What We Are Reading Today: Bankers and Bolsheviks

What We Are Reading Today: Bankers and Bolsheviks
Updated 27 October 2018

What We Are Reading Today: Bankers and Bolsheviks

What We Are Reading Today: Bankers and Bolsheviks

Author: 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 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 19th and early 20th 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.