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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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  4. Vol. 53, Issue 2
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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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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/ccm.53.2.187
Language
English
Pages
34
Keywords

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.

Table of Contents

Section Title Page Action Price
Jan Körnert / Thomas Junghanns: 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 1
Abstract 1
I. Introduction 1
II. Mechanisms for the Potential Exerciseof Influence by SWFs, Through Critical Infrastructure,and Through Significant and Critical Banks 3
1. Potential Exercise of Influence by SWFs 3
2. Critical Infrastructure 6
3. Significant and Critical Banks 7
III. The Historical Development of Significant Banksin the Five Banking Systems 1
1. The Historical Development of Significant Banks in Malta 1
2. The Historical Development of Significant Banks in Cyprus 1
3. The Historical Development of Significant Banks in the Baltic states 1
IV. Determination of Significant and Critical Banksin the Five Banking Systems 1
1. Determination of Significant and Critical Banksin Malta and Cyprus 1
2. Determination of Significant and Critical Banks in the Baltic States 1
V. Current Shareholdings in Critical Banks Relativeto Financial Power of SWFs 2
1. Malta 2
2. Cyprus 2
3. Estonia 2
4. Latvia 2
5. Lithuania 2
VI. Summary 2
References 3

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