Hope springs eternal: french bondholders and the repudiation of russian sovereign debt
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Bibliographic Details
Main Author: Oosterlinck, Kim 1974- (Author)
Other Authors: Bulger, Anthony 1953- (Translator)
Format: Electronic eBook
Language:English
Published: New Haven Yale University Press [2016]
Series:Yale series in economic and financial history
Subjects:
Item Description:Includes bibliographical references and index
In 1918, the Soviet revolutionary government repudiated the Tsarist regime sovereign debt, triggering one of the biggest sovereign defaults ever. Yet the price of Russian bonds remained high for years. Combing French archival records, Kim Oosterlinck shows that, far from irrational, investors had legitimate reasons to hope for repayment. Soviet debt recognition, a change in government, a bailout by the French government, or French banks, or a seceding country would have guaranteed at least a partial reimbursement. As Greece and other European countries raise the possibility of sovereign default, Oosterlinck superbly researched study is more urgent than ever
ISBN:9780300220933
0300220936

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