Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Hope Springs Eternal: French Bondholders and the Repudiation of Russian Sovereign Debt

Hope Springs Eternal: French Bondholders and the Repudiation of Russian Sovereign Debt

Oosterlinck, Kim
Bulger, Anthony

Hardcover

Series: Yale Economic and Financial History

EconomicsInvesting & FinanceRussian History

ISBN10: 0300190913
ISBN13: 9780300190915
Publisher: Paperbackshop UK Import
Published: May 24 2016
Pages: 264
Weight: 1.19
Height: 0.90 Width: 6.10 Depth: 9.30
Language: English
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.

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