Abstract
Sovereign Wealth Funds’ foreign investments play a pivotal role in the stabilization of international stock markets during the recent financial crisis. Using a tail risk measure, we find that SWF investments generally lead to destabilizing effects on the stock markets, however, SWFs with saving objective provides a stabilising impact especially in the crisis period. Also, it is found that SWFs act as a liquidity provider in stock markets.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
