French Bondholders and the Repudiation of Russian Sovereign Debt
by
Kim Oosterlinck
Language: English
Release Date: May 28, 2016
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...