title: The Political Determinants of Sovereign Wealth Funds
abstract: Over the past half-century, roughly one-quarter of states in the international system have created Sovereign Wealth Funds (SWFs). As a case of sovereign states investing public money mostly in private markets across borders, it is not altogether clear why SWFs have proliferated to this extent. What explains their spread in recent decades? In this dissertation, I argue that states create SWFs as a type of insurance against external risks that arise from participating in global markets. I reason t
journal: CU Scholar (University of Colorado Boulder)