Russia’s public debt and the French market, 1889–1914:A statistical assessment
The discussion of Franco—Russian financial relations has always been accompanied by much acrimony and passion. Both on the Russian and on the French side the problem has been charged with emotional overtones. On Russia’s side, there has always been a feeling of humiliation at the thought that ministers of Imperial Russia like those of another Bulgaria or Turkey had to come cap in hand to ask for credit in Paris, pay what many of them considered to be usurious, crippling interest rates and dividends, and on occasion be forced to grant diplomatic or commercial concessions as a quid pro quo for financial assistance.
KeywordsGovernment Bond Russian Government Direct Government Treasury Bond Municipal Bond
Unable to display preview. Download preview PDF.