Sovereign wealth funds in theory and practice

Sovereign Wealth Funds (SWFs) have been currently becoming a more and more important part of the international financial system. These institutions administrated more than USD 6 trillion under their asset management as of the end of 2013. SWFs are the funds owned by a state, set up for various macroeconomic purposes. Usually, they are financed through the transfer of foreign currency assets which are mainly long-term investments abroad. This book focuses on global SWFs from both the theoretical and empirical point of view. Moreover, it discusses a theoretical set-up of a SWF in the Czech Republic. However, there is no offer made by politicians to set up a SWF in the Czech Republic, nor any demand from the side of their voters. The simple language of the book renders it accessible for both experts and the public.