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

By:

Oosterlinck, Kim [author.]

Contributor(s):

Bulger, Anthony [translator.]

Material type: Text

TextSeries: Yale series in economic and financial historyPublisher: New Haven : Yale University Press, [2016]Description: 1 online resourceContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780300220933
0300220936

Subject(s):

Genre/Form:

Additional physical formats: Print version:: No titleDDC classification:

336.340947 23

LOC classification:

HJ8714

Online resources:

Click here to access online

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.

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Online resource; title from PDF title page (EBSCO, viewed May 11, 2016).

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.

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