Hope Springs Eternal
Hope Springs Eternal
About this book
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.
Details
- OL Work ID
- OL21122563W
Subjects
Soviet union, economic conditionsDefault (Finance)HistoryRepudiationState bankruptcyExternal DebtsDebtor and creditorDéfaillance (Finances)HistoireRépudiation (Économie politique)Faillite d'ÉtatDettes extérieuresDébiteur et créancierBUSINESS & ECONOMICSPublic FinanceRelations extérieuresPublic DebtsForeign economic relations