TY - BOOK AU - Oosterlinck,Kim AU - Bulger,Anthony TI - Hope springs eternal: French bondholders and the repudiation of Russian sovereign debt T2 - Yale series in economic and financial history SN - 9780300220933 AV - HJ8714 U1 - 336.340947 23 PY - 2016///] CY - New Haven PB - Yale University Press KW - Default (Finance) KW - Russia KW - History KW - 20th century KW - Repudiation KW - State bankruptcy KW - Debts, External KW - Debtor and creditor KW - France KW - BUSINESS & ECONOMICS KW - Public Finance KW - bisacsh KW - fast KW - Electronic books N1 - Includes bibliographical references and index N2 - 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 UR - https://libproxy.firstcity.edu.my:8443/login?url=http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1227492 ER -