BOOKS - HISTORY - The Political Economy of Ottoman Public Debt Insolvency and Europea...
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344222
344222
The Political Economy of Ottoman Public Debt Insolvency and European Financial Control in the late Nineteenth Century
Author: Murat Birdal
Year: 2010
Number of pages: 252
Format: PDF
File size: 16.0 MB
Language: ENG
Year: 2010
Number of pages: 252
Format: PDF
File size: 16.0 MB
Language: ENG
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors.