Bankers and Bolsheviks : : International Finance and the Russian Revolution / / Hassan Malik.

Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age.Shedding critical...

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Superior document:Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2018 English
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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2018]
©2018
Year of Publication:2018
Language:English
Online Access:
Physical Description:1 online resource (318 p.)
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Other title:Frontmatter --
Contents --
Acknowledgments --
Note on Dates, Transliteration and Abbreviations --
1. Fault Lines: The Witte System and Missed Opportunities --
2. The Loan That Saved Russia? Reassessing the 5 Percent Russian Government Loan of 1906 --
3. The Interrevolutionary Recovery and Rally --
4. Investing in the Revolution --
5. Revolutionary Default --
Conclusion --
Appendix: Rethinking Sovereign Default Rankings --
Notes --
Bibliography --
Index
Summary:Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age.Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a historical approach, drawing on banking and government archives in four countries. The book provides rare insights into the thinking of influential figures in world finance as they sought to navigate one of the most challenging and lucrative markets of the first modern age of globalization.Bankers and Bolsheviks reveals how a complex web of factors-from government interventions to competitive dynamics and cultural influences-drove a large inflow of capital during this tumultuous period in world history. This gripping book demonstrates how the realms of finance and politics-of bankers and Bolsheviks-grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.
Format:Mode of access: Internet via World Wide Web.
ISBN:9780691185002
9783110604252
9783110603255
9783110603101
9783110604016
9783110606591
DOI:10.1515/9780691185002?locatt=mode:legacy
Access:restricted access
Hierarchical level:Monograph
Statement of Responsibility: Hassan Malik.