Title Hope springs eternal : French bondholders and the repudiation of Russian sovereign debt / Kim Oosterlinck ; translated by Anthony Bulger

Published New Haven : Yale University Press, [2016]

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Description 1 online resource Series Yale series in economic and financial history Yale series in economic and financial history. Contents Frontmatter -- Contents -- About This Book -- Preface -- Acknowledgments -- Introduction -- One. Sovereign Debt: Default and Repudiation -- Two. Reputation, Trade Retaliation, and Recognition: The Hope That the Bolsheviks Would Change Their Position -- Three. Military Intervention and the Impact of War Events: Hopes for "White" Repayment -- Four. A French Bailout? -- Five. Seeking Other Potential Payers -- Six. Recent Econometric and Financial Research -- Seven. Conclusion -- Epilogue -- Appendix A. Russian Bonds Listed out of Russia (1903) -- Appendix B. Russian Bonds Listed on Paris Stock Exchange (2 January 1917) -- Notes -- References -- Index Summary 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 Bibliography Includes bibliographical references and index Notes Translated from the French Online resource; title from PDF title page (EBSCO, viewed May 11, 2016) Subject Default (Finance) -- Russia -- History -- 20th century Repudiation -- Russia -- History -- 20th century State bankruptcy -- History -- 20th century Debts, External -- Russia -- History -- 20th century Debtor and creditor -- France -- History -- 20th century BUSINESS & ECONOMICS -- Public Finance. Debtor and creditor Debts, External Default (Finance) Repudiation State bankruptcy France Russia URSS -- Relations extérieures -- France. France -- Relations extérieures -- URSS. Genre/Form History Form Electronic book Author Bulger, Anthony, translator ISBN 9780300220933 0300220936

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