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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. 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's superbly researched study is more urgent than ever.
In 1918, the Soviet revolutionary government repudiated the Tsarist regime's sovereign debt, triggering one of the biggest sovereign defaults ever. Yet the pric
Sovereignty is among the most important phenomena for making sense of political life. But there are many mistaken assumptions associated with the concept. This
New author, E. L. Glenn, takes you on an intriguing journey through a reality that contains multiple, parallel universes. Though there are uncountable universes
Until September 11th, 2001, few in the West fully appreciated the significance of religion in international politics. The terrible events of that day refocused
During and after the Hundred Years War, English rulers struggled with a host of dynastic difficulties, including problems of royal succession, volatile relation