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, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 20 May 2022

Seeking Other Potential Payers

Seeking Other Potential Payers

(p.139) Five Seeking Other Potential Payers
Hope Springs Eternal

Kim Oosterlinck

, Anthony Bulger
Yale University Press

Long before the Russian bonds were repudiated, the redrawing of territorial boundaries as a result of wars, annexations, and inheritances had raised the issue of the debt of territories that had either become independent or been incorporated into new nations. This issue was central in the case of the Russian bonds because the Russian revolution led to a division of the empire and the creation of new independent nations. This chapter analyzes the various statements made by successor countries. Many countries acknowledged on paper a form of liability but none ever repaid part of the Russian debt. It further shows that, on top of successor states, bondholders hoped that Russia would ask Germany to repay part of its debts in the framework of World War I reparations.

Keywords:   State succession, Debt partition, Country break-up, Versailles Treaty, World War I reparations

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.