Book description
The global financial crisis that erupted in August 2007 has shed new light on the role of official investors and the assets they manage. In many countries, governments and government-owned entities were called upon to address crises that emerged due to the mismanagement of risk in the private sector. Yet official investors and public institutions need to manage risks of their own – risks that in many cases are unique to them.
Sovereign Risk Management focuses on how official investors should respond to the new challenges they face in managing diverse forms of risk in the aftermath of the crisis. The book includes the insights of a carefully selected roster of experts and practitioners on the management of market, political and regulatory risk.
What is the role of central bank reserves and sovereign wealth funds in managing risks to the domestic economy and financial system?
How can public assets best be invested over the long-term to manage future risks?
How can risks most effectively be identified and managed in the official-sector context?
Sovereign Risk Management focuses on the unique risks faced by sovereign wealth funds and other official investors, and how these risks are changing in the post-crisis financial and political landscape.
Book details
- ISBN
- 9781902182636
- Publish date
- 24 Nov 2009
- Format
- Paperback
- Size
- 170mm x 245mm
Editor biography
Malan Rietveld
Malan Rietveld is assistant editor of Central Banking quarterly journal and writes on monetary policy, reserve and sovereign wealth management, politics and economics. He is co-editor (with Jennifer Johnson-Calari) of Sovereign Wealth Management, published by Central Banking Publications in 2007. He holds masters degrees in economics and economic history from the University of Leuven and the London School of Economics respectively.
Table of contents
Sovereign wealth and the global credit crisis: a review
Malan Rietveld
Editor
Lessons for long-term investors: how will pension funds change after the crisis?
Amin Rajan
CEO, CREATE
Towards new models for sovereign investing in Asia
Donghyun Park
Senior Economist, Asian Development Bank
The role of sovereign wealth in strengthening China’s public pension system
Zheng Bingwen
Deputy President and Professor, Graduate School of the Chinese Academy of Social Science
Strengthening the role of sovereign shareholders
Peter Hahn
FME Fellow, Corporate Finance & Governance, Cass Business School
Organising the risk-management function in the official-sector context
Ludek Niedermayer
Former Vice Governor, Czech National Bank
Managing macrofinancial risk in an asset-liability framework
Dale Gray
Senior Risk Expert, Monetary and Capital Markets Department, International Monetary Fund
Interview: managing new risks to sovereign portfolios
Martin Skancke
Asset Management Department, Norwegian Ministry of Finance
New approaches to managing foreign-exchange risks
Arjan Berkelaar and Roberto de Beaufort
Investment Officers, World Bank Treasury
The global financial crisis and the role of sovereign investors in the Gulf
Nasser Saidi
Chief Economist, Dubai International Financial Centre
Singapore’s sovereign wealth funds: a model for regulation and governance
Yvonne Lee
Assistant Professor, National University of Singapore
A Chinese perspective of the regulation of sovereign wealth funds
Hong Li
Doctoral Candidate, Shanghai University of Finance and Economics
Legal risks for sovereign wealth funds
Efraim Chalamish
Fellow, New York University Law School
Reassessing political risk after Santiago and the global financial crisis
Sven Behrent
Associate Scholar, Carnegie Middle East Centre
