Aizenman, Joshua; Glick, Reuven - Federal Reserve Bank of San Francisco - 2008
compare the optimal degree of diversification abroad by a central bank versus that of a sovereign wealth fund. We show that if …. In contrast, if the sovereign wealth fund, acting on behalf of the Treasury, maximizes the expected utility of a … the optimal degree of
diversification abroad by a central bank versus that of a sovereign wealth fund. We show that
if …