Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269342 
Authors: 
Year of Publication: 
2012
Series/Report no.: 
FERDI Working Paper No. P61
Publisher: 
Fondation pour les études et recherches sur le développement international (FERDI), Clermont-Ferrand
Abstract: 
The financial sector is becoming more important because of the natural resource booms. The taxation of natural resource exports will generate large increases in revenues and this will transform the ability of governments to borrow in the markets for sovereign debt. These constitute temporary influxes of money : resources will deplete and debt must be serviced. Hence, to be sustainable, they must be channelled into productive assets. The public financial sector – central banks, sovereign asset funds, and development banks – has the critical role of administering this process.
JEL: 
F15
Document Type: 
Working Paper

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