Hope Springs Eternal: French Bondholders and the Repudiation of Russian Sovereign Debt

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Product Details

Price
$102.00
Publisher
Yale University Press
Publish Date
Pages
264
Dimensions
6.1 X 0.9 X 9.3 inches | 1.19 pounds
Language
English
Type
Hardcover
EAN/UPC
9780300190915
BISAC Categories:

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About the Author

Kim Oosterlinck is professor of finance at the Solvay Brussels School of Economics and Management, Universitรฉ libre de Bruxelles. He lives in Brussels, Belgium.

Reviews

"Sovereign debt and default are back in the news. As Kim Ooosterlinck reminds us in his important book, this should not be a surprise. Earlier defaults, like those of the Bolsheviks, have cast a long shadow. There is much food for thought here for financial historians and financial market participants alike."--Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley--Barry Eichengreen
"Financial markets are often castigated for having short memory. This book shows that actually hope trumps memory. The history of the 1917 Soviet repudiation of Russian debts is a breathtaking illustration of how markets price political risk, bailout expectations and the effect of sanctions on defaulters. This is an absolute must-read for policymakers, professional investors, researchers or simple observers of the recent financial crisis."--Rui Esteves, University of Oxford