The case for maintaining open international financial markets must be weighed against legitimate political concerns.

In the wake of the subprime mortgage crisis, a number of the largest U.S. banks have turned to sovereign wealth funds--the investment arm of cash-rich foreign governments--for large capital infusions to mend their troubled balance sheets. Additional large infusions of resources, which are to be expected as the subprime crisis...

At this event, leading experts discussed the economic and legal merits of sovereign wealth fund investments and the likely policy landscape in which they will operate.

After years of war, oppression, and uncertainty, Iraqi Kurds have reason for optimism. The Kurdistan Regional Government has sold international companies rights for exploitation and development of the region's petroleum resources.

Assessing the wisdom of setting up sovereign wealth funds in Latin America depends on a judgment about the relative importance of the existing funds in the global economy.

Two recent phenomena--state-owned or controlled corporations in our public markets, and government-owned commercial investment funds--are challenging conventional approaches to the respective roles of government and the private sector.

What's needed is the strong arm of the European Central Bank to remove catastrophic risk from the marketplace without risking the bank's core mission of fighting inflation.