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

Format:

Book

Author/Creator:

Malik, Hassan, author.

Series:

Princeton scholarship online.

Princeton scholarship online

Language:

English

Subjects (All):

Revolution (Soviet Union : 1917-1921).

Finance--Soviet Union.

Finance.

Soviet Union--Economic conditions.

Soviet Union.

Soviet Union--Foreign economic relations.

Soviet Union--History--Revolution, 1917-1921.

Genre:

Electronic books.

Physical Description:

1 online resource (318 pages)

Edition:

1st ed.

Place of Publication:

Princeton, NJ : Princeton University Press, [2018]

Language Note:

In English.

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.

Contents:

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

Notes:

Previously issued in print: 2018.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)

Description based on publisher supplied metadata and other sources.

ISBN:

9780691185002

069118500X

OCLC:

1050437358