OOSTERLINCK, Kim; Szafarz, Ariane - Centre Emile Bernheim, Solvay Brussels School of … - 2004
repudiated by the Soviets on February 8, 1918. After its repudiation, the bond exhibits an important geographic price … differential. This phenomenon is attributed to the conjunction of war conditions excluding arbitrage and specific investors …' expectations regarding bailouts by the French and British governments. Furthermore, data from the pre-repudiation period show that …