SWF nations poor on governance: SF Fed's Glick

A considerable gulf exists between the governance standards of the economies in which sovereign wealth funds have been established and the standards of the industrial economies in which they are seeking to invest, a paper co-authored by Reuven Glick, the head of international research at the San Francisco Federal Reserve, states.

In a note for VoxEU.com, an economics blog, Glick and co-author Joshua Aizenman, a professor at the University of California Santa Cruz, argued that though governanc