| |
| | SSRN-One Asset, Two Prices: The Case of the Tsarist Repudiated Bonds by Kim Oosterlinck, Ariane Szafarz (Site not responding. Last check: 2007-10-31) |
 | | Based on an original daily database, this paper compares the price evolution from January 6, 1916 to August 31, 1919 of a cross-listed (Paris and London) Tsarist bond repudiated by the Soviets on February 8, 1918. |
 | | Furthermore, data from the pre-repudiation period show that the impossibility for arbitrage is not sufficient for driving the pricing differences. |
 | | Oosterlinck, Kim and Szafarz, Ariane, "One Asset, Two Prices: The Case of the Tsarist Repudiated Bonds" (August 24, 2004). |
| papers.ssrn.com /sol3/papers.cfm?abstract_id=582041 (304 words) |
|