Emerging Markets

Op-Ed

What's in a Name?

Author: Brad W. Setser
Emerging Markets

China’s sovereign wealth fund looks more like a state agency for managing financial sector investments than a diversified global fund manager, says Brad Setser in a piece that first appeared in the May 2008 issue of Emerging Markets.

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Must Read

GMF: Romania, Bulgaria, and the EU's Future

Author: Robin Shepherd

Romania and Bulgaria have entered a European Union that has stalled at a crossroads, says this commentary from the German Marshall Fund of the United States. The paper discusses the various ways the new EU members will influence policymaking in the EU.

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Foreign Affairs Article

Hands Off Hedge Funds

Author: Sebastian Mallaby

The massive growth of hedge funds has sparked warnings of instability and demands that the industry be regulated. But the fear of hedge funds is overblown, based on a misunderstanding of their role in the international financial system. In reality, hedge funds do not increase risk; they manage it -- and policymakers, rather than clamping down, should make sure hedge funds have the tools to perform this function well.

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