Description |
1 online resource |
Series |
Yale series in economic and financial history |
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Yale series in economic and financial history.
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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 |
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Online resource; title from PDF title page (EBSCO, viewed May 11, 2016) |
Subject |
Default (Finance) -- Russia -- History -- 20th century
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Repudiation -- Russia -- History -- 20th century
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State bankruptcy -- History -- 20th century
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Debts, External -- Russia -- History -- 20th century
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Debtor and creditor -- France -- History -- 20th century
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BUSINESS & ECONOMICS -- Public Finance.
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Debtor and creditor
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Debts, External
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Default (Finance)
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Repudiation
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State bankruptcy
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France
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Russia
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URSS -- Relations extérieures -- France.
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France -- Relations extérieures -- URSS.
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Genre/Form |
History
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Form |
Electronic book
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Author |
Bulger, Anthony, translator
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ISBN |
9780300220933 |
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0300220936 |
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