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The Potential for Sovereign Wealth Funds to Exert Influence Through Critical Banks in the Five Smallest EU Member States

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Körnert, J., Junghanns, T. The Potential for Sovereign Wealth Funds to Exert Influence Through Critical Banks in the Five Smallest EU Member States. . An Analysis of Malta, Cyprus, Estonia, Latvia and Lithuania. Credit and Capital Markets – Kredit und Kapital, 53(2), 187-220. https://doi.org/10.3790/ccm.53.2.187
Körnert, Jan and Junghanns, Thomas "The Potential for Sovereign Wealth Funds to Exert Influence Through Critical Banks in the Five Smallest EU Member States. An Analysis of Malta, Cyprus, Estonia, Latvia and Lithuania. " Credit and Capital Markets – Kredit und Kapital 53.2, 2020, 187-220. https://doi.org/10.3790/ccm.53.2.187
Körnert, Jan/Junghanns, Thomas (2020): The Potential for Sovereign Wealth Funds to Exert Influence Through Critical Banks in the Five Smallest EU Member States, in: Credit and Capital Markets – Kredit und Kapital, vol. 53, iss. 2, 187-220, [online] https://doi.org/10.3790/ccm.53.2.187

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The Potential for Sovereign Wealth Funds to Exert Influence Through Critical Banks in the Five Smallest EU Member States

An Analysis of Malta, Cyprus, Estonia, Latvia and Lithuania

Körnert, Jan | Junghanns, Thomas

Credit and Capital Markets – Kredit und Kapital, Vol. 53 (2020), Iss. 2 : pp. 187–220

3 Citations (CrossRef)

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Author Details

Prof. Dr. Jan Körnert, University of Greifswald, Faculty of Law and Economics, Friedrich-Loeffler-Straße 70, 17489 Greifswald

Dipl.-Kfm. Thomas Junghanns, University of Greifswald, Faculty of Law and Economics, Friedrich-Loeffler-Straße 70, 17489 Greifswald

Cited By

  1. Staatsfonds und die Dax-40-Unternehmen

    Körnert, Jan | Kolwey, Tim

    Zeitschrift für Wirtschaftspolitik, Vol. 72 (2023), Iss. 2 P.193

    https://doi.org/10.1515/zfwp-2023-2008 [Citations: 0]
  2. Einflussmöglichkeiten von Staatsfonds auf die Bankensysteme der EU-Länder außerhalb des Euroraums

    Junghanns, Thomas | Körnert, Jan

    Perspektiven der Wirtschaftspolitik, Vol. 23 (2022), Iss. 4 P.299

    https://doi.org/10.1515/pwp-2021-0053 [Citations: 1]
  3. The Potential for a Sovereign Wealth Fund to Acquire and Exert Influence Over the Eurozone

    Junghanns, Thomas | Körnert, Jan

    Intereconomics, Vol. 57 (2022), Iss. 3 P.179

    https://doi.org/10.1007/s10272-022-1045-6 [Citations: 4]

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Abstract

The financial clout of global sovereign wealth funds (SWFs) is massive, and many of these are controlled by authoritarian regimes. It cannot be ruled out that these funds might take shareholding positions in banks which play key roles in other countries. This paper studies the extent to which SWFs have the potential ability to use shareholdings in critical banks as mechanisms to exert influence on other countries’ banking systems, taking a comparative approach in considering the five smallest EU member states: Malta, Cyprus, Estonia, Latvia and Lithuania. The study concludes that SWFs would, in many cases, need to dedicate only a tiny portion of their assets in order to gain significant potential for influence within these countries.