Jump to ContentJump to Main Navigation
Hope Springs EternalFrench Bondholders and the Repudiation of Russian Sovereign Debt$
Users without a subscription are not able to see the full content.

Kim Oosterlinck

Print publication date: 2016

Print ISBN-13: 9780300190915

Published to Yale Scholarship Online: January 2017

DOI: 10.12987/yale/9780300190915.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in YSO for personal use (for details see www.yale.universitypressscholarship.com/page/privacy-policy).date: 16 November 2018

A French Bailout?

A French Bailout?

Chapter:
(p.116) Four A French Bailout?
Source:
Hope Springs Eternal
Author(s):

Kim Oosterlinck

, Anthony Bulger
Publisher:
Yale University Press
DOI:10.12987/yale/9780300190915.003.0005

This chapter details the reasons which prompted French investors to believe that France might bail them out. During the 19th century the French government had bailed out its citizens who had invested in the Mexican bonds the French government had promoted. In the Russian case the French government was even more involved. While legally the French government had never underwritten these bonds, it had vaunted their reliability and attractiveness. This was due to political reasons at a time when France felt it needed the diplomatic support of Russia but it was also the result of vast bribing campaigns undertaken by Russia. The fact that, during the First World War, France had paid the coupons on Russian bonds in the name of mutual assistance between allies put the French government in a delicate position. The chapter details the numerous parliamentary debates held to decide whether or not to bail out French holders of Russian bonds. The chapter concludes by describing the actions undertaken by foreign governments in terms of bailout.

Keywords:   Bailout, Bribes, Ethics, Parliamentary debates

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.