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2009
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SWFs (Sovereign wealth funds) Funds, Sovereign wealthCiter ce document
Jean-Paul Betbèze, « Sovereign Wealth Funds : a Solution to the Crisis ? », Revue d'économie financière, ID : 10.3406/ecofi.2009.5502
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The sovereign wealth funds (SWFs) do find themselves at the crux of a new situation. They are in the process of playing a strategic role in a crisis that the developed countries, starting with the United States, created. And they are going to take advantage of it. This is how the great world imbalance took hold : on the one hand, the wealthy countries, led by the United States, were not saving, and on the other the so-called poor countries were financing them, while at the same time importing disinflation from them, fueling low long-term nominal rates. Within this context, it may be reasoned that the best answer to SWFs is that of European funds themselves. JEL Classification : F21, F30, G01, G29