, 9-37.
  • Clark, Peter B. ve Monk, Ashby H.B. (2015). Sovereign Development Funds: Designing High-Performance, Strategic Investment Institutions. https://papers.ssrn.com/ sol3/papers.cfm?abstract_id=2667974 06 Şubat 2017 Tarihinde Erişildi.
  • Csoma, Robert (2015).“Appreciation of the Role of Sovereign Wealth Funds in the Global Economy”. Public Finance Quarterly 2: 270-287.
  • Cummine, Angela (2015). How Temasek has driven Singapore’s development. East Asia Forum. http://www.eastasiaforum.org/2015/02/17/how-temasek-has-driven-singapores-development/ 15 Ocak 2018 Tarihinde Erişildi.
  • Çolak, Ömer Faruk (2017). “Finansal Serbestleşmenin Tıkanıklığı ve Türkiye Varlık Fonu”. İktisat ve Toplum Dergisi 76: 8-13.
  • Eğilmez, Mahfi (2016). Kendime Yazılar, Varlık Fonu, 25 Ağustos 2016, http://www.mahfiegilmez.com/2016/08/varlk-fonu.html 25 Ocak 2018 Tarihinde Erişildi.
  • Gelb Alan, Tordo, Silvana, Halland, Håvard, Arfaa, Noora ve Smith, Gregory Smith (2014), Sovereign Wealth Funds and Long-Term Development Finance Risks and Opportunities. World Bank Policy Research Working Paper, 6776.
  • Halland, Håvard, Noel, M., Tordo, S. ve Owens-Kloper, J. J. (2016). Strategic Investment Funds Opportunities and Challenges. World Bank Policy Research Working Paper 7851.
  • Held, David ve McGrew, Anthony (2008). Küresel dönüşümler. (Çev. A. R. Güngen, A. S. Mercan, B. Özçelik, C. Boyraz, vd.). Ankara: Phoenix Yayınları. (Eserin orijinali 2000’de yayımlandı).
  • Helleiner, Eric (2009). “The geopolitics of sovereign wealth funds: An introduction”. Geopolitics 14 (2): 300-304.
  • IMF (2008). Sovereign Wealth Funds—A Work Agenda. https://www.imf.org/ external/np/pp/eng/2008/022908.pdf 15 Şubat 2017 Tarihinde Erişildi.
  • IMF (2013). Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management. https://www.imf.org/external/pubs/ft/wp/2013/ wp13231.pdf 15 Şubat 2017 Tarihinde Erişildi.
  • Kayıran, Meltem (2016). “Türkiye Varlık Fonu’nun Kuruluş Amaçları ve Yapısı Üzerine Bir Değerlendirme”. Eğitim Bilim Toplum Dergisi 14 (56): 55-90.
  • Konukman Aziz ve Şimşek, Orhan (2017). “Ulusal Varlık Fonları ve Türkiye Uygulaması”. Çalışma ve Toplum Dergisi 55: 1913-1944.
  • Kurlantzick, Joshua (2016). State Capitalism: How the Return of Statism Is Transforming the World. USA: Oxford University Press.
  • PWC (2015). The taxonomy of Sovereign Investment Funds. https://www.pwc. com/gx/en/sovereign-wealth-investment-funds/publications/assets/pwc-the-taxonomy-of-sovereign-investment-funds.pdf 10 Ekim 2017 Tarihinde Erişildi.
  • PWC (2018). The rising attractiveness of alternative asset classes for sovereign wealth funds. https://www.pwc.lu/en/alternative-investments/docs/pwc-sovereign-wealth- funds.pdf 01 Şubat 2018 Tarihinde Erişildi.
  • RDIF (2017). Successful investments with RDIF Opening the new Russia, Annual Review 2016.
  • Rozanov, Andrew (2005). “Who Holds the Wealth of Nations?” Central Banking Journal 15 (November): 52-57.
  • Schena, Patrick ve Ali, Asim (2017). Sovereign Wealth Fund Investment in Economic Transformation: Toward an Institutional Framework. World Economics, 18(1): 123-144.
  • Scholte, Jan A. (2005). Globalization a critical introduction. (Second Edition). New York: Palgrave Macmillan.
  • SIL (2016). The Sky Did Not Fall. Sovereign Wealth Fund Annual Report. http://www.ifswf.org/sites/default/files/Bocconi%20SIL%202016%20Report.pdf 07 Mayıs 2017 Tarihinde Erişildi.
  • SIL (2017). Hunting Unicorns. Sovereign Wealth Fund Annual Report. http:// www.ifswf.org/sites/default/files/report_SIL_2017.pdf 30 Eylül 2017 Tarihinde Erişildi.
  • SWF Institute, http://www.swfinstitute.org/ 05 Kasım 2017 ve 25 Ocak 2018 Tarihinde Erişildi.
  • Şenses, Fikret (2017). İktisada (Farklı Bir) Giriş. İstanbul: İletişim Yayınları.
  • Şimşek, Orhan (2017). Küreselleşme ve Yeni Devlet Kapitalizminin Yükselişi. Ankara: Türk Metal Sendikası Araştırma ve Eğitim Yayınları, No. 7.
  • Temasek (2017). Review 2017. http://www.temasek.com.sg/documents/download/ downloads/20170709011245/temasek-review-2017.pdf 10 Ocak 2018 Tarihinde Erişildi.
  • TVF, http://turkiyevarlikfonu.com.tr 20 Ocak 2018 Tarihinde Erişildi.
  • TÜİK, http://www.tuik.gov.tr/ 20 Ocak 2018 Tarihinde Erişildi.
  • UNIDO (2016). Unlocking domestic investment for industrial development. Working Paper.
  • Wang, Huiyao, & Miao, Lu (2016). China Goes Global: How China’s Overseas Investment is Transforming its Business Enterprises. Palgrave Macmillan.
  • Went, Robert (2001). Küreselleşme neoliberal iddialar, radikal yanıtlar. (Çev. E. Dinç). İstanbul: Yazın Yayıncılık.
There are 42 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Kerem Kerkez 0000-0003-0101-8280

Publication Date January 31, 2019
Published in Issue Year 2019

Cite

APA Kerkez, K. (2019). Sovereign Wealth Funds, the New Actors of Global Economy. Fiscaoeconomia, 3(1), 1-38. https://doi.org/10.25295/fsecon.2019.01.001

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