author_facet Pavlidis, Georgios
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author Pavlidis, Georgios
spellingShingle Pavlidis, Georgios
Journal of Financial Regulation and Compliance
Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
Strategy and Management
author_sort pavlidis, georgios
spelling Pavlidis, Georgios 1358-1988 1358-1988 Emerald Strategy and Management http://dx.doi.org/10.1108/jfrc-11-2018-0151 <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>This paper aims to investigate the idea of building responsible borrowing and lending into sovereign wealth fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper aims to critically assess the linkages and convergences between the Santiago Principles on SWF and the United Nations Conference on Trade and Development (UNCTAD) principles on responsible sovereign lending and borrowing.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>This paper draws on legal scholarship, reports, policy papers and other open-source data to explore the role of SWFs in sovereign lending, borrowing and debt restructuring.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>Building responsible borrowing and lending into SWF decision-making is feasible and justified on the grounds of both ethics and public duty. It is also justified in financial terms because it would protect SWFs from irresponsible lending and borrowing practices at the micro level while contributing to global financial stability at the macro level.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>This is the first comprehensive study to juxtapose two important normative processes, the Santiago Principles and the UNCTAD Principles.</jats:p> </jats:sec> Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds Journal of Financial Regulation and Compliance
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title Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_unstemmed Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_full Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_fullStr Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_full_unstemmed Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_short Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_sort promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
topic Strategy and Management
url http://dx.doi.org/10.1108/jfrc-11-2018-0151
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description <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>This paper aims to investigate the idea of building responsible borrowing and lending into sovereign wealth fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper aims to critically assess the linkages and convergences between the Santiago Principles on SWF and the United Nations Conference on Trade and Development (UNCTAD) principles on responsible sovereign lending and borrowing.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>This paper draws on legal scholarship, reports, policy papers and other open-source data to explore the role of SWFs in sovereign lending, borrowing and debt restructuring.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>Building responsible borrowing and lending into SWF decision-making is feasible and justified on the grounds of both ethics and public duty. It is also justified in financial terms because it would protect SWFs from irresponsible lending and borrowing practices at the micro level while contributing to global financial stability at the macro level.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>This is the first comprehensive study to juxtapose two important normative processes, the Santiago Principles and the UNCTAD Principles.</jats:p> </jats:sec>
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author Pavlidis, Georgios
author_facet Pavlidis, Georgios, Pavlidis, Georgios
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description <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>This paper aims to investigate the idea of building responsible borrowing and lending into sovereign wealth fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper aims to critically assess the linkages and convergences between the Santiago Principles on SWF and the United Nations Conference on Trade and Development (UNCTAD) principles on responsible sovereign lending and borrowing.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>This paper draws on legal scholarship, reports, policy papers and other open-source data to explore the role of SWFs in sovereign lending, borrowing and debt restructuring.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>Building responsible borrowing and lending into SWF decision-making is feasible and justified on the grounds of both ethics and public duty. It is also justified in financial terms because it would protect SWFs from irresponsible lending and borrowing practices at the micro level while contributing to global financial stability at the macro level.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>This is the first comprehensive study to juxtapose two important normative processes, the Santiago Principles and the UNCTAD Principles.</jats:p> </jats:sec>
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spelling Pavlidis, Georgios 1358-1988 1358-1988 Emerald Strategy and Management http://dx.doi.org/10.1108/jfrc-11-2018-0151 <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>This paper aims to investigate the idea of building responsible borrowing and lending into sovereign wealth fund (SWF) decision-making. SWFs, which currently manage US$8 trillion in assets, are influential institutional investors, but their role in sovereign debt markets needs to be further explored. In this context, this paper aims to critically assess the linkages and convergences between the Santiago Principles on SWF and the United Nations Conference on Trade and Development (UNCTAD) principles on responsible sovereign lending and borrowing.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>This paper draws on legal scholarship, reports, policy papers and other open-source data to explore the role of SWFs in sovereign lending, borrowing and debt restructuring.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>Building responsible borrowing and lending into SWF decision-making is feasible and justified on the grounds of both ethics and public duty. It is also justified in financial terms because it would protect SWFs from irresponsible lending and borrowing practices at the micro level while contributing to global financial stability at the macro level.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>This is the first comprehensive study to juxtapose two important normative processes, the Santiago Principles and the UNCTAD Principles.</jats:p> </jats:sec> Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds Journal of Financial Regulation and Compliance
spellingShingle Pavlidis, Georgios, Journal of Financial Regulation and Compliance, Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds, Strategy and Management
title Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_full Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_fullStr Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_full_unstemmed Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_short Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_sort promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
title_unstemmed Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
topic Strategy and Management
url http://dx.doi.org/10.1108/jfrc-11-2018-0151