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Hope Springs Eternal: French Bondholders And The Repudiation Of Russian Sovereign Debt (Yale Series In Economic And Financial History)

Yale University Press
SKU:
9780300190915
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ISBN13:
9780300190915
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In 1918, the Soviet revolutionary government repudiated the Tsarist regime's 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's superbly researched study is more urgent than ever.
  • | Author: Kim Oosterlinck
  • | Publisher: Yale University Press
  • | Publication Date: May 24, 2016
  • | Number of Pages: 264 pages
  • | Language: English
  • | Binding: Hardcover/Business & Economics
  • | ISBN-10: 0300190913
  • | ISBN-13: 9780300190915
Author:
Kim Oosterlinck
Publisher:
Yale University Press
Publication Date:
May 24, 2016
Number of pages:
264 pages
Language:
English
Binding:
Hardcover/Business & Economics
ISBN-10:
0300190913
ISBN-13:
9780300190915