The article studies the process of shaping the vision of Caucasian communities in 1917 as regards their place as a part of Russia. With the reference to memoirs of participants and contemporaries of the events. one can see that the overthrow of the Russian monarchy was an incentive for local institutional activity. Political and intellectual elite has sought to prepare the Caucaus for... https://echobookmarks.com/story19493413/sovereign-cds-premiums-reaction-to-macroeconomic-news-an-empirical-investigation