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Hope Springs EternalFrench Bondholders and the Repudiation of Russian Sovereign Debt$
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Kim Oosterlinck

Print publication date: 2016

Print ISBN-13: 9780300190915

Published to Yale Scholarship Online: January 2017

DOI: 10.12987/yale/9780300190915.001.0001

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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: 17 May 2022



(p.179) Epilogue
Hope Springs Eternal

Kim Oosterlinck

, Anthony Bulger
Yale University Press

These days the pricing of a bond seems unrelated to the nationality of its holder. In other words, the financial markets do not seem to put a different value on a bond according to the nationality of the person holding it.1 However, the Russian repudiation offers a historical counterexample. In the 1920s the British Union of Russian Bondholders indicated that, although it was not customary to mention the bondholders’ nationality, the negotiations between Britain and the Soviet Union would not take the claims of non-British nationals into account (...

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